Singapore
STI - Singapore - poised to deliver 15 to 25% during next 10daysSTI finished a primary degree contracting triangle pattern that should initiate a long path upward from here. It seems to be tracing a 5 wave move up that will form a minor wave 1 pattern. Currently we should be beginning a minute impulse wave 3, the strongest of the impulse waves that should deliver from 14 to 24% returns up to the next 10-15 days. Price-to-book ratio also confirms the pattern. Time to catch it ! FOLLOW SKYLINEPRO TO GET UPDATES.
C61U - CapitaLand Singapore - wait to short in wave 5C61U seems to have finished minuette wave 3 down. If this is the case, prices should go up to the level of subminuette 4 and after that there could be a good opportunity to short this prime office REIT from Singapore while it's on subminuette 5 down.. Keep tuned ! FOLLOW SKYLINEPRO TO GET UPDATES.
Maybank is interested to test The main Trendline @ RM6.5It could be the best price level to buy and to keep for a few years.
The economy is not collapsing yet,
just a little hiccup caused by a global pandemic
But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
C61U (Singapore REIT) - last leg of triangle before new lowsC61U is tracing minuette wave E of a contracting triangle that will complete minute wave 4. The most probable target is at 1.54. After this prices should fall to new lows during minute wave 5 down. FOLLOW SKYLINEPRO TO GET UPDATES.
K71U (Singapore REIT) - last leg before path to new lowsK71U is finishing minor wave 4 up, but there is still on more small leg up to complete it. When complete this prime office REIT price should trace a down path to below 0.79. If price move touches the 1.14 level this scenario should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES
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.
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.
German Stock Index DAX (The DEAD CAT is here)View On German Stock Index (26 MAR 2020)
A nice bounce is underway and we seeing this a brilliant short-covering mood.
The virus issue is far from over. So, the market still can face further downside risk in the near future.
For the time being, it can go to 10,500 and 11,000 regions as a typical retest first.
DYODD, all the best and read the disclaimer too.
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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.