SGX - Time is Ripe for recoverySGX has been testing the Trendline Support around 8.15 in the past month. Today it tested this level again and is now bouncing just a little above the trendline. However it a weekly bullish divergence (between the stock price and stochastic) is now forming. The chance is better now for a slow recovery to to the upside with initial stop loss just below 8.10.
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.
DBS [1-3 weeks view]Long DBS
Entry: 19.11
SL: 18.35
TP: 20.62
DBS dropped quickly to new lows and is currently in a rebound.
Fibo and graphical level lining up nicely at the TP level.
Price above ascending trendline support and also moving average.
This should be a limited push up as I am generally bearish across the global markets.
Trend analysisClear uptrend, broke resistance level at 0.27, support level at 0.24. Should continue to climb up.
Valuetronics - Upside may be limitedFor traders who like to long, the key resistance at 0.62 is a key crucial level, rejecting it will see the bear resuming its sell down. The only thing supporting the bullish outlook is that the hammer found its support at the immediate support which confluence with the 50% Fibonacci retracement level of the whole bullish up move since 18th March.
Creative, Best tech stock in Singapore last decadeLooking to enter long for this stock, price abit overextend, we are waiting for pullback.
SIA - capitulated and on the slow path to recovery Bullish divergence formed as it made a new low on May 20th on high volume. The signs are clearer now that the low is in and going forward it should be making a slow recovery. Time to long this morning @ 4.20 +/- from with an initial stop loss below 4.10 (or even 4.00 thou I believe the latter is less likely now). Trail stops up as the trade develops on the upside scaling out partially at suggested Targets of 4.85, 5.15 and 5.60 etc (fibonacci retracement levels on the way up).
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.
Raffles forming Ascending Triangle and FlagRaffles (BSL) could break out soon
Disclaimer: This is not an advice to buy or sell!!
Could this be the end of Valuetronics sell down?Hourly chart shows a divergence with prices making lower lows while the RSI made higher high within the oversold region. Potential rally after the post-FY results sell down?
Potential Long for China Sunsine after breaking out from rangingPontential long for China Sunsine after breaking out from a range. Resistance turned support followed by a dojo at Support indicates weakening bears
SIA SGX Stock (The Pride Of Singapore?)View On SIA (4 JUNE 2020)
We are seeing a strong rebound in SIA for the past weeks and currently, it is at an important level of $4.30 region.
This is the make (or) breaks regions and it is getting a little late to buy in.
We may see some resistant at the region but as long as 3.65 is supported well, sooner or later we shall see $5 again
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.
SATS - Bullish Adam & Eve Reversal?SATS has been staging several strong rebounds since late March which failed. However the stock fell on 29 May with a massive volume but without forming a new low from the March's low. There is a chance that the weak bulls have been flushed out once and for all and that the rebound that started 2 days ago is sustainable this time, especially when it appeared to have formed an Adam & Eve base formation. Time to stake it for some upside. Long @ 3.00 with initial stop just below 2.85 and looking to scale out @ 3.28-3.30 then 3.55 and perhaps even 3.80 if lucky.
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.
Astaka HoldingsThe Company was incorporated in Singapore on 28 July 2008 under the name of Westminster Travel Limited. The Group is a one-stop travel management and services group offering a wide range of travel products and services. It is principally engaged in the provision of corporate travel services and the wholesale of air tickets and hotel rooms. Its also provide leisure travel services. The Group’s business can be categorised into three segments as follows: Corporate Segment: Its corporate segment provides corporate business travel, MICE, corporate leisure travel and other travel related services and products to its corporate travel customer base. Air Tickets/Hotel Rooms Wholesale Segment: Its wholesale segment engages in the sale of air tickets and hotel rooms on behalf of its suppliers to its customers, which comprises other travel agents. Leisure Segment: It offers a range of travel products, including FIT packages, air tickets, hotel accommodation, and other travel-related products such as insurance, Eurail pass, Walt Disney tickets, cruises etc to both its retail and wholesale customers through its network of travel management and services offices.
