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Suntec, a beneficiary of this relaxed regulations Read article here Looking at the chart, it seems highly likely that the trend continuation will continue and break out from the bearish trend line and proceed higher. For those who wants extra assurance, wait for the breakout , retrace and find an entry to go long. This is good news since our MICE industry cannot rely on domestic market, that means the business travel sector must be getting ready along with the hotels businesses to cater to the international exhibitors and attendees in time to come. Look at it as a package rather than which comes first. The snowball effect would be quite powerful once all the floodgates start to open.....
SGX:T82ULong
by dchua1969
Wilmar - Half Empty or Half Full?Wilamr gapped down a hefty 10% after a major shareholder announced that it was planning to pare it's stake amounting to about 2.68% of the issued share capital (a large sum of about $500m). It traded as low as 4.31 before rebouding a little to about 4.37 now. There are a confluence of 3 supports between 4.35-4.38 region (a horizontal support, trendline support as well as 50% fib retacement here). Could be worthwhile to test some longs here for an eventual rise to 4.75 (gap fill). Initial Stop Loss @ 4.29. Should we get stopped out, I will relook it as it approaches the 61% fib retracement level @ 4.20. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:F34Long
by Juliac
4
RiverStone SGX (Pump And Dump, SG Style)View On River Stone (4 SEPT 2019) This is going to be an another classic example of Pump And Dump. Reaching $3 shall be easy. 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 suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:AP4Short
by SonicDeejay
I will skip this counter for nowSomeone wanted to know about this counter, CAO. They are dependent on the recovery of the global aviation industry and at present, the entire industry is still very weak. There are analysts saying that traveling may not return to the pre-Covid 19 days. I can't foretell but looking at the chart, I will not be keen. 1. it is still on a downtrend since 2017...... 2. there is a support at 0.49 so if the price action over the next few months cannot break out of the bearish trend line and reverse instead, then it is likely we see it revisit this level again. 3. current litigation unresolved 4. Profitability and revenue not strong Therefore, I will not be keen on this stock for now.
SGX:G92
by dchua1969