Ascendas Reit - opportunity for short term swing upTesting channel support today with a potential bullish divergent in the making.
Long at channel support 3.34 (more "aggressive" entry) or wait for it to rise above 3.38 (confirmation) to Long. I would put initial stop loss at 3.29 and with initial target at 3.60 -3.65 (recent hi)
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.
Great Singapore Sales on D05 (DBS), we wait for a better price.SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet.
The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45
Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock.
My personal call:
Buy Order Limit at $19.50
Stop Loss at $18.80
Take Profit at $22.09
Optimal Profit at $23.50
Risk Reward ratio = 5.8R
Good Luck.
Di
Silverlake Axis (SGX: 5CP) LONGTechnical:
Strong close at .32 for 5 Aug 2020.
Awaiting breakout.
Upward momentum is strong.
5Long
YOMA - waking up yet?YOMA has been trading in a symmmetrical triangle pattern for 5 weeks now. A symmetrical triangle pattern is generally a "trend continuation" pattern (of the prior trend which was up in this case). Hence I would give it another few days to a week to see if it could break up with renewed momentum.
Long @ 0.300-0.305 with initial stop @ 0.29
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
UMS (SGX: 558) LONGOverall:
1.Semicon themed stocks are in play
Fundamental:
1.Expected improved company growth and earnings despite COVID-19
2. Management generous in their dividend payout in the past
3. High net margin (30%)
Technical:
1. Broke and sitting at resistance of $1.
2. Uptrend for both 50MA and 20MA
SIA - The New Normal of Airline TravelFlying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment.
As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul forward bookings for the first week in November 2020 are 59% below normal levels.
Furthermore, unless SIA defers some of its aircraft deli
Potential Long positionLower time frame shows a price rejection with a bullish inside bar for lower prices before the day ends on 30 July. Price is also currently along with the ascending triangle with higher lows since April. It is now on the previous resistance turn support price and it is possible to wait for further confirmation on long signals when price crosses the retracement trendline. Alternatively, if individuals feel it is an opportunity and there are enough multiple consensuses to long, one can choose to b























