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$C6L Swing Trade AnalysisIn this post, I will be going in detail with regards to my view of $C6L from a technical perspective. As of the time that I am writing this post, $C6L is trading at $3.560. I am fully aware that, right now, it may not be the best time to invest in the airline industry due to the uncertainties that surround it. We do not know when a vaccine will be developed, we do not know when a newly developed vaccine will be available for the masses, we do not know whether $C6L will be able to survive the crisis, we do not know whether there will be a new wave of COVID-19 infection, we do not know when international travel will resume, we do not know how long it will take before travelers overcome the fear of getting infected and start traveling in the future. I can write a whole list of reasons why investing in C6L, or any airline company right now is too early. As such, currently, I am bearish on $C6L as long as international traveling is not widely allowed and COVID-19 vaccines are not available for the masses yet. However, despite being aware of all of the above, I still have small positions in $C6L which averaged up to a cost price of $3.652. This is a very long term position that I entered with money that I am comfortable with losing. The reason I did so was that after doing my own due diligence, I strongly believe that $C6L will be able to pull through the COVID-19 crisis because of its strong fundamentals and the financial backing that Singapore provides to the company. Singapore will not let $C6L go under. Of course, this is a very speculative play on my part, so I hope that before you enter into a position into $C6L, think twice, and ensure that you are able to stomach the potential downside that any airline industry investment can bring during such an uncertain period. Technical Analysis I believed that I have broken down the technical aspect of $CCL's chart quite clearly in the candlestick chart above, but just to emphasis on a few things: 1. I strongly believe that if the support zone that I've marked with a star is breached + if everything else remains status quo, or possibly, gets worse, we will definitely revisit $3.200. If the situation remains the same or worse after the retest of $3.200, we will undoubtedly breach it and enter the $3.000 zone and beyond. As such, I believe that right now, we are at a very crucial level from a technical perspective. 2. This is similar to the first point, but I want to emphasize that the upside potential for $C6L is bleak. All, if not most of the movements towards the upside will be extremely dependent on the news releases. Furthermore, even if there are news releases that positively impact $C6L, the upward movement will not be sustainable unless the news is related to confirmation of vaccines being successfully developed and distributed, or if it is regarding a widespread resume of air travel. 3. I believe that currently, should COVID-19 eases and the demand for air travel rises, the fair value of $C6L will be somewhere between $5.500 to $6.000. So, if prices of $C6L push up, my profit target will be right around there. 4. Lastly, I believe that an optimal entry price will be whichever price that $C6L is at when news of vaccines is made available in Singapore (or when there is a news release with a similar impact scale-wise). However, there's also the saying that "Time in the market beats timing the market". As such, you can still enter a small position at the current market price and slowly average down/up; but that is provided that you are able to stomach the possible downside that has still yet to come. 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, do it give it a like, and follow for more updates regarding this ticker symbol!
SGX:C6LLong
by UnknownUnicorn6361804
Wilmar - Half Empty or Half Full?Wilamr gapped down a hefty 10% after a major shareholder announced that it was planning to pare it's stake amounting to about 2.68% of the issued share capital (a large sum of about $500m). It traded as low as 4.31 before rebouding a little to about 4.37 now. There are a confluence of 3 supports between 4.35-4.38 region (a horizontal support, trendline support as well as 50% fib retacement here). Could be worthwhile to test some longs here for an eventual rise to 4.75 (gap fill). Initial Stop Loss @ 4.29. Should we get stopped out, I will relook it as it approaches the 61% fib retracement level @ 4.20. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
SGX:F34Long
by Juliac
4
RiverStone SGX (Pump And Dump, SG Style)View On River Stone (4 SEPT 2019) This is going to be an another classic example of Pump And Dump. Reaching $3 shall be easy. 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:AP4Short
by SonicDeejay
I will skip this counter for nowSomeone wanted to know about this counter, CAO. They are dependent on the recovery of the global aviation industry and at present, the entire industry is still very weak. There are analysts saying that traveling may not return to the pre-Covid 19 days. I can't foretell but looking at the chart, I will not be keen. 1. it is still on a downtrend since 2017...... 2. there is a support at 0.49 so if the price action over the next few months cannot break out of the bearish trend line and reverse instead, then it is likely we see it revisit this level again. 3. current litigation unresolved 4. Profitability and revenue not strong Therefore, I will not be keen on this stock for now.
SGX:G92
by dchua1969