With all eyes on brexit, just an update on STI, if britain were to stay we might see STI moving up to 2845 area which then might be resisted. Around there we might have to wait and watch to see what happens then. If market continues to be strong then don’t short yet and follow the trend.
If britain exits then we might see more downside tomorrow to about 2722 level..
Yours
Humbly
Also similar to sembcorp, there was an increase in vol today and its also near is uptrend line and horizontal support line. If we were to short we should short either at when it breaks 5.25 or if you want abit more confirmation then perhaps when it breaks 5.20 . Stop loss will be 5.38 or 5.26 accordingly.
Hey, do look at china Aviation , there might be a chance to for short if it breaks the horizontal support of 1.145. Stop loss at 1.23
SGX is another one, if it breaks it horizontal support of 7.42. Stop loss at 7.52. Don’t have time to post the chart so do look at the charts first ya.
Time for bed =)
Yours
Humbly
Its getting late, just decided to update the blog before catching whatever sleep possible. =)
Sembcorp as we can see, is now hugging on its uptrend line at about 2.72 which also coincides with the horizontal support line. Its testing it the third time and if this breaks we might see it head down south to about 2.52 area. A nice reward with a short entry at 2.71 and stop loss at 2.83.
STI and noble came down further after our blog post while we’re still waiting for capitaland to trigger for shorts. Hope you’re not trying to catch the falling knives and getting hurt along the way.
Yours
Humbly
It was an interesting day today, STI opened up looking promising and even turning positive at one point and we were watching closely to see if it can stay above the uptrend line. Hours past and finally it couldn’t hold and gave up whatever gains and closed down 17 points. It is currently below the uptrend line and with that we might see more downside to 2700. A stop loss would be at 2800 because if it crosses above that it might start to cover the gap.
Bank stocks might be worth taking a look for short too, OCBC , DBS are some of our candidates. Do do your own diligence too ya. We updates on the banks shortly
Your
Humbly
Capitaland is currently sitting very near it uptrend support line of about 2.93. The short term uptrend line is currently supporting it and its testing that line for about the third time. If that line breaks, we might see further downside to even 2.50 in the coming months. Our stop loss if we were to short below 2.93 would be 3.06 above the 200ma quite good risk reward ratio we feel.
We are to also look at the STI and how it performs. If the STI continues to be weak, we might see capitaland go down together with it. Stay tune. Will update on the STI .
Yours
Humbly
It’s been a long while since we last wrote. We have gone through quite a life changing moment during the last few weeks hence was away from work. But all is well and we’re back to updating.
We’ll like to start by looking at noble. We been updating noble on our blog for awhile since it was about 47 cents when we first started our blog. Sadly since then it has halved its value to now just about 23 cents but hopefully some of you all made money through the downside.
Noble’s volume today seems bigger than the last few days with that one would want to pay abit more attention to it. It staged a rebound the last few days but the rebound was short lived and we see more downside to come. We have to zoom out to out a 15 years chart in order to see the support levels.
Support levels we are seeing is at 22 cents then 20 cents.
Yours
Humbly
Hi Dear Friends,
Sorry for not posting for quite awhile as we are were busy with some admin stuff and were unable to post but our clients still got regular update and managed to profit from the may sell down .
Today we are looking at sembcorp industry, it has reached the support of $2.60 and if this support holds we might see a temp rebound but we are not that optimistic that this will last that long. So overall we are looking for it to break 2.60 and head further south. Remember your stop loss which we will put at $2.75 if we were to short.
We will try to update more on the STI soon and lets continue to see if sell and go away in May continues. Have a blessed week
Yours
Humbly
Sembcorp Marine, it formed a bullish harami yesterday on 6th april and one would kind of expect price to move up the next few days but it didn’t hence it caught our attention. And oil rebounded the night before but sembcorp marine didn’t rebounded as expected. So it might be worth pay attention to this stock
Today’s candle looks like a bearish engulfing one which might signal more downside to come. We would short at any price below today’s low and a stop loss of either 1.60 or 1.64. Targets we are looking at might be at 1.47 then 1.39.
Yours
Humbly
Another stock that we are looking for shorts is SGX. SGX currently is at is support of $7.72 and rebounded alittle towards closing. This support was previously the resistance and is now the resistance turn support. So if a break of $7.72 and staying below it would warrant us a short and with a stop loss of about $7.87.
Noble as you can see if bouncing off the uptrend support line at about 0.41, its is also the horizontal support line of 0.41 and a break below that might signal more downside to 0.385 first. Lets see where this goes from here.
Yours
Humbly
Hope everyone is having a good week so far, we’re DOWN with the first two days of the week and market also has been DOWN too.
We hope you managed to make some profit from keppel corp shared very recent and even EZRA which broke our key support of 0.109 and slammed down to the low of 0.091 this morning.
We are now looking at Cosco, it has formed a rounding top from about 40 cents level and has come down to test the support of 0.335. A break below that might see cosco go lower to 0.285. We would use CFD (DMA) to initiate our short positions with a stop loss at 0.37. There was a slight increase in volume for this stock today too. So maybe something to take note. =)
Yours
Humbly
