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?
Potential Long positionLower time frame shows a price rejection with a bullish inside bar for lower prices before the day ends on 30 July. Price is also currently along with the ascending triangle with higher lows since April. It is now on the previous resistance turn support price and it is possible to wait for further confirmation on long signals when price crosses the retracement trendline. Alternatively, if individuals feel it is an opportunity and there are enough multiple consensuses to long, one can choose to buy at the current price of 19.77 and set their stop loss at 18.47, if a long position is a success, exit trade at $23.94 or as long as price falls below 10 EMA.
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.
DBS - BREAKDOWN & GAP DOWN1) This news contributed to the sell-down
www.bloomberg.com
2) I said previously to trade in the direction of the breakout in prices
3) Do not long until a bottom pattern has been reached, which could be as low as $13.60
DBS breaks support. Expose 19 Zone.DBS breaks 20 level support
Gap down with heavy volume.
Retailer Chip increase.
Wait for reversal signal near 19 Support zone.
AP4 - Riverstone Ascending TriangleThe ascending triangle has formed, Riverstone heading to possible breakout. Let us await a positive trading signal at 3.80!
DBS keeps breaking down in small steps...Really painful to see a large (relative to Singapore) bank break down slowly like that...
Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago).
It is possible for a short bounce to 20.80 now, but downside bias remains, probably to continue after a bit of consolidation, if at all.
As DBS is a main component of the Strats Times Index, STI, there is correlation in the apparent weakness.
Singapore Airlines at lowest post 9/11I'm not sure what happened on January 1, 1993, but on that day Singapore Airlines saw its first jump over the $3 range. Now trading at $3.53, I don't see the Republic of Singapore giving up on this flagship brand. Strong buy for long term. 2020 Q1 Earnings report may create a further dip on heading into the weekend.
Wilmar breakout from Rounding bottom with VolumeCompleted a rounding bottom pattern.
Breakout with volume.
Potential Rounding bottom first target 5.3
