BTC, ETH, BCH charts

BTC

BTCUSD on the weekly, still a very bearish structure. With support 2421.14.

 On the daily, it is forming a small triangle, nearing the apex and could break down within this week to 2421.14.

ETH

ETHUSD unfortunately, looks even weaker than BTCUSD. Chart is in a descending channel on the weekly, price points to 40.

On the daily, price is on minor support. a break below targets $40.

BCH

BCHUSD is the most bearish of the three, price is in range 73.1 to 213.1.

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 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.

A look at the STI and some stocks

Dear all,

I haven't have much time to do this and monitor the markets.
Just had some time to look at some stocks and thought that I should put this up.
Lets take a look.

Capital R China Tr

This stock has been in a triangle since 24/08/2015, the recent move from $1.34 on an inverted h&s pattern has completed its run to hit the 200EMA and retreated to form a h&s again targeting 1.34, it is possible that a bat formation is in the works to end $1.36-1.34, where it coincide with the lower end of the large triangle. A possible flag formation from 01/09/2016 has been invalidated IMHO. So a triangle is more likely.

Possible entry price stated above.


QAF

QAF is on a uptrend channel, the poke above the channel top is a bit of a concern, as a break below the channel bottom will lead to a larger decline. Price has hit the 38.2 retracement and retreated, if price exceeds the higher, it is possible for it to be a flag formation targeting higher. However, if price rejects at the broken trendline drawn above, then $1.2 will be the target at the channel bottom.

Aims Amp Cap Reit

This chart is so messy, my closest guess is that it is in a triangle, its peak is almost reached, support is at $1.34.

Delfi

Delfi has moved out of the downtrend line, price has been around this region since 08/01/2016. Probably a good place to put in a small position.

SATS

SATS has moved off the high, for now it is still in a uptrend channel, Price is nearing the support at $4.76-4.74.

This blog is not a buy, sell or hold recommendation.

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 SGX stocks

I have been very busy with Life, so havent been tracking the SGX stocks. But the stock market moves in a crawl anyway.

In a previous post in september, I blogged about SUPER and how it technically looks like it was breaking out. Well, we all know why now.

Anyway, if it succeeds that means that my plans for having some beverage company shares just went down the pipe. So now that I finally have got some time, I'm looking at some stocks that are on my radar in terms of price and technicals.

Dairy Farm

 

Dairy Farm is in channel resistance and may well go back to test $6.20, where a good buy will be.

HongLeong Asia

This is a new stock I'm interested in. Price has been in a consolidation for a long time and nearing the bottom of the range. The next move will be within a month if the TL is to be respected or broken.

Some facts about HL Asia.



Hong Leong Finance

 

Not to be confused with the above company, this share has been in a down channel. The inverted head and shoulders pattern is too long on the right shoulder and should be a continuation pattern. $2.01 is a good price to enter.

Lippo Malls

 

Lippo Malls Tr now on the support of a upward channel. May be a good price to entire considering the long wick at the bottom of the channel signalling strong buyer interest.

 

 

 

OCBC bank

 

Has broken out of the triangle and now at resistance. Price probably targets the yellow resistance

 

 

 OUE

OUE has broken out of the downward channel and at the resistance now. Targets $2.0.


QAF

 

This is one stock that splits its investor's faces into grins. Price has run higher than I initially thought. Nevertheless, I think $1.10 is still a good buy when it comes down. Be wary of buying in at current price, as shown on the chart.

 

 

SATS



SATS price is still hanging around. Support is $4.50.

 Singapura finance

 

This share is still hanging out at the bottom. So risk is a drop to 0.65 or even towards, 0.58.

 

 

Thai Beverage

If you think that beer is going to sell like me, you'll be interested in this stock. 0.81 will be ideal, but i might nibble here as it is near short term channel support.


Wingtai

 

Wingtai at $1.4 will be a good buy. This stock may be hit next year due to recession that may happen.



AUDUSD

AUDUSD at rsistance now. The TL is long term, a break above 0.77, will give this currency a reversal.

SGDMYR, SGDCNY up or Down?

SGDMYR has been in a down channel on a longer term uptrend.

The currency has been weakening against the SGD for more than a year now and seems to be capped by $3.00.

Support is now at 2.9 - 2.8 and resistance at the top of the channel at 3.30 is the 1.618 extension of the move from the channel bottom.


SGDMYR


SGDCNY

SGDCNY, with the PRC weakening their currency recently after inclusion in to the World's reserve currency basket, the currency has been on the move.

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.

eurgbp

EURGBP is in a triangle and close to the apex. A breakout will be huge above 0.8420. support is 0.8360.

usdjpy

USDJPY spiked today to test the resistance of the longer trendline again. Price remains under 106.50, a break of which will cause the USDJPY to break out and up.

sgdmyr

 

The sgdmyr on the 1hour still shows a possible pennant/ flag formation that is still in the works. price is still within the flag, support is at 1.2980 - 70.

In the short term if price breaks resistance at 3.000. Then near term price targets, 3.068.

 

On the daily, the sgdmyr is still flirting with a longer term down channel resistance. Price is now at resistance. A break targets to 3.12 which is the previous resistance from 2015 September.

Longer term on the weekly, the flag has grown too long to remain in play. We will need to consider it as a range down sloping channel.

A run up to 3.12 will be another interesting place to look at.