DBS on a sunny island... setting into the seaDBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle)
This is precarious... a drop below the current support will result in a decent retracement.
MACD and Relative Price Strength already turned down... so it is held up with very little.
Be aware, beware!
SembCorp Marine ("The marks humans leave are too often scars.")View On SembCorp Marine (25 Nov 2020)
This counter had a great rally recently and it has touch near-term resistant such as 0.15.
There may be some pullback along the way but I expect, it shall go higher eventually.
$0.2 shall be an another strong resistant.
Let's see
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SembCorp Marine (Sink Or Submerge?)View On SembCorp Marine (11 Nov 2020)
SemCorp Marine has turned into a Submarine in the recent months and is it about to change?
We are seeing some bullish momentum gathers right now and 0.124 will be the immediate support.
0.15 will be the next resistant.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be sui
Singtel - Z74 - is the worst priced in?From every view it seems the worst is priced in. It is a different matter whether that is yet come or not. We focus on price actions to make long term investment decisions. Things to note:
1. Dividend Yield as on date : 5.8%
2. Can the company fail? -- Not possible as its a Singapore Blue Chip. Anyone who knows Singapore Market/ economy will not even think about this.
3. Will it continue to pay dividends : History states it will. Remember as a GLC , its one of the revenue sources to shareholder
SIA - airlines on the recoveryAfter lying low for about almost 4 months, news of Pfizer covid19 vaccine being 90% successful led to a breakaway gap on strong volume. The stock looks on track for a recovery with 3.80 as the "resistence turned support". However, as there are lots of resistences on the way up, I would consider to scale out partially around 4.40-4.50, then trail the stops up for a possible eventual target of 5.00.
I'll place an initial stop loss @ 3.74 as I do not expect this gap to be closed.
Disclaimer: Thi
Is a successful vaccine a killer for Gloves stock ?Possibly. We are at the final stage of the vaccine development and it is just a matter of time which company would confirm on the dates. Once confirmed, we are talking about the logistical aspect of distributing it worldwide.
When that happens, would the gloves manufacturers still be in demand as before ? I believe sales may taper down slowly as many countries are still not out of the woods and safety precautions will still be needed somehow.
Distribution of vaccines is going to take time, lea























