SIA engine might be worth taking a look. It found support at 3.36 and currently at the 3,43 resistance which is the horizontal resistance and also the 20ma. If the resistance break we might see it move higher to 3.49 then 3.53. Our stop loss would be 3.35
Yours
Humbly
Following up from our previous post (http://singaporehumblestock.com/2016/11/starhub/) we saw the climatic selling volume came in and was looking for an entry at 2.82. Starhub has risen to 2.95 our second target and now we could we looking at $3 or maybe even $3.05 to come. Hope you all managed to learn something from this.
Yours
Humbly
Want to know more about Shenzhen – Hong Kong Connect and how you can gain exposure to it in order to have aย diversified.
Has the China market bottomed this round and how will the shenzhen connect help the china market?
The Shenzhen Stock market has a market cap of around US$3.9 trillion in 2016 and the 3rd largest in Asia and 7th largest in the world.
It has the largest in China in terms of trading volume and we’re offering 600 over counters for our investors.
Do email us at humblestock@gmail.com ย if you want to know more about the Shenzhen- Hong Kong connect and what stock we’re looking at to benefit from this connect.
Yours
Humbly
Many have been asking about the direction of the STI. So we decided to share our humble inputs. As you can see STI is currently being tested by that downtrend line we drew for the third time and at the same time was also resisted by that short term uptrend line. What might happen is that it could retrace back alittle to test the middle band and from there we got to see if the support holds or break. We’ll only take position to go long if the longer term downtrend line is broken.
Will give more updates on STI in the coming days.
Yours
Humbly
Following up from our previous post on the 16th nov (http://singaporehumblestock.com/2016/11/noble-4/)
Noble continues to fall and now has reached our target. Support is currently at 0.17-0.172 and if that breaks and stay below we could possibly see 0.161 level. As this is a later short, we would scale down our entry. Stop loss would be at 0.181
Yours
Humbly
Sembcorp marine rising to hit the downtrend resistance. Now all eyes would be on OPEC meeting starting tomorrow and if there is a cut or stop in production this might be a catalyst for oil stocks to move up. We’ll considering going long once that downtrend line is broken at 1.485 . Stop loss can be at 1.435
Yours
Humbly
Over the weekend there was some stir in the oil price as Saudi wanted to leave the talks. Oil took a tumble and one might be expecting our oil counters to fall too. But instead our oil counters held and keppel corp is currently above the 200ma . Opec meeting starts on 30th nov so we’re keeping an eye on that to.
We’re looking for it to clear the horizontal resistance line at 5.50 before considering an entry. Our stop loss would be 5.39.
Yours
Humbly
Sheng shiong which we posted came down to our target and slightly beyond
Currently the support around $1 is holding well and we might see it rebound to 1.06 in the near term . Our stop loss would be 0.99
Yours
Humbly
Our telcos took a heavy beating recently when news our the 4th telco will be coming online next year.
Starhub after selling down on tuesday had an exceptionally high vol and selling didn’t continue today .Could it be a climatic sell and some rebound in sight? Well, resistance is at 2.82 and if that breaks possible to cover gap to 2.90 and maybe even to 2.95. Cut loss would be at 2.71 below the horizontal support.
Yours
Humbly
OCBC has also hit our target of 8.88 and did a fake breakout and came back down.Hope you all managed to learned something from it. =)
It is now within the band of 8.70 and 8.88. We’ll now observe and see how the banks are doing. IF strength continues in the banks then once OCBC breaks 8.86 and stay above we might consider going long with a tight stop loss at 8.83 or 8.69
Yours
Humbly
