Wilmar testing resistance, potential reversalPrice is testing our resistance in line with our 61.8% extension and 78.6% retracement where we could see a reversal below this level to our take profit target.
Thai Bev - Long for the next swing upThaiBev is setting up a bullish divergence. Long at 0.69 with initial stop at 0.665 (just below recent swing low @ 0.67). Looking for an initial target of 0.735-0.74 to scale out partially. Trailing stops upwards if it can clear 0.74 for the next target @ 0.800.
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 facing bearish pressureFor SGX, I am seeing limited upside before it reaches our sell entry, in line with our 50% retracement and previous breakout level where we could see a reversal below this level.
SingTel approaching support, potential bouncePrice is facing bullish pressure from our buy entry in line with our ascending trend line, 50% retracement and 100% extension and a pullback to our buy entry could provide a good opportunity to go long. RSI is seeing a bullish breakout as well.
keep it and BUY MORE if we cross the blue line OCBC BANK : will continue to rise in the coming days, I advise you to double your investment after crossing the blue line
DBS - BREAKOUT BUY SIGNAL TRIGGERED- Buy signal at $21.00 has been triggered as shown by the red circle
OCBC facing bearish pressure Price is facing bearish pressure from our resistance in line with our 78.6% extension and 23.6% retracement where we could see a reversal here.
Keppel approaching resistance, potential reversalWe could see some upside in price to test our sell entry in line with our 61.8% retracement and 61.8% extension before a reversal.
CITYDEV testing support, potential bouncePrice is facing bullish pressure from our ascending trend line, 50% and 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
Riverstone - Ascending Triangle PatternAscending Triangle is a continuation (bullish) pattern.
Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41.
Let's see if this trade will work out!
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.
Wilmar facing bearish pressurePrice is facing bearish pressure from our resistance in line with our 127.2% fibonacci retracement and fibonacci extension and a re-test of our sell entry could present a good opportunity for a short.
DBS approaching key support level Hey guys! Hope you manage to catch the reversal on DBS that I called previously, it is linked below so you can check out the previous idea there. Right now, I am still bearish on the stock and expect to see a further drop to our support at 20.00 before a bounce. What are your thoughts on this?
Venture under bearish pressure Price is facing bearish pressure from our Ichimoku Cloud, 20 period EMA where a pullback to our sell entry could present a good opportunity for a short.
Keppel testing supportPrice is testing our support in line with our trend line, 78.6% retracement and 100% extension where we could see a bounce to our resistance target. We do caution our descending trend line and a break above this trend line could provide room for a bullish acceleration to our take profit target.
Look at the "indispensable" stocksCome this Friday , 19 June 20, Singapore will enter into Phase 2 of its economy reopening.
The major news would be shopping malls will be reopen to the public once more. Will there be a r evenge shopping frenzy like we see in China ?
If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business.
Not forgetting , there are many retail staff in brick and mortar shops returning to work, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
OCBC under bearish pressure potential for further drop!Price is testing our resistance where we could see a reversal below this level. Our first resistance is in line with our 23.6% retracement, 78.6% extension and descending trend line as well.
UOB - Price is reaching resistance, potential reversalHere's what I see on UOB, price is reaching resistance where we could see a reversal from our sell entry, in line with our trend line, 38.2% retracement and 78.6% extension where we could see a reversal here. Cheers!
DBS - CLOSING THE GAP1) The gap up from $20.25 to $20.68 needs to be closed
2) Currently there is some strong support at $20.65 area
3) Trade accordingly to the current downtrend channel
4) Sell if it breaches $20.00
5) Buy if it breaks out of the downtrend channel to the upside
