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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
Top Glove (To be calm is the highest achievement of the self!)View On Top Glove (17 Aug 2020) Top Glove was a strong bull trend and we believe the main bullish trend is still intact. Now we are experiencing a typical pullback. It can go down $6.5 region or even $5. But overall it is still bullish. Time your entry well.. 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.
SGX:BVA
by SonicDeejay
2
iFast (It drops Fast too)View On i Fast (7 Dec 2020) What a drop! We are seeing a sharp rise in the today volume as well. It is a sign of a lot of SL get triggered. You need to be careful with buying in. You might get lucky but the risk are there too. So, be very careful with buying in right now. $2-$2.4 will be the strong support 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.
SGX:AIY
by SonicDeejay
<TradeVSA> Cosco - increasing momentum1. Accumulation stage - low volume with narrow spread bar - 20/40 MA golden cross spotted -incresing price and volume trigerred green pentagon 2. Mark up stage - gap up with increasing volume -price well supported above the gap -price sideway approaching 20 MA , support formed around 0.255 3. Daily COC formed -three narrow spread bar with low volume formed -followed by green pentagon with increasing volume - Line Change signal and No Supply signal appeared , ready for next mark-up Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
SGX:F83Long
by MartinTFWong
1
Riverstone Long Towards 1st Targetted ResistanceFollowed up to my Post on 28th Dec 2020 regarding on Riverstones, my views and ideas on it. Fundamental Analysis Upcoming 2 quarters should still deliver record high profits. High Fair Value price given by Analyst : 1) CGS-CIMB : 2.500 2) DBS-RESEARCH : 2.030 3) RHB INVEST : 2.730 4) UOB KAH HIAN : 2.990 Technical Analysis Mentioned Strong Support at around 1.11 area on 28th Dec 2020, my own view of 1st Major Resistance Point is around 1.41-1.44. Can Take Some Profits to Protect Capital. However, fundamentally, remain extremely strong. And personally believe will towards 2nd Major and 3rd Major Resistance.
SGX:AP4Long
by LMTAN
Riverstone Long at Major SupportFundamental Analysis Upcoming 2 quarters should still deliver record high profits. High Fair Value price given by Analyst : 1) CGS-CIMB : 2.500 2) DBS-RESEARCH : 2.030 3) RHB INVEST : 2.730 4) UOB KAH HIAN : 2.990 Technical Analysis I think the right question to ask right now is has Riverstone bottomed? From chart perspective wise, I believe Top Glove has hit major Support Area. I would like to treat Support/Resistance as an Area rather than a Line. We could see further downside pressure if it breaks therefore cut loss is important. I used Low of the Strong Support 1.06 - 1 ATR (0.07 for the date i drew the graph) = 0.99 (My Stop Loss Point)
SGX:AP4Long
by LMTAN
<TradeVSA> SunPower Continue Mark-Up Stage after PullbackSign of Strength: 1. Accumulation with low volume and narrow spread bar 2. Green Pentagon with increasing volume 3. Pullback with no major weakness 4. Recently Green Pentagon indicates continuation of the trend Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
SGX:5GDLong
by MartinTFWong
Long term view of SIAI was bearish on travel and tourism related shares globally since my early posts on SIA, Cathay Pacific, Delta Airlines, Boeing , etc. Now, I am cautiously bullish on airline stocks and some related tourism stocks which I will cover them shortly. For SIA, it does not have the benefits like China where it not only recovers fast from Covid-19 but it has large domestic markets where the locals and travel from one province to another. Singapore is way too small for that ! It's survival depends on the global travellers from across the globe that come to Singapore for business and holidays. Read how bad its business has suffered this year ! But the government has recently announced travel bubble between Singapore and Hong Kong. Read article here And to see how much people want to travel, the tickets were sold out within a day !!!! Now ,the government is looking into forming travel bubble with South Korea, Japan and Thailand. With the school holidays coming soon and the excitement and relief that people are awaiting for the vaccine for Covid-19, this might help SIA share price to pick up much faster than expected. However, a word of caution, the global travel market is still weak and many logistic issues have yet to be sorted out - testing for Covid, visas application , if needed, and many more. Therefore, if you are keen to buy some shares of SIA, you are in some way, picking it up at bottom price. I am not certain if it will hit the 14 dollars peak in year 2000, that seems like a tall order. At 4 dollars now, I am considering it to hit 8 dollars in the next few years. My position size would be small for a start as I need to monitor the situation. There are other tourism related stocks that , imo that offers a better rate of returns.
SGX:C6LLong
by dchua1969