Riverstone - uptrend intactAfter about 2 weeks of consolidation, Riverstone formed a bullish divergence last Friday, confirmed upon the stock trading about last candle high @ 3.26 today. More upside to go. The trend is your friend!
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.
<TradeVSA> Continuation on Mark-Up stage. UMS (558.SG)Strength signal in the chart:
1. Green pentagon high volume
2. Re-accumulation
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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
DBS - LongCurrently on a bearish trend, coming close to the resistance line of around 20.41 If it break out and move upwards, we should see a upside of around 21.70 around 10 Sep 2020.
30 Oct would reach around 23.30 where we will test the next resistance.
factors that may impact its performance.
Pros
GSS
How fast the programs implemented by Government / STB to stimulate spending
Additional Stimulus if provided by Government to jump start the economy through programs / grants
Cons
Global economy trade impacted due COVID19
US & China rising tensions
increase in defaults on the corporate side.
Ascott Trust - Falling Wedge Pattern (approaching apex?)A Falling wedge pattern has a good odd of breaking out to the upside eventually. This wedge has been forming over the past 6 weeks and is getting narrower towards the apex. Long now @ 0.96 and patiently wait for the upside break or wait to long as soon as it breaks.
Support is currently at 0.90-092
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.