Monday, March 20, 2017

A look at some STI stocks

Asian Pay TV Trust

APTT formed a bottom at 0.38, the MAs are still pointing to a bearish consolidation, Price has broken the longer term trendline and is currently retesting at 0.42, the same price is support (Support + 61.8 retracement+ trendline retest) indicates that price now is very important , If price extends in a recovery, it targets 0.56 - 0.58, which is former support turned resistance and the 38.2 retracement from 04/06/2015.

Fundamentally, taiwan has a lot of online TV channels with a growing following. If APTT can leverage on this, then growth will be sustainable.
Expect 0.56-0.58 to be strong resistance, and consolidation may take a further one year. between 0.58 - 0.50 range.

Great Eastern

Great Eastern is reaching the apex of the triangle, price is now hitting resistance and a close above 21.63 will target 26.5++ region. Below $20, targets $16.
There is a golden cross forming with the 50 MA above the 200 MA, showing that price is leaning towards bullish.

Lippo Malls Trust

Lippo Malls looks like it could be forming a double top, with price hitting resistance 0.4, neckline is 0.36.

Mewah

Mewah could be retesting a broken trendline at $0.32. Above 0.36, price will be positive.







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