Comfortdelgro - short term tradingThis counter appears to be on rising trend line - as shown in this hourly chart pattern. The technical indicator shows oversold region, will expect a re-bounce from this region.
Potential trade is setup:
Buy in range: 1.45 to 1.47
Stop loss: 1.40
Target Profit range: 1.59 to 1.65
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u
DBS- Ascending triangle pointing to an upsideDBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range, hence the strong upside is high.
Should 20.00 breaks, the next price level to be tested is near 21.07 region highlighted in red.
DBS on route to recoveryChart has shown a series of higher lows while respecting channel support on a daily closing basis and we can expect price to continue this upward trend.
If you are already long on this trade, the first TP should be at the 50MA where supply will start to come in.
The next opportunity for a long entry would be either at pennant support or when we get a daily close above $20 (which is also above 50MA*).
Frasers CPT Trust - Still looking sweetFCPT finally broke quite decisively above the "neckline" at 2.10 today. Still not too late to jump on the bandwagaon (esp if it could retest 2.10 in the near future) with a stop just below 2.00. Look to scale out around 2.30 then 2.48 and finally 2.65-2.75. However I do not expect a smooth journey to the final target but as long as it is able to from a higher high and higher low then will stay long.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advic
SGX - Bearish divergence?Thus far, this counter has been trending within Fib channel. As of weekly chart, it shows bearish bias on potential short term retracement.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
Keppel - Potential Ascending WedgeHi folks, based on the TA of this counter, it appears that this counter is on ascending wedge. The targets of possible downtrend is indication when MA50 (purple) line is encounter. TA will be invalid if it breaks higher than the drawn wedge boundary.
The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at 4.82, it will dive further down. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will
World no 2 Airline share price crashed !!!SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here .
Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ?
I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and businesses. In tourism, many hospitality firms that depend on a concentrated nationality like China saw their business plummet 90 over percent
Mapletree Com Trust - Inverted H&S retest ( Round 2 )The first test of the inverted H&S failed (broke up and then failed a few days later). Now with bullish divergence forming again on the daily chart, it looks like MCT is ready to do another retest. Will this breakup suceed this time? Can only wait and see. Long at 1.80, stop below 1.75. Should it break above neckline I will move my stops to just below the neckline.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligenc
SIA - AnalysisSTOCK IN FOCUS: SIA
The pandemic situation shocked many markets, and the impact seems to be just gaining traction in the West. The situation does not seem to be slowing down yet, and it will still take time for any recovery to the pre-virus phase. Aviation is definitely one hard-hit industry, with governments having travel advisories and even banning flights to and fro certain countries.
SIA is such example being an aviation stock. The stock price has dipped to a critical zone (down 24% from
Short for the next 6 monthsFrom a fundamental view point, unlike other carriers which has domestic demand. SIA is entirely dependent on international demand for its revenue. The impending travel restrictions along with weak fundamentals post ex-rights might indicate this is a potential value trap.
Area of Value may be somewhere around $2-2.25 to $2.5. But do your due diligence in timing your entry. Overall short-term bearish outlook.
Awaiting to clear 0.285 hurdleThere is a possibility that if you chase the price now, your fate might follow the pink arrow.
I could be wrong and the price just keep on going up as well. Another safer way is to wait for the price to breakout of 0.285, sustain above it and go for a long .
That would have a higher margin of safety and confirmation.
5Long























