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Long term trade aligned with technicalsThe tailwinds are obvious - Singapore is gradually opening up to other countries. Airlines and travel industry is going to receive a lot of support (both consumer, government and businesses) and recover from covid eventually. Singapore Airlines is one the best international airlines in the world and is a safe long term play. The stock price is consolidating with a triangle pattern and a bull flag formation. Coincidentally the next leg up is about the same length of the bull flag pole. Current price of $4.28 is a good entry price. Also has a good chance of breaking the weekly trend line at the top and return to pre covid levels to the $8s. This could be a slow gradual long term rally.
SGX:C6LLong
by trilliondollar
LONG SIA, reclaim of 200ma and bullish consolidationAs we can see, it has been in a prolonged downtrend since 2019 with the 20day ma acting as resistance for the 8 day ma. But alas, the 8day ma has reclaimed not only the 20day ma, but also the 200 day ma, and is now consolidating nicely. this is apart from the bullish divergences and hidden bullish divergences previously which fuelled the 200ma reclaim. The idea is a long so long as the 200ma holds. Stop loss should be a daily close below the MA to avoid stop hunting.
SGX:C6LLong
by charlielmao123
Should you sell the bank stocks ?Just search through the internet daily and you would find plenty of trade calls on buy and sell stocks, be it an article, video or podcasts. So, I can understand the confusion for new traders/investors. Who do you really listen to ? I too, suffered this "blind follow blind leaders" syndrome when I first started, made lots of illogical and silly mistakes that could be avoided but nevertheless it happened. So, like they said, one has to pay tuition money to learn from the market, haha. My 2cents prediction for DBS bank is it is likely to hit around 30-32 dollars before we see a downturn. That means those who picked up at 16 in March 2020 would benefits the most. From the chart, we can see the historic patterns of DBS Bank. It is going through a stage of consolidation between 8 to 21 dollars since 1998. This is a long term pattern that we can see and notice it has recently (Nov 2020) breaks out from its long term resistance level at 21.48. So long as the price stays above this level , I am inclined to think the probability of it hitting beyond 30 dollars is higher. Thus, I hope this gives you more clarity if you should buy or sell this stock. It really depends what kind of time frame you are looking at. Those that are advocating you to sell may not be entirely wrong if they hold a shorter time horizon and those that urged you to go long may be in for the long haul. The question to ask is, which time frame are you looking at ?
SGX:D05Long
by dchua1969
4
Is time on your side ?When we look at investment returns, we need to be clear on a few things ! 1. Timeline of investment - that means the time frame you are looking to make your returns on investment. Is it 1 year, 5 years or 20 years? So, when I asked this questions to many friends, they answered as a matter of fact - Of course, the sooner the better. Fair enough but how about the risks ? 2. RISKS - so if you want fast returns , can you also stomach the risks ? High returns and low risks in short time frame ? It does not make sense so if anyone offers you that, think thrice. Yes, I heard the people behind shouting they made millions in Cryptocurrency. For every one million made, multi millions are lost as well........... Thus, when we look at SIA chart for instance, we can potentially spot 3 likely secenarios - 1. last candle shows a doji pattern which means more buyers than sellers so a rebound is in sight. 2. move sideways 3. break down from the support and head down to close the gaps. Now, if you are a trader, then the above options become crucial information to you since you are likely to either buy or sell this counter at any one time. But, if you are a long term investor, then this short term price fluctuations will be less significant to you. Other good examples include BABA, Tencent, BAIDU, etc recent tumbling of share price. You have the fundamentals of the company to rely on or should I say, use it to assess its future performance. Therefore, you have a margin of safety over the short term traders in that sense. So, in short term, you may buy at current price and suffered paper loss should it tumbled down to 3.40 level. But, in the long run, you are more likely to make profits compared to the short term traders who go in and out of this stock. Their need to analyse the price action correctly becomes KEY in their decision making. Also, dun forget that even if it bounce up now , it can retreat just as quickly and we called this a false trap to attract the early bulls. There are so many ways the big boys can manipulate the chart if they want to. Unless you are privy to such information, the chart analysis will still have a certain % of errors especially in the shorter time frame. Someone who finally saved enough money and is now actively trading or investing in the stock market hoping to catch up for the "missed opportunities" in the past is more vulnerable compare to a young grad who has minimum capital . The latter has plenty of time to play catch up so long as he starts saving and contribute a portion to his investment pot. The compounding effect works to his favour over time! The senior may have larger capital base but he runs the risks as well if he blindly follows the trend to punt on cryptocurrency which had burnt one too many traders. Or he hopes to make faster returns with bigger position size. Now, all these are part of risk management and is extremely important that one understand well before placing a trade . I urge all to spend some time to understand your investment objectives, time frame of investment , size of capital allowed to invest, risk tolerance, etc before hurrying to place your trade or searching frantically for the next trade idea, be it currency, index, commodity or even shares of companies.
SGX:C6LLong
by dchua1969