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
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
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% retr
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
Venture Corp (V03) - Key levels to BUYHey guys! Here's my view on V03:
Summary
I will place a BUY limit at the second support zone 9.93 - 10.58.
Currently, we are seeing a nice bounce from the 1st Support Zone and it could push up to the 1st resistance zone at 16.45 - 17.00 before a drop to our 2nd support zone.
Action:
Buy Limit: 9.93 - 10.58
Stop Loss: 8.50
Take Profit: 20.47
Analysis:
Nice bounce off the 1st support zone now and it could rise further to the first resistance zone in red before a drop.
IF price breaks the 1
CapitaMall Trust - Tweezer bottoms with Bullish divergenceCapitaMall Trust tested a significant support between 1.48-1.50 yesterday and today it formed a pair of tweezer bottom reversal candlestick with bullish divergence on the RSI to boot. Going long on this guy and looking for an initial target around 1.90 (the recent high). However I will be putting an initial stop loss at 1.47 and protect any profit with a trailing stop just below the previous day's candle.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade a
Hong Fok (A Short Covering Rally is taking place)View On Hong Fok (6 APR 2020)
After the huge fall in 2019, this little use-less counter is finding some value and it is making a comeback.
We can say it is a short-covering rally.
It can rise to 0.65 or even toward 0.69.
Do not short as it may drift higher first (or) you can go in the LONG side with great caution.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on marg
DBS (D05) - Key levels to BUYHey guys! Here's my view on D05:
Summary
I will place a BUY limit at the second support zone 11.52 - 12.40.
Action:
Buy Limit: 11.52 - 12.40
Stop Loss: 9.90
Take Profit: 16.90
Analysis:
Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red.
IF price breaks the 1st support zone, it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there.
Alternatively, you can also look to play the bounce
Ausgroup - Potential Double Top Long bearish candle
Double Top pattern
Oil price drop due to OPEC & non OPEC disagreement - Potential drop to next level @ 0.2
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 :)
5Short
Frasers Centrepoint Trust - mini double bottom at 1.75FCPT sold off heavily today and retested 1.75 today forming a mini double bottom. This is also the 50% fib retracement of the bigger uptrend from 2009-2020. An aggressive entry would be to enter as soon as it retested 1.75 and starts to rebound. However a more conservative entry is to wait for some "confirmation" that the low is in, which means to wait for price to go above today's opening price at 1.86 before going long. Stop loss should be just below 1.65 (a major horizontal support). Sho
SGX:SIA - A very long descending triangleI dont like where SGX:C6L Singapore Airlines is heading. This is a very very very long descending triangle. SIA might have bottomed here or it might be facing tougher times ahead. I am leaning toward the latter and I would not catch a falling knife right now. Until there's a clearer picture, i would stay away.
Genting Singapore Limited - AnalysisSTOCK IN FOCUS: GENTING SING
As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated Resorts in Singapore. With noticeable absence of foot traffic, we can expect revenue to drop. A pick-up of tourism is linked to the reco















