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.

A look at STI and some stocks

I'm sorry to say that even though I made a resolution to do more blogging to keep track of certain stocks of interest I really haven't had much time to do so.
Even now, I am doing this instead of other stuff that I'm supposed to do, because this is easier than that.

So on to it.

The STI ETF has hit overhead resistance at $3.1 and retreated, expected support is at $2.9. With Donald Trump on the helm of the US, I really do not know what to expect. However, British stocks will be on my mind... I'll think of how to have exposure to that. Perhaps a GBPUSD trade will do.

Diary Farm has reached an important resistance, I will look for pull backs to add if interested. Otherwise, I will add to other stocks.

SATS is a stock that I have been looking at. It doesn't seem to want to fall down to a price that is a bargain....
any run to $4.6 is good now.

Value Max is in a triangle formation for sometime. If you believe in the pawnbroking business, $0.24, seems good.
The other is MoneyMax and Maxicash

Both are trading near the top of the range, so a pull back will be a good place to buy if interested.

A look at ThaiBev and SATS

 

 

 

SATS looks like support will come in $4.45.

 

It looks as if it just completed an ABCD extension. So could retrace back a little.

 

Thai Bev, has hit the top of some linear regression lines + 1.618% extension of the price between 0.43-0.80. A drop to $0.86 is 50% retracement if that is the high.

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.

STI index

The STI has hit and cannot overcome the resistance of 2965. Price has broken out of the downchannel and support is seen at 2700. That will be a good place to consider entering longs.

A look at STI and SPX and the banks

The SPX broke into new highs again, will this be a false breakout? How will that affect the STI?

STI looks set to break up and head to 2973 - 2994.

DBS looks like its forming a wedge. Price consolidation is too long to be a pennant/ flag. I think next week STI will show its form.

OCBC looks like a inverted head and shoulders forming, with the neckline at 9.40. a break of the neckline will target 10.30.

 

 

Another look at a different angle, OCBC could be in a channel targeting 7.0 - 6.80.

 

UOB looks ready to break out.

Disclaimer: I am not long any of the bank stocks. It will be interesting to see what happens next week.