SGX, Long Price bounce of recent low 8.52. Strong candlestick Break 9 Should see price heading towards 9.32 Consider accumulation between 8.80 - 9 Longby jcylcharts0
Wilmar is approaching support, potential bounceA test of our buy entry could see a further bounce above this level to our take profit target. Longby lixing_gan2
Bullish Expectations: Broke out of Trading Range (JAC)Sembcorp Ind (U96) traded above its consolidation range (JAC) today. A summarized analysis, we noted that supply has been weak throughout the 21 days range. We also noted that an early spring on 29 Sept. On the other hand, demand returned near to the end of the range, with Sign of Strength (12 Oct) and JAC today (15 Oct). Here's our plan: Entry: On Open Target Price: S$1.55- S$1.60 Stop Price at S$1.31 (Below HVN Level) Trading Stop: 7D SMA Fundamentally, company may be expecting more solar related projects.Longby Brandon_LeuUpdated 3
DBS: Triple Tops or Bullish Triangle Breakout?SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout. Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it. As at today there is no LL yet and overall still Buyer in control. Here is my personal call: Buy Stop at $21.65 Stop Loss at $21.30 Take Profit at $23.00 Risk Reward Ratio = 3.97R Potentially, you can buy yourself an iPhone 12 Pro Max 512Gb by end of the year, if you place 1 lot on DBS. Good Luck! Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.Longby machintose0
Buy upon price break the resistance topISDN has clearly invalidated the head and shoulder formation after prices fails to test and breaks below the neckline resistance at $0.340. Hence we are betting on the odds of prices breaking the triangle top. Longby William-tradingUpdated 0
Citydev Range Trading From technical point of view, should see price consolidation between $6.80 - $7.10. Look to trade within the range. Long on valuation perspective 1) Sell off due to Director resign on disagreement over Sincere Property Group & Millennium & Copthorne Hotels 2) Concern not new, review from External Financial Advisor might help to ease concern 3) Based on 1H20, Cash holding at SGD 2,392,024,000 ( Cash per share S$2.63) 4) NAV @ $11.66/ share by jcylcharts1
SGX is approaching support, potential bouncePrice is approaching our support in line with our trend line, 61.8% retracement, 127.2% extension and horizontal pullback support where we could see a bounce above this level.Longby lixing_gan1
OCBC is approaching supportPrice is approaching support where a test of our buy entry could see a bounce above this level. Longby lixing_gan1
YZJ Long1) Price reject MA200 on the 4hour chart 2) MACD bullish crossover from the oversold region 3) RSI attempt to breakout 50 4) Fundamentally, trading at attractive valuation - Strong net cash of RMB 4.4 Bil (S$0.22 per shares) - Annually dividend estimate 4.3% (annually in May) - P/B 0.633 - P/E 7.6 x 5) Coming up results on 4 Nov Accumulate bet 0.95 - 0.97 Longby jcylcharts1
DBS Short1) Price attempt to break out 21.55 on 13/10/20 with day high at 21.65 2) Double bottom formation (suppose a bullish reversal pattern) with key Resistance at 21.45 3) MACD Histogram indicate losing momentum 4) RSI fail to stay above 70 5) Fundamentally: quarterly dividend might be a disappointment, usually in Nov. Short 21.49 - 21.65 Stop loss 21.86 Shortby jcylchartsUpdated 441
DBS set to aim higher should it break 22.00DBS is set to clear higher after breaking 22.00. The double zig-zag wave is setting the clear pathway to 24.00. Longby William-trading3
Riding on the China Wave I recently took a small position in this company after having missed a good entry at 3.40 some months back......... Read this article here If you understand the Chinese food culture, you would then know that cooking oil is a necessary ingredient in many cuisines. What's not to like, it has a reputable brand name that many households are using (another sticky point that I like). 4.37 is a relatively strong support and yesterday plunge was a good entry for those who are keen to consider going long. Longby dchua1969Updated 111
Wilmar (F34.SI) Long 1. Recent pull back is a great discount. 2. TP 4.64 aggresive can consider 4.75 (covering gap)Longby reyesnowen999990
ThaiBev (Attitude is everything)View On ThaiBev We are seeing potential massive unloading near 0.62-0.65 region and we may see BIGger drop soon. So, it is better not to buy in at all at this moment. As long as the price do not overtake $0.655, we will not turn bullish again. It is the make (or) break region. It can go to 0.55 or even $0.525 region. 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 margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. 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. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. by SonicDeejayUpdated 113
Genting is approaching support, potential bounce! Price is approaching support where we could see a bounce from hereLongby lixing_gan2
SGX is approaching support Price is approaching our buy entry and a test of our buy entry could present an opportunity to buy. Ichiomku cloud is showing signs of bullish pressure as well. Longby lixing_gan2
Key levels to watch on Keppel, potential for more upside! We could be seeing room for more upside to our resistance target at 4.91. A test of our support at 4.28 presents an opportunity to go long. That said, I want to caution the absence of any ascending trend line which would make the setup clearer. What are your thoughts on this?Longby lixing_gan3
$C6L Time To Load Up Shares On This National CarrierTechnical Analysis Currently, $C6L is trading within a Descending Channel chart pattern, where it has been making a series of Lower Highs and Lower Lows since 23/3/2020. As of 6/10/2020, the price closed at $3.500, at an area within the Descending Channel. We notice that recently, on 23/9/2020, $C6L has made a Higher Low, with reference from the Low preceding it on 4/8/2020. If we take a look at historical Higher Low formations within the current Descending Channel - where I have marked these points in dotted lines , we notice that every single time a Higher Low is formed, they will only form after touching the slope of Lower Highs, but never before . Not until 23/9/2020. You may be thinking now that this could be a sign that $C6L is about to make a new Lower Low again. However, I highly doubt that is the case. From a technical perspective, based on case precedents, whenever $C6L touches the slope of Lower Lows as seen on 23/3/2020 and 20/5/2020, without fail, $C6L will revisit the slope of Lower Highs. As such, the Lower Low of 4/8/2020 will likely be no exception. If we look at the Elliot Wave Principle, we are currently in a period of Corrective Trends A, B, and C. Dominant Trends 1 to 5 have already been formed during the period between 23/3/2020 and 4/8/2020; while Corrective Trends A and B have been formed on 25/8/2020 and 23/9/2020 respectively. As such, we are now likely in the midst of forming Corrective Wave C, which will bring $C6L up to a minimum of $3.990. In this sense, the premature Higher High would make sense and we are now just waiting for Corrective Wave C to be formed. If we look at the situation of Singapore Airlines (SIA) and the general gravity of COVID-19 in Singapore, it is looking fairly optimistic. On 5/10/2020, SIA announced that by end-December, it will reach about 15% of its pre-COVID-19 passenger capacity. Compared to the announcement preceding it on 2/9/2020, where SIA announced that they are looking at around 11% by end-November, this is an increase of 4% in projected passenger capacity within a month. On the COVID-19 aspect, the number of new cases daily has been fairly stable, where there has been an average of less than one to one new daily community cases and unlinked cases in the past 2 weeks. The Government is also looking to implement Phase 3, with details of Phase 3 to be released in the coming weeks. This signifies that overall, Singapore has been coping well with the COVID-19 situation. As such, based on all the factors mentioned, I have the conviction that Singapore Airlines will pull through this crisis and come out stronger. Entries, Price Targets, Stop Losses The best price for entries would be within the Loading Zone I have indicated in the graph between $3.310 and $3.510, which is near the converging point of the Symmetrical Triangle. The price target would be $3.990, the minimum price which Wave C will bring $C6L to. I expect this to take at least 1 to 2 months to reach. As such, this is a very long game that we are playing, but with a very good risk to reward ratio. If you don't have other stocks you are eyeing on as an investment and you have some excess cash in the bank, this is a decent company to invest into and check back once a month. Of course, I also have positions in this company from a few months back, at an average cost price of $3.652. I have held the stock to the lows of $3.200 and I have also held it to prices where I was seeing profits. I plan to continue holding it at least until $3.990 because my conviction that SIA will pull through this crisis is strong. My stop-loss for this particular analysis is $3.250, but personally, I am ready to hold it to $3.000. However, based on the current COVID-19 situation and SIA sentiment, it is rather unlikely that it will visit $3.000 without any serious COVID-19 situation deterioration. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise. If this post has helped you out in making your investment/trading decision, give it a huge thumbs up, and follow for more updates regarding this ticker symbol!Longby UnknownUnicorn6361804Updated 3