Wilmar facing bearish pressurePrice is facing bearish pressure from our resistance in line with our 127.2% fibonacci retracement and fibonacci extension and a re-test of our sell entry could present a good opportunity for a short.
ShortShort
DBS approaching key support level Hey guys! Hope you manage to catch the reversal on DBS that I called previously, it is linked below so you can check out the previous idea there. Right now, I am still bearish on the stock and expect to see a further drop to our support at 20.00 before a bounce. What are your thoughts on this?
Long
Venture under bearish pressure Price is facing bearish pressure from our Ichimoku Cloud, 20 period EMA where a pullback to our sell entry could present a good opportunity for a short.
Short
Keppel testing supportPrice is testing our support in line with our trend line, 78.6% retracement and 100% extension where we could see a bounce to our resistance target. We do caution our descending trend line and a break above this trend line could provide room for a bullish acceleration to our take profit target.
Long
Look at the "indispensable" stocksCome this Friday , 19 June 20, Singapore will enter into Phase 2 of its economy reopening.
The major news would be shopping malls will be reopen to the public once more. Will there be a r evenge shopping frenzy like we see in China ?
If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business.
Not forgetting , there are many retail staff in brick and mortar shops returning to work, th
Long
OCBC under bearish pressure potential for further drop!Price is testing our resistance where we could see a reversal below this level. Our first resistance is in line with our 23.6% retracement, 78.6% extension and descending trend line as well.
Short
UOB - Price is reaching resistance, potential reversalHere's what I see on UOB, price is reaching resistance where we could see a reversal from our sell entry, in line with our trend line, 38.2% retracement and 78.6% extension where we could see a reversal here. Cheers!
Short
DBS - CLOSING THE GAP1) The gap up from $20.25 to $20.68 needs to be closed
2) Currently there is some strong support at $20.65 area
3) Trade accordingly to the current downtrend channel
4) Sell if it breaches $20.00
5) Buy if it breaks out of the downtrend channel to the upside
Short
Parkwaylife Double topDouble top and triangle. Awaiting breakdown.
Disclaimer: Not an advice to buy or sell.
Short
Short
SGX (Things are about to get nasty)Updated View On SGX (29 MAY 2020)
SGX had a great fall and it has touched to strong swing support region $8 in recent days.
That's the reason why we are seeing some pullback action.
The pullback action may bring the price up higher but s long as it can't swing back above $9.2 region, we will expect to see more bearish actions soon.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange
Short
ComfortDelGro - Trading in the channelOn bigger timeframe there is a bear flag. On daily it is trading in a channel and formed a double top. Awaiting breakdown.
Disclaimer: Not an advice to buy or sell.
Short
SIA - A break below key support could trigger a further dropPrice is facing bearish pressure from our trend line, Ichimoku cloud where a break below our key support level could trigger a further drop to our take profit target.
Short
DBS - resumption of slow road to recoveryAfter hitting a high of 23.58 recently, DBS has been pulling back in the last 2 weeks cumulating to a low @ 20.63 yesterday but quickly recovered to close a bullish pin bar. Now it that has "successfully" tested the 50% fibonacci retracement of the recent swing up plus having worked off the overbought position to near term oversold now. It looks ready to resume the slow climb back up. (with stop loss just below yesterday's low 20.63)
Disclaimer: This is just my own analysis and opinion for d
Long
Starhub forming a falling wedgeStarhun (CC3) forming a falling wedge
Disclaimer: This is not an advice to buy or sell!!
Long
Sheng Siong showing great resistance.OV8 showing resistance at current level.. Also forming a Flag indicating bullish bias..
Disclaimer: This is not an advice to buy or sell!!
Long
C38U Possible Long SetupPrice is at a very respected trend line support (numerous touches), and in confluence with the 50EMA as support.
Bullish engulfing / tweezer bottom candlestick pattern formed at this level, adding to the bullish setup.
Stochastic indicator approaching the oversold area, suggesting further bullish action.
Possible profit targets could include the 200EMA, the upper trend line level, or the previous high.
Stop loss levels could include be below the wick of the current candle, below the previou
Long
DBS appraoching resistance, potenatial reversalHey guys, what do you think of DBS(D05.SI)? I have a bearish bias seems like price is facing bearish pressure from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level.
Short
OCBC testing resistance, potential dropLooking at a short on OCBC Bank(O39.SI) as well here, price is facing bearish bias from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level.
Short
HK Land - failed double bottom or rvs head and shoulder coming?Price fallen below 20MA
Potential head and shoulder?
Long
JMH - rising volume but falling priceRising volume but falling price is bearish, expect fall to drop more
Short
Short