UOB is testing resistancePrice is testing our first resistance in line with our horizontal overlap resistance where we could see a reversal below this level.
City Dev approaching resistance, potential reversal Price is facing bearish pressure from our first resistance where we could see a reversal here. What are your thoughts on this?
ISDN (SGX : I07) LONG Result released with positive guidance, strong demand will continue.
Last 2 day with low volume, let it consolidate for a week or 2.
Trading strategy for PropnexWaiting for a breakout confirmation to happen before doing my safe entry trading
Keppel Corp facing bearish pressure Price is facing bearish pressure and a test of our sell entry in line with our previous break out level could present an opportunity for a short.
Singapore Airlines finally might see an uptrendSIA stock might see and uptrend after breaking out of the falling wedge resistance.
Might reach recent high if the momentum continues.
The RSI also indicates oversold with RSI dipping to 30.
Disclaimer: Not and advice to Sell or Buy!!
DBS facing bearish pressure Price is facing bearish pressure from our descending trend line, a test of our sell entry could see a reversal from here.
Great Singapore Sales on D05 (DBS), we wait for a better price.SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet.
The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45
Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock.
My personal call:
Buy Order Limit at $19.50
Stop Loss at $18.80
Take Profit at $22.09
Optimal Profit at $23.50
Risk Reward ratio = 5.8R
Good Luck.
Disclaimer:
This call is for education purposes only, lot sizing is totally up to your risk appetite.
As usual, I would recommend shifting your Stop Loss to your Break Even level once your position is in the profit zone.
Always master your risks and your profit will come naturally.
5UF trend analysisHad a good earnings report, paid dividends, now back to the uptrend, if breaks 0.137-0.138 should go to 0.16-.0.17 level
Stop loss if breaks below 0.126
UOB Short PositionUOB Q2 Profits and Dividends Cut. Short position taken
M: Downtrend
A: Resistance
E: Bearish outlook and candle stick pattern
E: SL 19.70 RR 1.50
Entry Price: 19.45
DBS Short PositionDBS Q2 Profits and Dividends Cut. Short position taken
M: Downtrend
A: Resistance
E: Bearish outlook and candle stick pattern
E: SL 20.20 RR 2.74
Entry Price: 20.8
Silverlake Axis (SGX: 5CP) LONGTechnical:
Strong close at .32 for 5 Aug 2020.
Awaiting breakout.
Upward momentum is strong.
OCBC approaching support, potential bounce Price is approaching support where we could see a bounce above this level. That said, we do caution the limited upside in prices a price is still holding below our descending trend line.
YOMA - waking up yet?YOMA has been trading in a symmmetrical triangle pattern for 5 weeks now. A symmetrical triangle pattern is generally a "trend continuation" pattern (of the prior trend which was up in this case). Hence I would give it another few days to a week to see if it could break up with renewed momentum.
Long @ 0.300-0.305 with initial stop @ 0.29
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.
Key levels to watch on City DevPrice is testing a key support area, a break below the downside could open room for a further drop. Alternatively, we could be seeing a push up to test our descending trend line and resistance before a reversal.
UMS (SGX: 558) LONGOverall:
1.Semicon themed stocks are in play
Fundamental:
1.Expected improved company growth and earnings despite COVID-19
2. Management generous in their dividend payout in the past
3. High net margin (30%)
Technical:
1. Broke and sitting at resistance of $1.
2. Uptrend for both 50MA and 20MA
DBS ShortShort DBS:
Fundamental:
1. Dividend cut
2. ECL loss expected
3. NIM compressed
Technical:
1. Price break 50MA
2. MACD downtrending
3.Gap down on 30 Jul 2020.
Target $17
SIA - The New Normal of Airline TravelFlying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment.
As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul forward bookings for the first week in November 2020 are 59% below normal levels.
Furthermore, unless SIA defers some of its aircraft deliveries, it is likely to require further funding in FY22.
What's next for SIA?
