Consolidating before the breakout?Nice cup and handle or Bullish Pennant being formed. Wait for upside breakout.
Disclaimer: Not an advice to buy or sell.
Trading in the channelSmall triangle forming in the channel. watch for volume and breakout.
Disclaimer: Not an advice to buy or sell.
Comfortdelgro - short term tradingThis counter appears to be on rising trend line - as shown in this hourly chart pattern. The technical indicator shows oversold region, will expect a re-bounce from this region.
Potential trade is setup:
Buy in range: 1.45 to 1.47
Stop loss: 1.40
Target Profit range: 1.59 to 1.65
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
DBS BANK - BACK IN THE SADDLE1) Price has crept back up into the Ascending Triangle
2) $20.00 still a major resistance as this has been an area of strong resistance/support dating back 5 years
3) Note the divergence on the MACD
4) Ascending triangles mainly resolve to the upside, but we shall see.
DBS- Ascending triangle pointing to an upsideDBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range, hence the strong upside is high.
Should 20.00 breaks, the next price level to be tested is near 21.07 region highlighted in red.
DBS on route to recoveryChart has shown a series of higher lows while respecting channel support on a daily closing basis and we can expect price to continue this upward trend.
If you are already long on this trade, the first TP should be at the 50MA where supply will start to come in.
The next opportunity for a long entry would be either at pennant support or when we get a daily close above $20 (which is also above 50MA*).
Bullish PennantPrice consolidating in a pennant after the bullish move. Wait for breakout of the Pennant.
Disclaimer: Not an advice to buy or sell.
DBS - Break of Ascending Triangle?Looks like a break of an ascending triangle, even though ascending triangles mostly resolve to the upside.
SGX Oxley NeutralStock on a ascending triangle. further movements depends if it breaches with strong volume.
SGX Yoma Strategic Longstock have breach its up ascending triangle with strong volume. Potential to long with entry @ 0.255 and stop-loss @ 0.24 and profit taking @ 0.31
TA - OCBC - Bullish?- bounce off ~ 10.5 (current low is not lower than oct/nov 2018)
- wave 1 (bullish trend) or wave 2 (bearish trend)
- chalkin money flow +ve
SGX - Bearish divergence?Thus far, this counter has been trending within Fib channel. As of weekly chart, it shows bearish bias on potential short term retracement.
Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
Keppel - Potential Ascending WedgeHi folks, based on the TA of this counter, it appears that this counter is on ascending wedge. The targets of possible downtrend is indication when MA50 (purple) line is encounter. TA will be invalid if it breaks higher than the drawn wedge boundary.
The support level is highlighted as red horizontal bar. If it break the lower of the possible support level at 4.82, it will dive further down. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
World no 2 Airline share price crashed !!!SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here .
Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ?
I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and businesses. In tourism, many hospitality firms that depend on a concentrated nationality like China saw their business plummet 90 over percent and many have declared bankrupt .
Never mind the experts, politicians have differing views about when we can see a turnaround for Covid-19, some say in April , others claim in June. We need to be mentally prepared. The loss of job, income, family disruption and inconvenience has to be accepted and one has to find ways to adapt as fast as possible.
Nobody says it is going to be easy but rather than complain and find fault with whoever, whatever that causes this , it is wiser to find more additional sources of income as one would need more of it , especially in this pandemic now.
This airlines may have a lifeline thrown to them by the Government or some Aviation association since they are so big and too big to fail (i think). But we cannot say the same for an individual family, anywhere in the world. Life still have to go on and the faster we accept it, be socially responsible when we are going out (wearing mask, using sanitiser) and keeping a safe distance, the lower chance of us contracting this Covid-19.
Take this opportunity to learn as much as possible about trading (if this is your cup of tea) or any other money - making ideas you have. Spring is here, a season for sowing. So, let's sow our good seeds of love, compassion, diligence and joy into our lives and in due course, when the time for harvest comes, we can reap a bountiful one and share with more people.
SIA, Back to the Runway, Soon...?Did as thorough an Elliott Wave analysis as i could that doesn't break any rules and i concluded on this count, a massive WXY and hopefully the end of the correction and with SIA back on the runway. Stay Safe..
