SGX Hong Fok Longstock in narrow uptrend channel. likely due to better than expected result released on 28 Feb but overall market can down after that. After market recover, stock move upwards. Potential support line @ 0.7 and resistance line @ 0.84. Long position with stop-loss @ 0.7 and take profit @ 0.84
SGX Asian Pay TV NeutralEarnings reported to be announced on 28 Apr. Last earnings was -ve. If continue to be -ve, then likely will fall further. Otherwise, depending on earnings level, could go up. If earnings are above expectation, price could break above 0.135. Currently, there is a narrow sideway channel and price is in the middle of the channel. If price breach 0.135, next resistance level is at 0.165
SGX Mapletree Ind Trust NeutralStock on a overall down trend but now moving sideways. Earnings to be announced on 27 Apr and earnings expected to be lower than expected. Actual move depends on actual result announced. If results better than expected, price potentially going upward towards resistance line @ 2.50. If earnings even lower than expected low, then potential to go support line @ 2.38.
SGX Starhill Global REIT NeutralStock could be in a weak uptrend channel after breaking out from a sideway channel on 9 Apr. It could very well be another sideway channel.
Earning to be announced on 28 Apr. expected earnings to be lower. If true, then likely continue sideways movement. If earnings better than expected, potential to follow uptrend channel.
Suntec - bullish divergence on 4hrly (potentially on daily too)Suntec Reit could be forming a bullish divergence on the daily (need another day to confirm this).
Will be looking to enter based on the 4hrly (bullish divergence there as well).
Long as it starts going above 1.26 (with a stop just below 1.20) and looking to take short term profit around 1.40. (protect with trailing stops on the way up in case the market doesn't want to give that much profit!)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Ki
S63 - Is it possible in formation of Head & Shoulder?With the current oil crisis, market is in sort of jitters right now... this counter seems to follow the down trend (possibly) as well. Will the head & shoulder formation plays out in short term duration? or will it break out of the current formation and become bullish?
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 an
Mapletree Logistics Trust - Bullish divergence on 4hrly spottedBullish divergence between price and stochastic on the 4hrly. Long @ 1.66 with a stop just below 1.60. Looking for initial profit around 1.80. Let's see how it pans out.
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.
1H3 - short term bearish?Do you think the formation will play out nicely? if yes, prepare for a ride down as shown in the chart.
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 :)
Why I still have not consider buying Property stocks This was one of the most talked about stocks in our local forum. Many were saying how good it is and how cheap it was (months ago) and they went in at a bargain.
Forgive me for not able to furnish you more about the fundamentals but the chart failed to excite me at all.
Day chart - bearish
4H - slightly bullish but facing resistance
On the macro environment, you already know how severe the impact Covid-19 has caused the whole world to plunge, causing many industries to slow down drastically
SembCorp Marine (The Bottom is NEAR)View On SembCorp Marine (25 MAR 2020)
This counter is in free fall recently as it can be pretty related to Oil production.
Currently, the price has hit the upper band of multi-year support region from $0.45- to $0.69 and making a decent bounce.
It may fall back to the region again once this hope rally frizzle out.
Summary: Too late to short, and go Long slowly.
DYODD, all the best and read the disclaimer too.
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DBS - Back at key levelsCurrent DBS is supported with a weekly strong bullish trend that is heading up to test the key support/resistance level. If market actually breaks out on this level, stock price will go back to test $22.6 - $23 level easily.
Overall, It is expected to see price action to break the long-term trend with current economical issue.
Not to include fundamentals, if market breaks the trend;
Testing of $14 is expected before further downside of $13-$12.
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OCBC - Rising wedge!Consider it a Rising wedge or a flag/pennant (on longer timeframe). Both in my view are bearish formations in current context. Look out for the breakdown of the wedge. Target should be recent low atleast.
However, I also see a cup and handle formation, therefore, bets off if the recent high is taken out and goes above the wedge formation.
Disclaimer: Not a recommendation to buy or sell.
Mapletree Industrial Trust - Right Angle Wedge formationOdds are good that the breakup will be on the horizontal side of the wedge (at 2.49). I am looking to accumulate within this narrow end of the wedge (between 2.35 - 2.45). With a stop just below at 2.34 and if it does break up, I will be looking to take some initial profits at 2.59 (61% fib retracement of the recent plunge) and with trailing stop to hopefully take the rest of the profits around 2.77 (Gap Close there). Hope for the best!
Disclaimer: This is just my own analysis and opinion f
K71U - Singapore - 13% of gains aheadKeppel REIT a property owner of prime office buildings in Singapore seems to be tracing a minute wave c up that should push prices to 1.07, the most probable target. If prices go below 0.875 which is the low of minute wave b, this scenario should be void and chance are that minor wave 4 has already finished and wave 5 down is on the way. Keep tuned. Follow Skylinpro to receive updates.























