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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. Disclaimer: This call is for education purposes only, lot sizing is totally up to your risk appetite. As usual, I would recommend shifting your Stop Loss to your Break Even level once your position is in the profit zone. Always master your risks and your profit will come naturally.
SGX:D05Long
by machintose
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 own risk tolerance. Thank you.
SGX:Z59Long
by Juliac
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 deliveries, it is likely to require further funding in FY22. What's next for SIA?
SGX:C6L
by Inandouthunter
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 buy at the current price of 19.77 and set their stop loss at 18.47, if a long position is a success, exit trade at $23.94 or as long as price falls below 10 EMA.
SGX:D05Long
by klinsmanneo66
1
DBS keeps breaking down in small steps...Really painful to see a large (relative to Singapore) bank break down slowly like that... Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago). It is possible for a short bounce to 20.80 now, but downside bias remains, probably to continue after a bit of consolidation, if at all. As DBS is a main component of the Strats Times Index, STI, there is correlation in the apparent weakness.
SGX:D05
by Auguraltrader
CDL - The Worst Is Over. Or More To Come?CDL Reit has seen a sharp drop due to the circuit breaker and flight aviation stop around the world, resulting a big drop in earnings and drop to its DPU. Currently hovering close to the resistance point of 0.94 may have a rebound subjected to the following conditions; Gov proactive in stimulating tourism with fast lane approvals with Asean Countries Changes in the regulations for Reits providing additional reliefs 45m tourism board spending to stimulate local economy. CDL management proactive in reducing cost expenditure to ensure profitability Sufficient debt room if additional loans needed to be taken currently at 37% (limit is at 50%) Vaccine such as from Moderna advancing to late stage testing (monkey test - aiming for year end launch) www.bloomberg.com Target Price at 30 Oct - 1.19 If things does not pan out, the next resistance would be around 0.84 Stimulus in tourism dont pan out as per gov plans Vaccine delayed local tourism not effect. Target Price at 30 Oct - 0.95
SGX:J85
by Furball_Machines