SGX CSE Global Longstock in an uptrend and break its resistance line to form a new support line S1. Potential to long with entry @ 0.41 with stop-loss @ 0.375 and profit-taking @ 0.46
S63 - new trend formation - possible bullish biasTarget as shown - with stop loss indication.
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SGX Hong Leong Asia Longstock is in an uptrend with price near lower bound of uptrend channel. potential to long with entry @ 0.505 and stop-loss @ 0.475 and profit-taking @ 0.59
SGX CityDev Longstock is in an uptrend with price near lower bound of uptrend channel. potential to long with entry @ 7.70 and stop-loss @ 7.42 and profit-taking @ 8.01
SGX UOB Shortstock is in a side-way channel below mid point. short-term potential to short with entry @ 19.72 and stop-loss @ 19.99 with and profit-taking @ 19.24. Earnings report expected to be lower than normal on 6 May. If better than expected, to recover and if worst then expected, to drop.
SGX SATS Neutralmovements depends on whether stock trend up or down in subsequent move. To monitor further
SGX AEM LongStock is in an uptrend both short-term and long-term. Institutional Buyer (Morgan Stanley) increased deemed interest by about ~1.5m shares. The stock is growing with potential to long.
SGX Micro-Mechanics Longstock on a uptrend with recent downwards movement to close near upper bound of channel. Potential for upwards movement as reversal to recent downward movement. potential to long @ 1.70 with stop-loss @1.65 and profit taking @ 1.80
SGX Haw Par Shortstock on a downtrend with movement to next support line @ 9.55. Potential to go short.
Thomson - Revisited - Adam & Eve formation in play?Previously in Jan 2020, due to Cov-19 incident, the TA is invalidated. After 3 months, despite many negative news, the market is making newer highs. Price is above MA 20/50. Do you feel that we are back in bullish bias? Feel free to share your thoughts. Let me your comments in the box below.
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SGX SIA Shortstock is in a sideway trend and in a narrowing channel. As the squeese progress, potential to break upwards or downwards. Short-term potential to short and downwards pressure is slightly strongly. Potential to enter long @ 5.99 with stop-loss @ 6.23 and profit taking @ 5.76
SGX DBS Longstock has lost its upwards trend and changing to a sideway movement. However, Since it's at lower half of channel, potential to long and hold till it hit upper bound of channel @ 20.0 with stoploss @ 18.6.
SGX ComfortDelGro Neutralstock is on an overall downwards trend. Currently, stock is in the mid-point of a sideway channel between 1.37 and 1.58. Outlook neutral but more likely to trend towards lower bound. If hit low bound, potential to long and if hit upper bound, potential to short.
SGX Keppel Corp Longstock is in a upward trend and breach resistance line @5.71 to reach 5.81. With results release expected on 29 Apr , there could expectation that results could be lower than normal built into the price. Potential for price to go further to next resistance line @6.00. Modified stochatic @ 39 1 1 also reaching 50% which is a trigger to long upon crossing 50%.
SGX Jardine Neutralstock may be unable to maintain it's earlier upwards trend and currently potential to move sideway. Currently, have breached support line and came back. likely to continue sideways movement.
YZJ Shipbuilding Entering Support region. we are now entering a historical support range of 0.70 - 0.88 . This is a strong support which has held multiple times in the past (July 2009, September 2016) with a subsequent bounce off this range. Price level in specific i am looking at 0.79 as the crucial support which has been continuously tested but has held for the past 3 days after a bounce from the lows of 0.73.
In addition, a bullish divergence is observed on the Daily RSI, with a possible MACD reversal up. This suggest that in the near term, a bullish scenario would see a price reversal at 0.79 towards the upside
Fundamentals:
Potential Catalyst for upside:
YZJ Shipbuilding just secured a deal to build up to 10 Vessels (2 vessels confirmed and 8 more optional) in a contract worth USD$1.15 billion.
Cases in China are decreasing with most cases being imported. As the Chinese Government's effort to isolate imported cases and control the spread of COVID-19 kick in, factories and shipyard production will soon normalise and share prices will soon return to pre COVID-19 levels above $1
Potential Downside Risk:
Corona Virus Risk still looms over the global economy, with most companies expecting weak Q1 & Q2 earnings. Should the virus situation expand past Q3 2020, we can expect global trade to dramatically decrease, which will likely affect the commencement and subsequent completion of the other 8 vessels on Yangzijiang's order book.
Sheng Shiong- Going for a correction after a straight up rally SHeng SHiong has a strong upside until last Friday, when there's a bearish engulfing candle. Subsequent sell-off occurs on monday open and judging from the sell-off, we are seeing a rebound at minimum 1st demand zone level.
SGX Genting Neutralstock is on an overall downwards trend. With the market rebound, it did not manage to break its resistance line @ 0.775. It also breach the uptrend line on 20 Apr with downward pressure. There's a potential support line @ 0.72. If breaks above resistance, potential to long @ entry price 0.78 with profit taking @ 0.845 and stop-loss @ 0.72. If it breaks support line, potential to short @ 0.71 and profit taking @ 0.515 and stop-loss @ 0.775
SGX YZJ ShipBldg Longstock in up trend with potential to hit next resistance line @1.07 and if breakout will hit next line @ 1.13. Potential to long with stop-loss @ 0.94 and profit taking @ 1.07.
SGX Hong Fok Longstock in narrow uptrend channel. likely due to better than expected result released on 28 Feb but overall market can down after that. After market recover, stock move upwards. Potential support line @ 0.7 and resistance line @ 0.84. Long position with stop-loss @ 0.7 and take profit @ 0.84
