SGX chart S68

 S68

Singapore Exchange

Weekly S68 is at the top of the bollinger range at 9.12. Slope is gentle and at top of intermediate range.

On the daily, price has not closed the gap yet and is capped at channel resistance. Will look at 7-7.1 for channel bottom to buy in.

STI,

A look at the STI today,

With a trade war between US and China happening. Problems in Europe, Brexit (waiting) to happen. The World is in a greater uncertainty than before. Volatility is high, plus the longest bull run since the 2007 Asian Crisis... All these are adding up.

STI looks to have rebounded, into resistance, with the 200 MA above and a resistance from previous S/R at 3.25-3.35.

Looks like the move could stall...

Great Eastern

One of the giants in SE-Asia, insurance company GE is part of OCBC bank and has shown a strong rally from 24.4. Also into resistance at $26.0. Wait for breakout and retest for confirmation.

OCBC

OCBC forming a wedge, and above longer term trend line. Could be silently bullish. A test of 11.2 will be a good buy.

SATS in a channel, 4.50 still good support. candles are entering channel top at 5.00.

Stocks in SGX

Great Eastern

 

 

Hyflux

 

Japan Foods

 

Japfa

 

 

Maxi cash

 

Mewah Int

 

Money Max Fin

 

Olam Intl

 

QMDental

 

SATS

 

Value Max

A look at singapore stocks and the STI

Let's start with a look at the STI.

With Yellen signalling a rate hike in december and the US presidential election, BREXIT etc. the World is just so filled with news and anxiety everyday. Well, Life goes on and we can only look out for changes in the market and take note of the companies that we are interested in.

The STI has been in a range since march and is now at the mid-range of the march-september range of 2.78-3.00. Still looking for direction, maybe from today's US NFP.

 

Diary farm now trading at the top of the channel, I think any dip to $6.3 will be of interest. My entry is around there also since I first blogged about this.

 

 

 

 

Great Eastern. I will only look at it when it reaches $16. As an insurer, I think we can look at them when the price is right, just because Asians are naturally fearful of the unknown and will probably continue to over insure themselves.

 

 

QAF, another stock I am vested in. price is still in a uptrend range. I am long $1.05+? price target is $1.35 top of the range, and support probably at 1.09 the next time it reaches channel support.

 

 

Another stock I am interested in is Super group, price has been in consolidation for a year and now is touching the TL resistance.

 

Singapura Finance, is another stock I just got vested in at $0.87. This is a growth play.

Dairy Farm

After three years of not blogging, I have come back again. Over these three years, I have continued with my studies on Technical analysis but due to other commitments, recovery from a bad fall and my day job have adruptly stopped blogging.

This time I will try to continue with my bloging on some of the interesting prices that are available on the SGX.

A look at Dairy Farm,

Dairy Farm's share price has dropped quite significantly over the past year from $ 9.77 to $5.88.
Looking at the dividend yield, it is 3.33%.

A quick look at the chart below from chart nexus shows that the share price has been in consolidation for a while.

An inverse head and shoulder is in the process of being formed. With a potential neckline at the $6.21. In order for it to be symmetrical, the shoulder should end about mid may,where it will coincide with the downtrend line from 11 may 2015 and 14 jul 2015.

The upside targets $6.81 which is where we have some consolidation and 161% extension from the low at  $5.55 and $6.21 recent top.

A long at the $5.80 looks attractive with a stop below $5.50 if you are trading. Risk is $0.40. Rewards $1.00. Risk reward ratio 2:1.

Dairy farm has a large parent called Jardine Matheson, so may be a good stock to hold if not trading.

Of course, in order to identify a good stock, fundamental analysis plays a part, which I am currently studying.

Dairy farm has been consistently paying a dividend of 23 cents. At $5.80, dividend yield will be 3.96%.


Disclaimer: This is not investment advice and any loses arising from this post is not the responsibility of the author.