eurgbp

Eurgbp is building the right shoulder and should break down this week, otherwise risk is to the upside.

a look at some shares on the SGX

With market volaility so high, we must be careful to enter at the right price.

Based no technical analysis, I have looked at some shares and will need to look into their books for further identification if it is the right share for me to own.

Dairy farm, has been trading at a low price of 5.6-5.8 before a recent sharp breakout to reach the 50% retracement of the most recent down move and a 38.2% retracement of the down move from 10/01/2015. Now has entered the secondary area and pull back.
The highlighted prices are good areas I think to enter long.
Gives consistent dividend and if price goes to near $6.20-6.25 I will buy.
A pull back to $6.57-6.51 and a bounce will make the most recent move a flag pattern with a break of highs at $7.2 will lead to new highs and extension to $8-$8.3.

 

Great Eastern, Tested the under and crawling along it. $16 strong support. Has strong presence in Asia.

 

Super group, will need to study this more on the fundamentals, recent venture into China. Dont know how it is like. Price at $0.2 will be very attractive if we ge there.

 

Hyflux, missed buying it when it was $0.50 ish. Oh well.. $0.54 will be the completion of double top and $0.51 will be some strong support. Water is a precious resource. Still need to take a look at the books.