AP4 - Riverstone Ascending TriangleThe ascending triangle has formed, Riverstone heading to possible breakout. Let us await a positive trading signal at 3.80!
LongLong
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
Singapore Airlines at lowest post 9/11I'm not sure what happened on January 1, 1993, but on that day Singapore Airlines saw its first jump over the $3 range. Now trading at $3.53, I don't see the Republic of Singapore giving up on this flagship brand. Strong buy for long term. 2020 Q1 Earnings report may create a further dip on heading into the weekend.
Long
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
Wilmar breakout from Rounding bottom with VolumeCompleted a rounding bottom pattern.
Breakout with volume.
Potential Rounding bottom first target 5.3
Long
ASCENDAS break All time highBreaks all time high.
Banker's volume continue to increase.
Potential long term target 4.24 and 4.7
Long
OCBC facing bearish pressure, wait for pullback to go short Price is facing bearish pressure on the larger time frame. On the H4, a pullback to test our sell entry could present an opportunity to go short.
Short
Keppel facing bearish pressure, wait for pullback to short Price is approaching a key support level where we could be seeing a bigger pullback to test our sell entry before a further drop. A break below our downside confirmation level opens room for a bigger drop.
Short
DBS - Breaks trendlineBreaks trend line and stay below Ribbon indicator.
Banker's chip reduced.
Banker's Moving Average heading down about to cross below Retail Moving Average (Deadly cross)
Short
Long
Parkway Life Reit - waking up soon?Parkway Life Reit has been consolidating within a wedge pattern for the past 2 months. It is getting close to the apex of this wedge and RSI is now trending above 50. Am expecting a breakup to happen in a matter of 1-2 weeks.
I am accumulating within the narrow end of this wedge (3.35-3.4+) to wait (patiently) for the break.
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 toler
Long
Venture pullback before further bounce Price could see a larger pullback to our buy entry which is a strong support area before we see a bounce.
Long
DBS facing bearish pressure Price broke a key support level previously and a test of this level could present an opportunity to go short before a further drop. What are your thoughts on this stock?
Short
Riverstone - uptrend intactAfter about 2 weeks of consolidation, Riverstone formed a bullish divergence last Friday, confirmed upon the stock trading about last candle high @ 3.26 today. More upside to go. The trend is your friend!
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.
Long
Long
<TradeVSA> Continuation on Mark-Up stage. UMS (558.SG)Strength signal in the chart:
1. Green pentagon high volume
2. Re-accumulation
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Long
MIT - Dont fight the trend!More Data Centers = More Resistance during COVID
including recent entry by institutional investors / funds such as BLACKROCK
Base on Fib Retrenchment once we pass the 0.61 Fib more upside on the way.
Long
Mapletree Commercial Trust - Short term headwinds aheadCurrently downward trend close to the resistance line of around 1.85, if it break through downwards, we should see it test the 1.76 region and so forth.
Points to consider
tenants ability to survive the current pandemic impact
If measures impose by Government would help to stimulate sufficient spending.
tourism recovery
vaccine news.
What do you guys think? Do share cheers!
Short
DBS - LongCurrently on a bearish trend, coming close to the resistance line of around 20.41 If it break out and move upwards, we should see a upside of around 21.70 around 10 Sep 2020.
30 Oct would reach around 23.30 where we will test the next resistance.
factors that may impact its performance.
Pros
GSS
How fast the programs implemented by Government / STB to stimulate spending
Additional Stimulus if provided by Government to jump start the economy through programs / grants
Cons
Global economy trade
Long
Long
DBS - HERE WE GO AGAIN1) Similar pattern to the downtrend channel that happened from mid-June to end-June
2) Buy when support line of about $20.50 is reached, or when prices break out of the downtrend channel.
3) Sell if Major Support line of $20.00 is breached to the downside
Key levels to watch on DBSHere's my view on $DBS(D05.SI), price is currently testing a key support level in line with our ascending trend line where we could see a bounce from here, but I do caution the limited upside in prices here, keeping in mind the bearish trend line.
Long
Venture facing bullish pressure Price is facing bullish pressure and a test of our buy entry could see a further bounce above this level.
Long
DBS testing resistance, potential reversal Price is testing resistance where we could see a drop to our take profit target
Short