Will it continue it's downside?Rising wedge with prices testing thrice at the resistance zone and 38.2% Fibonacci retracement. Could it be the incoming of wave 1 of the bearish wave?
ShortShort
SGX Starhub Longstock is trending sideways, and in middle of channel. potential to long @ 1.43 with stop-loss @ 1.38 and profit taking @ 1.55
Long
SGX Frasers Property Longstock in uptrend, and near lower bound of channel. potential to long @ 1.19 with stop-loss @ 1.16 and profit taking @ upper bound 1.33
Long
SGX Ho Bee Land Neutralstock in a wedge. whether break out resistance line or support line, remains to be soon.
SGX DairyFarm USD Longstock have lost its uptrend and moving sideways at its resistance line of 4.80. If manage to breach, potential to long @ 4.84 with stop-loss @ 4.72 and profit taking @ 5.48
Long
SGX AIMS APAC REIT NeutralAIMS APAC REIT
stock have lost its uptrend momentum and trending sideways, to continue to monitor movement.
SGX Ascendas-itrust Neutralstock have lost its uptend momentum, trending sideways now. to continue to monitor
SGX SingPost Longstock in uptrend with potential to enter @ 0.745 with stop-loss @ 0.715 and profit-taking @ 0.86
Long
Wilmar sell down after wave 4The strong sell down March 2020 has confirmed the bearish impulse of the 5 wave structure. Based on the Technical, we believe that the stock bullish correction is coming to an end:
1. Rising wedge formation below 50% Fibonacci retracement level indicate a strong signal to sell.
2. Evening star formation below the 50% Fibonacci retracement level indicate the start of a bearish sell down. Looking closer, the cluster of candles with the evening star formation indicate a weakness when all three candles fails to break the recent top at 3.48.
3. Elliott wave (iv) complied with the theory’s rule, whereby price should display a reversal at the 50% retracement of wave (iii).
4. Prices has been trending below the 200 and 50 Moving averages. On top of that, the 50 moving average crosses below the 200 moving average has formed a death cross and it is still valid.
5. RSI indicate a bearish divergence.
Short
SGX Fraser Log & Com Trust Longstock is in uptrend and have break resistance line @ 1.05. Potential to long @ entry 1.08 with stop-loss @ support line 1.00 and profit-taking @ 1.20
Long
SGX Riverstone Neutralstock is trading near its resistance line. Depending on the movement subsequently, if it can maintain above the resistance line then can go long, else should go short. To continue to watch
SIA SGX Stock (Down Trend Since 2008)View On SIA (5 MAY 2020)
Uncle Warren said, he has offloaded all the airline stocks under his portfolio.
Upon looking at the SIA counter, it is already on the decline since 2008 and it may be already very near to the bottom.
From the TA point of view, we are seeing $5 as a decent support level. The price may find it footing there and can launch some bullish swing back movement.
If the swing back occurs, it can go to $6.6 - $7 region. Just be careful.
DYODD, all the best and read the disclaimer too.
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Thank You!
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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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SGX SIA Engineering Neutralstock is in a wedge, depending on next movement, to long or short depending if it breaks above resistance or support
SGX MAN Oriental USD Shortstock in an uptrend and currently near support line @ 0.95 with potential to long @ 0.95 and stop-loss @ 0.925 and profit taking @ 1.20
MShort
SGX CSE Global Longstock in an uptrend and break its resistance line to form a new support line S1. Potential to long with entry @ 0.41 with stop-loss @ 0.375 and profit-taking @ 0.46
Long
Long
Long
S63 - new trend formation - possible bullish biasTarget as shown - with stop loss indication.
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 :)
Long
SGX Hong Leong Asia Longstock is in an uptrend with price near lower bound of uptrend channel. potential to long with entry @ 0.505 and stop-loss @ 0.475 and profit-taking @ 0.59
Long
SGX CityDev Longstock is in an uptrend with price near lower bound of uptrend channel. potential to long with entry @ 7.70 and stop-loss @ 7.42 and profit-taking @ 8.01
Long
SGX UOB Shortstock is in a side-way channel below mid point. short-term potential to short with entry @ 19.72 and stop-loss @ 19.99 with and profit-taking @ 19.24. Earnings report expected to be lower than normal on 6 May. If better than expected, to recover and if worst then expected, to drop.
Short
SGX SATS Neutralmovements depends on whether stock trend up or down in subsequent move. To monitor further
