Mapletree Com Trust - will it complete an Inverted H&S?Inverted Head & Shoulders would confirm upon a daily close above the neckline at 1.90. When this happens, I would enter with an intial stop loss just below 1.80. Should the trade works out, I would scale out partially around 2.09 (possible horizontal resistence there) and protect with trailing stops to ride the rest to about 2.30 (Inv H&S target is at 2.35).
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
CapitaMall Trust - Bullish divergence on dailyLong immediate at 1.72 (with stop loss just below 1.65) and short term upside to 1.89.
There is a chance an inverted H&S is setting up (longer term bullish if confirmed). Will revisit when it gets there.
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.
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 c
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 disc
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
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