Keppel approaching resistance, potential reversalWe could see some upside in price to test our sell entry in line with our 61.8% retracement and 61.8% extension before a reversal.
CITYDEV testing support, potential bouncePrice is facing bullish pressure from our ascending trend line, 50% and 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level.
Riverstone - Ascending Triangle PatternAscending Triangle is a continuation (bullish) pattern.
Odds for this pattern is for the stock to break to the upside eventually. Long between 2.30-2.35 with a stop a few ticks below the lower triangle line @ 2.27. A break up is confirmed only when it CLOSES above 2.41.
Let's see if this trade will work out!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Wilmar facing bearish pressurePrice is facing bearish pressure from our resistance in line with our 127.2% fibonacci retracement and fibonacci extension and a re-test of our sell entry could present a good opportunity for a short.
DBS approaching key support level Hey guys! Hope you manage to catch the reversal on DBS that I called previously, it is linked below so you can check out the previous idea there. Right now, I am still bearish on the stock and expect to see a further drop to our support at 20.00 before a bounce. What are your thoughts on this?
Venture under bearish pressure Price is facing bearish pressure from our Ichimoku Cloud, 20 period EMA where a pullback to our sell entry could present a good opportunity for a short.
Keppel testing supportPrice is testing our support in line with our trend line, 78.6% retracement and 100% extension where we could see a bounce to our resistance target. We do caution our descending trend line and a break above this trend line could provide room for a bullish acceleration to our take profit target.
Look at the "indispensable" stocksCome this Friday , 19 June 20, Singapore will enter into Phase 2 of its economy reopening.
The major news would be shopping malls will be reopen to the public once more. Will there be a r evenge shopping frenzy like we see in China ?
If the footfalls is likely to increase too in SG, then the rate of shoppers hopping on to the taxis will be high, giving a much needed boost to the transport business.
Not forgetting , there are many retail staff in brick and mortar shops returning to work, these group too will be taking taxi as well. This is more of a long term investment rather than short term trade. Plus, the dividend is good for passive income as well.
OCBC under bearish pressure potential for further drop!Price is testing our resistance where we could see a reversal below this level. Our first resistance is in line with our 23.6% retracement, 78.6% extension and descending trend line as well.
UOB - Price is reaching resistance, potential reversalHere's what I see on UOB, price is reaching resistance where we could see a reversal from our sell entry, in line with our trend line, 38.2% retracement and 78.6% extension where we could see a reversal here. Cheers!
DBS - CLOSING THE GAP1) The gap up from $20.25 to $20.68 needs to be closed
2) Currently there is some strong support at $20.65 area
3) Trade accordingly to the current downtrend channel
4) Sell if it breaches $20.00
5) Buy if it breaks out of the downtrend channel to the upside
SGX (Things are about to get nasty)Updated View On SGX (29 MAY 2020)
SGX had a great fall and it has touched to strong swing support region $8 in recent days.
That's the reason why we are seeing some pullback action.
The pullback action may bring the price up higher but s long as it can't swing back above $9.2 region, we will expect to see more bearish actions soon.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
ComfortDelGro - Trading in the channelOn bigger timeframe there is a bear flag. On daily it is trading in a channel and formed a double top. Awaiting breakdown.
Disclaimer: Not an advice to buy or sell.
SIA - A break below key support could trigger a further dropPrice is facing bearish pressure from our trend line, Ichimoku cloud where a break below our key support level could trigger a further drop to our take profit target.
DBS - resumption of slow road to recoveryAfter hitting a high of 23.58 recently, DBS has been pulling back in the last 2 weeks cumulating to a low @ 20.63 yesterday but quickly recovered to close a bullish pin bar. Now it that has "successfully" tested the 50% fibonacci retracement of the recent swing up plus having worked off the overbought position to near term oversold now. It looks ready to resume the slow climb back up. (with stop loss just below yesterday's low 20.63)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade adviDisclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.ce. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Starhub forming a falling wedgeStarhun (CC3) forming a falling wedge
Disclaimer: This is not an advice to buy or sell!!
Sheng Siong showing great resistance.OV8 showing resistance at current level.. Also forming a Flag indicating bullish bias..
Disclaimer: This is not an advice to buy or sell!!
DBS appraoching resistance, potenatial reversalHey guys, what do you think of DBS(D05.SI)? I have a bearish bias seems like price is facing bearish pressure from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level.
OCBC testing resistance, potential dropLooking at a short on OCBC Bank(O39.SI) as well here, price is facing bearish bias from our pivot level and 20 period EMA, where we could be seeing a reversal to our first support level.
HK Land - failed double bottom or rvs head and shoulder coming?Price fallen below 20MA
Potential head and shoulder?
