An update to just say that the numbers are really looking really great now, with the MACD histograms falling and going below zero, not only for the Daily, but also for Weekly chart (not shown here). Now, to wait and see the next week or so, if it flattens or starts increasing again... Having said that, our neighbour, Malaysia, is undergoing a huge resurgent...
TICKER CODE: S51 Company Name: SEMBCORP MARINE Industry: Singapore Stocks Producer Manufacturing Trucks/Construction/Farm Machinery Position Proposed: BUY Entry: NOW READY (0.175-0.190) 1st Partial Take Profit: 0. 465(August-October 2021) 2nd Partial Take Profit: 0.655(Early-Mid 2022) Note that timeline buffered, I would expect Full Take Profit by Early...
While the weekly chart still show some momentum, the daily chart has plateaued as expected (from update III) and the MACD histograms have started to decrease. This means that as we grapple with the current situation, with a pseudo lockdown, the effects are observable as we catch up with the curve. This downtrend needs to continue consistently for the next two...
Singapore Industrial Production for April increase by 1.0% monthly and 2.1% annualized. Economists predicted an increase of 0.5% and 3.4%. Forex traders can compare this to Singapore Industrial Production for March, which decreased 1.7% monthly and increased 7.6% annualized. The Final German GDP for the first quarter is predicted to decrease by 1.7% quarterly...
TICKER CODE: Z74 Company Name: Singapore Telecommunications Limited Industry: Telecom Services| Communication Services | Singapore Position Proposed: BUY Technical Analysis 1. Large Inverted Head & Shoulders (Forming) 2. Pennant Pattern (Broke out and Retraced) 3. Take Profit will be at Key structure level and 80% of Head & Shoulders Price Rane Entry: NOW...
Bullish case for the STI 1. Technicals are looking bullish 2. Quick recovery after failing the 55EMA 3. Waiting to break out of trend line resistance Bearish case for the STI 1. IF it breaks down the support of the last low, it is a goner. and somehow, IF I had to make a call, against obvious odds, I see that in higher and unexpected probability of a down...
TICKER CODE: 546 Company Name: Medtecs International Corporation Limited Industry: Medical Instruments & Supplies | Singapore Technical Analysis 1. Large Pennant Pattern Broke out and retested already 2. Fibonacci Retracement at 0.618 3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Entry: Already Active (0.90-1.15) 1st...
TICKER CODE: OV8 Company Name: Singapore Airlines Ltd. Industry: Grocery Stores | Consumer Defensive | Singapore Technical Analysis 1. Large Pennant / Falling Wedge Pattern Broke out and WAITING for Retracement 2. Fibonacci Retracement at 0.5 ( Silver Zone) 3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Entry: NOT...
TICKER CODE: 546 Company Name: Medtecs International Corporation Limited Industry: Medical Instruments & Supplies | Singapore Technical Analysis 1. Large Pennant Pattern Broke out and retested already 2. Fibonacci Retracement at 0.618 3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Entry: Already Active (0.90-1.15) 1st...
Last week, an update was made and projected that this Wave 3 was to be more significant and previous, as well as longer in duration. The days passed with events that corroborated with the projection, and in fact, surpassed the projection. The MACD histograms had crossed sooner than expected and the MACD lines show the momentum of the up trend. What this...
This is an analysis for a client. Technical indicators showing room for further bearish momentum Bounce before chance of a further drop. Please do your own due diligence. Losses can happen so please understand your risks and investment objectives first.
Looking at STI Weekly chart, price was in range for about 6 weeks and had a significant break down. It will seem that the long term downtrend channel may be as a temporary support and further breakdown back into the downtrend channel will likely resume bearish outlook. The past movement indicate highly cautious move, sell into exuberant strength seems higher...
TICKER CODE: Y92 Company Name: Thai Beverage PCL Industry: Alcoholic Beverages/Drinks | Consumer Goods | Singapore Technical Analysis 1. Large Pennant / Falling Wedge Pattern Broke out and Retraced already 2. Large Head & Shoulders 3. Fibonacci Retracement at 0.618 (Golden Zone) 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of...
Quick check in the COVID-19 situation for Singapore shows that there is some level of stabilization. As more cases and clusters surface, this may be the eye of the storm, and the next weeks will show us what might come in June... Watch for it!
Today's hot news was that Wave 3 is upon us and appears to be bigger than initially anticipated. So, relooked at the charts... charts that had predicted the Wave 2 spike in COVID-19 cases in SG in November 2020, which appeared in January 2021. (See attached links to related ideas below) And again on 5th March 2021, which gave heads up on a clear and present spike...
So... Technical analysis is not the orthodox tool for Pandemic infection monitoring, BUT it appears that IF we can look beyond the box, we can see more, and get ahead of the curve a little more. This is the SECOND time the Singapore COVID-19 charts are giving us about 6-8 weeks heads up of an imminent spike in COVID-19 cases. Much could have been done IF we...
This is an analysis for a client. Price just did a triangle upside breakout with indicators showing room for further bullish upside. Please do your own due diligence. Losses can happen so please understand your risks and investment objectives first.
This is an analysis for a client. Looking to short.