Oil has been up the recent few days and we think that it might move up to about $48-$49.50 area.
Ezion doesn’t seem to move up even when oil is up. So we’re looking at it quite keenly for a short. The current support is at 0.26 and if it stays below that we’ll look for a short. We’ll have to look back at the 5 years time frame to find the next support at 0.23 then after that a round figure at 0.2. Probably a matter of time before it hits 20 cents.
Yours
Humbly
Do you see what i see?? Capitaland came down this week as blogged on Sunday night. In fact, property stocks came down this week, counters like city dev, UOL came down. This was sent to our clients with CFD on monday during trading hours =) followed by city dev the next day.
So where to now for capitaland? It has reached its 200ma a good area to take some profit at least. We feel that there might be more downside if it breaks the 200ma to $3 first. It might hover around the support and then break down after that. So we’ll be looking to short when it breaks the 200ma . Remember your stop loss too ya.
Yours
Humbly
Jumbo posted a good set of results on friday after the closing bell
http://www.businesstimes.com.sg/companies-markets/jumbo-q3-fy16-bottom-line-doubles-to-s34-million
So whats next? Jumbo closed at 0.67 on friday reaching a high of 0.68. We continue to see upwards momentum due to strong earnings but would not be loading big as stock have ran up prior to results so some of it might be factored in already. We’ll stick to our plan as previously posted.
Have a blessed trading week ahead
Yours
Humbly
We saw a nice rebound on sembcorp marine today as it reached its double bottom at 1.295. Hopefully some of that rebound spill over to sembcorp industry. Its currently being resisted at 2.75 if that breaks we might see it head towards towards 2.85. Our stop loss would be 2.65. It is currently on CD and will xd on 16 aug with 4 cents dividend
Yours
Humbly
Yummy chili crabs =) We were sharing this stock with our clients on 5th aug at 0.63 to take a look and again on 8th aug hopefully some pocket money to go eat some crabs.
So where to next? We’re thinking that the 0.675 might break with some volume coming in. If that breaks we might see next upside to 0.72 cents so there might still be some meat left but of course we’re not expecting a straight line up. If you entry now do take note of your lot size do reduce it as this stock has ran quite abit. Stop loss would be 0.65 if its tight or 0.625.
Yours
Humbly
STI came down to our target of 2833 and overshoot a little more to 2813. We shall now use that as our support. Currently its being resisted at the horizontal resistance of 2882. If that breaks we might see it start attacking that uptrend line and if it manage to regain its footing there then we might see it retest the high of 2960 again. Lets keep a close eye on it as S&P made new high so we want to move accordingly
Yours
Humbly
YZJ broke down a day after it’s poor results. It broke its 0.865 horizontal support and started to slam down all the way to 0.815 an early message was sent out to our clients to take note of it. So where to now?
We’ll have to look back to a 5 years time frame and we would see support at 0.8 and then 0.77. Its a weak stock to us .
Hope you all had a good National Day celebration. See you all back tomorrow
Yours
Humbly
Blackberry, once the darling of the Techworld and Wall Street, has been in a long term downtrend for the past few years.
From the chart, we can see since 2013 , it attempted to break out of the downtrend line twice only to drop below into the downtrend line again. However, we also note that Blackberry has formed a series of higher low since 2013, and it recently it broke out of the downtrend line again for the 3rd time since 2013. But Volume is not high for this recent breakout so it would be prudent to observe more to validate the breakout validity.
We shall observe its price action and if it pullback and stay above the downtrend line, it could be a encouraging sign, signalling a potential change of trend in blackberry. If its rally can be sustainable, the first resistance could be 8.26 follow by 8.71 .
Meanwhile we shall observe its price action first and shall share again if there are any interesting entry setups for it .
Yours
Humbly
STI came very close to our target of 2964 and started to retrace which we warned off in our blog. What will happen next? We drew some lines and will share more of our humble view of the market this coming thursday night with our lovely clients =) Hope to see you there.
Yours
Humbly
