SGX Singtel LongStock is trading near lower bound of uptrend channel. If breach, next support line could be 2.70 while next reistance line could be at 2.82.
LongLong
Testing S&R lines for CMTHi guys, i'm trying to chart support and resistance lines. Am a noob here, do correct or give me suggestions on how i can draw these lines better! Thank you :)
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. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Long
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 analysis :)
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.
Long
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 :)
Short
Regular flat on its way to completion, not time to short yetSGX:BS6
YZJ is on its way to short but not yet. The sub-5th wave of the C leg must be completed.
Short
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. Property stocks is one of them. Ask yourself this question wherever you are staying - who are the workers working in the construction site ?
Foreign workers , right ? So in Singapore , where we depend so much on them to help us build the properties, be it residential or commercial, they too are hard hit now with the cover-19 . Singapore has order a circuit breaker to get everyone to stay at home.
They are now the latest victims of Covid 19.
So workers for property developers can't work, the work has to be halted. Developers have a certain time line to complete the construction else they have to pay a fine to the government.
Now, how about the consumers ? Are they actively buying ? Read here
Really, if I have loads of cash now, I will go scoop up some luxury properties as developers will soon dangle discounts or the heavily leveraged investors have to dispose some of their properties as they cannot afford to flip now with no buyers and serving the loan become a pain.
So, now you see the logic why hesitating to buy the property stocks (in any country really) can wait. No hurry.....
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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Long
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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Short
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.
Short
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 for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Long
DBS Flag / PennantDBS is trading in the flag / pennant. Lookout for the break.
Disclaimer: Not an advice to buy/sell.
Short
SIA time to short. This time it may be a downside. Dark cloud cover formation on Wednesday shows a clear indicator to short. Pennant formation more or less is confirmed.
Short
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.
Long
K71U (Singapore) - critical junctureKeppel REIT, a prime office REIT from Singapore seems to have finished the minor for correction up. If it doesn't cross the 0.99 mark, the path ahead should be in direction to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
Short
SGX:5WH Potential Short Setup - Day 3 testing 20MA resistance?CCI overbought @ 100
9 April 2020 - Potential Short Setup
Entry at previous day low - 1 bid
Stop loss at previous day high + 1 bid
SGX:C38U - Short Opportunity during Circuit Breaker periodNicely following the 10MA downward trend. Look out for opportunity at CCI(5) overbought.
Watch outs: Earnings report @ 22 April; likely to be pessimistic. Landlords will likely to reveal cautionary projections on dividends.
Entry @ previous day low - 1 bid
Stop @ previous day high + 1 bid
Potential risk reward 1.5
Short
Valuetronic clear to sell now.
Refer to the above post.
On 3rd of April, we believe that Valuetronics Holdings rebound may continue to the 161.8% extension level and price did travel to the level at 0.595, short of 0.05 of our target price. The price did have some reaction by selling down on Monday and based on the technical, the stock is set to continue its downside:
1. The stock had a sell down at the supply level confluence with the 161.8% extension level of 0.530-0.435.
2. Price action indicate that the stock has completed the bearish flag.
3. Evening star formation at the top of the flag and 161.8% extension level.
4. Death cross is still valid with prices trending way below the 50 and 200 Moving averages.
5. Stochastic Oscillator shows an overbought crosses above the 80 overbought zone.
Short
SGX Breaks out of the long term triangleSGX has broken out and has been very strong. While most stocks trading below 50% retracement levels from the previous highs, SGX has already taken out the previous high and now looks like headed higher.
Disclaimer: Not an advice to buy or sell.
Long
WILMAR (F34) - Opportunity to BUYHey everyone, here's the analysis on Wilmar, if you found this insightful, please like and leave a comment on ideas you would like to see next!
Summary:
As illustrated by the yellow dotted lines, I am expecting a drop in current price to zone 2 at the 3.22 area highlighted in green, before moving higher to our resistance zone between 3.73 - 3.81.
Action:
Buy Limit: 3.22
Stop Loss: 3.00
Take Profit: 3.73
Analysis:
Zone 2 is in line with a key level on the weekly chart and the 38.2% retracement. If current price holds well above zone 2, it could rally to zone 3 highlighted in red, between 3.73 - 3.81. The resistance zone 3 is a key breakout zone, hence we will not play a move beyond that.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Long
UOB (U11) - Key levels to BUYHey everyone, here's my analysis on U11:
Summary
Price could drop lower to zone 1 between 13.18 - 14.24 before a bounce.
Action:
Buy Limit: 13.18 - 14.24
Analysis:
3 of the green zones highlighted above are support zones where we could see a bounce in price. Currently, given the situation that we are in with the Covid-19 outbreak yet to reach its peak, I lean towards seeing a further drop in price from its current level to zone 1 at 13.18 - 14.24 before a bounce, as illustrated by the yellow dotted lines. If price breaks below the key zone at 13.18 - 14.24, it is likely to test zone 2.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Long