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[Analysis] SATS... is recovery on its way?From a long-term perspective, the low during Apr 2020 covid19 marks a higher low and creates major support at 2.50-3.00 level. Since then, prices have rebounded more than 60% and eventually hitting the resistance of 4.60. The price is now retracing lower and forming (seems like) a bullish flag on a smaller time frame. We have a few things to take note of here. 1) The major resistance at 4.50-5.00 will not be broken anytime soon. Price will be met with supplies/selling at this zone. In the short/mid-term, this will be the target price. 2) Price is currently retracing, and we do not know how far it will retrace. 3) Anything below 2.50 is considered bearish, as we will be breaking the higher low. As such, your best approach to taking this counter will be buying as close to the major support as possible, so you have room for profits. You can split your entries into two buy levels. One will be at 3.50, and the other will be at 3.00. This will ensure you will at least get one position in should the price decide to recover midway. Needless to be said, you want to be out of this trade if it broke down below 2.500. 2021 FY earnings will be a key decider.
SGX:S58
by NimbusCapital
[Analysis] SIA, Too big to Fail?Struggling airlines have always been the target of bottom picking from Traders; simply because "It's cheap now!" But is the risk worth it? There is a saying in the stock market "Buy Low, Sell High". Sadly though, the reality is usually "Buy high, sell higher" or "Buy low, sell lower" We have seen from examples such as Sembcorp Marine that traders who chose to buy at $1.00 or even $0.500 because it is cheap, are facing rights issues and paper losses. SIA is a national carrier. The government will not let it fall. But, they will only support it so much it keeps it alive. This means there is a high probability for future financing events such as more rights issues, new shares replacement, perpetual bonds, etc. This would mean SIA is indeed too big to fail but, it will have a very very hard time seeing its glory days of $14/share ever again. Too big to fail does not equate to higher share prices. In fact, it could continue to plunge in order to raise money to keep it alive. Major resistance is at 7.00. We do not believe SIA will ever go back to pre-covid19 prices anytime in the next 5 years. If you wish to have some stakes in SIA, you may do so in a safer way by proxy of STI ETF.
SGX:C6L
by NimbusCapital
Z25 BUY/LONG NOW READY! 1.20 TO 1.55 by SEPT 2021TICKER CODE: Z25 Company Name: YANLORD LAND Industry: FINANCE. REAL ESTATE DEVELOPMENT Position Proposed: BUY/LONG Entry: 1.15-1.20 (NOW BUY READY) 1st Partial Take Profit: 1.55 (SEP 2021-NOV 2021) 2nd Partial Take Profit: 1.70 (EARLY 2022) 3rd Partial Take Profit: 1.95 (JUN 2022-AUG 2022) 4th Partial Take Profit: 2.60 (EARLY 2023) Stop Loss: 0.95 Technical Analysis 1. On a Weekly Basis, a Potential Descending triangle may form, which indicates a BUY to 1st-2nd Partial TP levels. 2. Flagpole + Falling wedge formation indicating a BUY position. 3. Inverse H&S formation indicating a BUY position. 4. Confluence between key levels, and diagonal levels indicating a BUY position. -TRADERPROSIGNALS
SGX:Z25Long
by traderprosignals
Y92 BUY/LONG ENTRY SOON!! 0.635 TO 0.845 BY MAY 2022TICKER CODE: Y92 Company Name: THAIBEV Industry: CONSUMER NON-DURABLES. BEVERAGES: ALCOHOLIC. Position Proposed: BUY/LONG (NOT READY!!) Entry: 0.635 (EARLY AUG 2021-SEPT 2021) 1st Partial Take Profit: 0.715 (NOV 2021-JAN 2022) 2nd Partial Take Profit: 0.845 (MARCH 2022-MAY 2022) 3rd Partial Take Profit: 0.900 (JUL 2022-SEP 2022) 4th Potential Take Profit: 1.075 (EARLY 2023) Stop Loss: 0.485 Technical Analysis 1. FLAGPOLE + Falling Wedge Indicates a Potential BUY 2. Small Inverse H&S indicates a Potential BUY 3. Fibonacci Expansion Provides further indications of BUY opportunities. 4. RSI may indicate an oversold position SOON to push our BUY ENTRY. -TRADERPROSIGNALS.
SGX:Y92Long
by traderprosignals
C8R SGX BUY/LONG NOW READY! 0.075 to 0.235 by End 2023!TICKER CODE: C8R SGX Company Name: JIUTIAN CHEMICAL Singapore Stocks Process Industries Chemicals: Specialty Position Proposed: BUY BUY ENTRY: NOW READY (0.075-0.090) 1st Partial Take Profit: 0.150 (End 2021) 2nd Partial Take Profit: 0.235 (End 2023) 3rd Partial Take Profit: 0.270 Potential Take Profit: 0.365 Stop Loss: 0.065 Technical Analysis 1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE) 2. Area of Confluence on EMA 60 & structure level 3. 1st Partial Take Profit would very likely push RSI to overbought levels which would reject back down to new support structure 4. 1st Partial Take Profit will also be the Take Profit of Completion of Head & Shoulders Pattern 5. 2nd/3rd Partial Take Profit will be at the key level zone which is also near potential resting sell orders 6. Potential Take Profit will be at the Take Profit of Assumed Bigger Head & Shoulders Take Profit Level
SGX:C8RLong
by traderprosignals
[Analysis] Keppel Corp (BN4)(SG)While many will be elated on what seems like a "Trend Breakout", it is still early to tell. Newton law of motion "An object in motion will remain in motion in the same direction" holds true for stocks as well. A stock in a downtrend will most likely stay in a downtrend. Even if the breakout is legit, we have a nearby resistance at 6.00. Given that the current price is already at 5.600, there is not much room upwards before supplies start to pour in again. If the price is unable to break 5.70, a possible lower high could be created. One of the sins in Technical Analysis is the trader only draws what he wishes to see and is blind to other possibilities. Verdict: The Risk is not worth chasing this potential "breakout"
SGX:BN4
by NimbusCapital
[Analysis] TheHourGlass (AGS)(SG) Along with Boustead TheHourGlass is one of the counters recommended mentioned during our weekly webinar in 23May21. This is yet again another great example of consolidation and supply exhaustion. During an uptrend, the purpose of the consolidation phase is to exhaust the short-term supplies (otherwise known as weak holders). Once the supplies are gone, the price is ready to continue its uptrend. The only tricky thing is, there is no analysis on earth that can accurately tell when the supplies have been exhausted. Hence, holding power and a proper stop loss is critical in ensuring you are in the trade when it eventually runs up. TheHourGlass is bullish for sure and will continue to run. The only question is, can you execute the trade properly? Scouting for supplies exhaustion and a proper stop loss is the key criteria in Nimbus Capital's strategy. If you benefit from our analysis and wish to learn more, do visit our websites in our signature!
SGX:AGSLong
by NimbusCapital
[Analysis] ISDN (I07)(SG)Consolidation occurs when there is a presence of sellers in the market. Price will remain sideways until sellers have exhausted, then it will eventually rally up. The exhaustion in supply can be seen in decreasing volume within the same price range. As a trader, you need to understand that buying within this consolidation means, you will be held for some time. This is because while volume can hint at supply exhaustion, there is no way to 100% confirms such a fact. Hence, the expectation and assumption that price will immediately rally is the common cause of traders failing to catch any form of rally. Impatience and lack of holding power is a major contributing factor to retailers unable to secure profits. Traders will also need to ensure that after they entered, they are not stopped out while the consolidation is still ongoing. The cause is usually due to improper stop loss. Sad fact: Many traders are able to "pick" the right counter, but they are unable to execute a profitable trade.
SGX:I07Long
by NimbusCapital
[Analysis] Sembcorp MarineOnce an O&G giant at $6.00, it's quite heartbreaking to see the company become a penny at 0.150. This drop is most likely due to the proposed rights issue to improve its gearing to explore the merger with Kepple O&M. Regardless of its overall future outlook, the Rights Issue is never pretty for existing holders. Sembcorp Marine just very recently executed an extremely dilutive rights issue prior to its divorce from Sembcorp Ind. Chances are that many "loyal" holders will most likely be unloading given that they have been "duped" into another rights issue yet again. One can only milk the cow so far. Who's to say Sembcorp Marine could recover in the next 10 years. It is highly possible. But as a trader, one does not trade into uncertainty when there are many other options available. It is a common fallacy that if the stock was once very high in the past, it can recover to former days glory. Sadly, the fact it had dropped so low is an indication that such recovery is highly unlikely. Trend, market, and macro have changed since then. That's why the price dropped. However, the opposite is actually more probable. Stocks that have not seen the high and is on the uptrend are more likely to see the highs because it is working towards that future. Think Propnex, Frencken, iFast. Yet the idea that if a counter was $6.00 in the past and it's $0.150 now can go back to $6.000, is extremely flawed. SIA will never see $12 in the next 7-8 years. Creative can only dream to go back to $26 in this lifetime. The most probable way anyone could profit hugely from Sembcorp Marine is if it gets privatize at a reasonable premium after the rights issue (Similar to what happen to tiger air). Even then, this is a long shot, and the majority of the holders will still be at a loss. Sure, Sembcorp Marine will have a small rebound here and there which will trick inexperienced/emotional traders into going long. That sort of return you could catch from such rebound can be easily caught in another uptrend counters with much lesser risk. Verdict: Low can go lower. Not worth the risk to catch any form of rebound!
SGX:5E2
by NimbusCapital
AWX SGX SELL/SHORT to 2.00 (BUY ENTRY) UPDATETICKER CODE: AWX Company Name: AEM Industry: Singapore Stocks Industrial Services Engineering & Construction Position Proposed: BUY Buy Entry: NOT READY (2.00-2.20) 1st Partial Take Profit: 5.30 Early-Mid 2022) 2nd Partial Take Profit: 7.35(Early 2023) Stop Loss: 1.90 Technical Analysis 1. Falling Wedge/Pennant Pattern (Potentially Forming) 2. Area of Confluence with Trendline and Horizontal Resistance Level (Key Level) 3. Fibonacci Retracement at 0.786 is at key market structure 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole and also Channel Range (Trendline Resistance)
SGX:AWXShort
by traderprosignals