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 tra
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.
Mapletree Logistics Trust - breaking out of Bull FlagAfter hitting a high of 2.09 on 1st June, MLT has been consolidating in the past 2 weeks and forming a Bull Flag. The low was in place @ 1.84 (horizontal and 38% fib retracement support there).
It broke out of this Bull Flag @ 1.94 today and looks set to resume it's uptrend in the coming days. Expecting a retest of 2.08 although whether it could break this level in the near term remains to be seen
Long @ 1.95 with initial stop @1.89.
Disclaimer: This is just my own analysis and opinion for di
Valuetronics - Upside may be limitedFor traders who like to long, the key resistance at 0.62 is a key crucial level, rejecting it will see the bear resuming its sell down. The only thing supporting the bullish outlook is that the hammer found its support at the immediate support which confluence with the 50% Fibonacci retracement level of the whole bullish up move since 18th March.
SIA - capitulated and on the slow path to recovery Bullish divergence formed as it made a new low on May 20th on high volume. The signs are clearer now that the low is in and going forward it should be making a slow recovery. Time to long this morning @ 4.20 +/- from with an initial stop loss below 4.10 (or even 4.00 thou I believe the latter is less likely now). Trail stops up as the trade develops on the upside scaling out partially at suggested Targets of 4.85, 5.15 and 5.60 etc (fibonacci retracement levels on the way up).
Disclaimer: T
SIA SGX Stock (The Pride Of Singapore?)View On SIA (4 JUNE 2020)
We are seeing a strong rebound in SIA for the past weeks and currently, it is at an important level of $4.30 region.
This is the make (or) breaks regions and it is getting a little late to buy in.
We may see some resistant at the region but as long as 3.65 is supported well, sooner or later we shall see $5 again
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CapMall Trust - Time to stake for the ride up againCMT was pushed up quickly from 2.13 to 2.35 yesterday before crashing all the way back to 2.05 today. It appeared to find support at 2.05 which is also the 50% fib retracement of the swing up. A potential bullish divergence is also forming on the 4hrly chart. I would test the long here @ 2.05-2.06 with a stop @ 2.00 and looking for a retest of 2.35 as its initial target. Hope it works out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly























