Sembcorp mar , it pushed below its major support of 1.505 level and currently still below. it was testing 1.505 level a couple of times and finally cracked below. This signal weakness and with that we would a short position could be made at 1.485 with a stop loss at 1.52. It’s results will be out on 28july will it suffer the same fate as keppel corp? Lets stay tune. For now sembcorp mar is weak to us.
Yours
Humbly
Capitaland is above its 200ma and now above its downtrend line too . With that we might see more upside in the coming days and if sti were to break above 2964 good chance capitaland could go to 3.19 first. Our stop loss can be one pip below the 200ma or 3.03
CAO (China aviation which we post earlier went to a low of 1.39 yesterday but it rebounded strongly today with an increase in volume. One should be careful if you got a short position either reduce position or wait till it hits stop loss at 1.52 and may even consider to go long then. =)
Yours
Humbly
WHAT a MASSIVE gap down for wilmar today due to profit warning of 230mil. Wow if you shorted it which we spotted on our blog.
In our previous post we mentioned that the resistance was at 3.37 and stop loss at 3.38 . Well wilmar broke 3.37 and tested 3.38 but came back down after that and didn’t manage to recover ever since which showed a sign of weakness. Congrats if you re short it and now where to for wilmar? It could try to move back up to about 3.24 range which is the next resistance and after that we might see more downside . As the ย results are expected to be bad it might be tough for wilmar to rally back to 3.38 level hence we are still looking to short it.
On the other note, STI is coming very close to our target of 2964 off by just 10 points. If momentum is good we might see it come close to 3000 and once there we might be looking for short opportunities. Stay tune =)
Yours
Humbly
China Aviation or CAO which many are used had a good run so far and is now met with some major resistance at 1.50 and since then it was unable to break through the last few days. We might be looking at some downside in the coming days to that lower uptrend line which we drew at about 1.30. Our entry would be when it breaks the support of 1.42 and stop loss at 1.52. ย We will be using CFD for our shorts.
Btw, innovalues got stopped out last week and it had a heavy sell down that is why having a stop loss and proper trade plan is very important.
GLP on the other hand had a further run to 1.95 today =)
Yours
Humbly
Wilmar failed to break the 3.37 horizontal resistance which was the previous gap down area too. Market rallied on friday but Wilamr didn’t couldn’t break this resistance. We might see some near term downside probably back to 3.24 and then 3.17. Our stop loss would be 3.38.
Yours
Humbly
Just an update, STI hit a day high of 2939 about 20 points away from our target. We were mentioning about the upside since 2834 and its good to take some profit along the way and now that its nearing our target its good to a little cautious now as market might have some profit taking even before it reaches the target. So our humble stance is always to take profit along the way and not to aim at the high and take all profit.
Yours
Humbly
Our last post for the night before we call it a night, we hope that you have following closely to our blog and would have been in the money with these few stocks and index that we have shared. =) Remember to stick to the plan and follow through ya. Protect your profits along the way too. Don’t always aim for the highest to take profit. Take profit along the way. That works for us. Hopefully that works for you too.
Yours
Humbly
SGX, it managed to recover to hit back into its uptrend line which shows strength and furthermore its candle today has a nice rebound pattern kind of like a hammer candle.
With that we might see more upside to 7.95. A stop loss could be placed at 7.71 while an entry is one pip above today’s high.
Sino G , worth taking a look. Supported by its uptrend line and being resisted by the 40 and 50ma. A clear of those resistance at 0.65 might see it move to 0.66 and then move up to the second uptrend line at 0.71. There was ย a spike in volume today too which caught our attention. An anticipation entry can be at 0.655 and staying in till it hit our resistance line. Stop loss would be at 0.595.
Yours
Humbly
Singpost, we sent out an alert for singpost end june informing our clients about support and potential upside since 1.475. It has risen to 1.56 ever since. With that it is now hitting the downtrendline and the horizontal resistance. The closing candle on friday was a nice recovery candle so now lets wait and hope that it breaks that 1.56 level. Our stop loss would be at 1.515.
Yours
Humbly
GLP has been hugging the downtrend line and the horizontal resistance line. A break of 1.835 might see it move higher to 1.865 then 1.88. Market seems bullish so lets wait and see if GLP manages to break up from this resistance. Stop loss would be 1.80
Yours
Humby
