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.
ShortShort
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, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
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!
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Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
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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.
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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 discussion and is not a trade adviDisclaimer: 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.ce. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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 previous low, or below the horizontal line denoting past resistance, which could be tested as new support.
Let me know your thoughts.
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
SGX - Time is Ripe for recoverySGX has been testing the Trendline Support around 8.15 in the past month. Today it tested this level again and is now bouncing just a little above the trendline. However it a weekly bullish divergence (between the stock price and stochastic) is now forming. The chance is better now for a slow recovery to to the upside with initial stop loss just below 8.10.
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
DBS [1-3 weeks view]Long DBS
Entry: 19.11
SL: 18.35
TP: 20.62
DBS dropped quickly to new lows and is currently in a rebound.
Fibo and graphical level lining up nicely at the TP level.
Price above ascending trendline support and also moving average.
This should be a limited push up as I am generally bearish across the global markets.
Long