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.

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.

Ramblings about life and then some charts.

It has been a long long time since I blogged.
Mostly, I admit is due to me being very very lazy, then busy, then unmotivated, etc.
I am a person with all sorts of bad habits.

Still, sometimes (rather rare) I have the urge to write.

I was checking my blog posts, and realised that my blog on charts and finance has higher readership (by magnitudes) then my blog on religious reflection.

😏More people agree to $$$$ but not everybody agrees on religion and beliefs.

HAHAHAHA...

So what have I been doing?

Some parts writing, some parts working, some parts trying my hand at being a gardener.
I had some results after planting orchids for a year, flowers were blooming! Then I moved and the plants (creepers) became barren.

The next project was a simpler plant... CACTUS!🌵 (succulents)

The result after 3 months... My baby 👶

The growth was pretty impressive... Although I didn't know why it lengthen and became like this... sort of .... 😰. There is some fluff on the top.. I can't understand why its barren there too... 😬.

I started my Masters program... and am heroically doing it part time. Because I didn't qualify for full scholarship, I found a work cum partial sponsorship by my organisation. Well more about that (maybe) on later posts.

So on to the charts...

Cryptos crashed.. that much every one knows.
Well if you bought now, you will be paying at real low prices.

The risk: Its trash and no one buys from you, it gets hacked and stolen. You lose it... by which lost is 100%.


ETHUSD weekly

finally some relief from the great fall of 2018. The engulfing pattern on the weekly shows some likelyhood of a reversal starting. overall trend is still down. 

Strong support and hence heavy Resistance is just overhead.

On the daily, ETHUSD needs to consolidate with S 144.37 before a possible push up to 200 on a push up. Price may consolidate in a range till march in sideways motion. below support 116-114, the floor will be open to the lows.

BTCUSD weekly

BTCUSD looks very weak. There is a flag on the weekly, that will be soon invalidated in 2 weeks. However, the chart still looks bearish. Small engulfing pattern on the weekly with a star shows indecision.

On the daily, BTC forming a right inverted shoulder. H&S in a strong trend usually are continuation patterns. So caution here.
R4899.4, S2937.7...
Potential 812.9 is right there on the weekly... each is flag extension.

If BTCUSD drops, many coins will drop along with it in value fiat wise... An article by @rektcapital is an interesting read below.

“When Altseason?” — How to Time the Most Profitable Period in the Cryptocurrency Market

We may gain some idea on how to profit.

BCHUSD daily

BCHUSD has been trashed and trouble brewing for the developers/ supporters of Roger Vers... Action seems sideways for now... I think there is a need for price recovery from BTCUSD or some big push for things to happen beyond 19 Jan 😐 (14 - 18 Jan something big is happening???) for a break out of the descending wedge pattern.

There is also equal chances of BCH breaking down to lows again.

Disclaimer: This post is of personal opinion only and not an advice to buy/ sell/ hold. The author is not liable to any loses arising directly/ indirectly from reading of this post. 

BTCUSD and BCHUSD update

BTCUSD daily

BTCUSD looks to be heading towards 6899 - 7423 region, where there are some strong levels of support. Price region at support also coincide with a flag extension from 5 - 9 mar 18.
If BTC USD is on a technical retracement, price should be supported there this week.

BCHUSD daily

BCHUSD looks to be heading towards 733 to 847 region. Where there is some strong support. Price coincides with minor channel support and price levels.

Price has reached oversold. Should be supported there this week.

BTC/ BCH overlay

As observed BCH price is also affected by BTC. Interestingly, the price is at the same levels and are moving very close correlation.

A look at Bitcoin cash

Cryptocurrencies are all the rage with their wild swings and stories of billionaires who are made every time it makes new highs.

With current news, such as

Bitcoin price: Cryptocurrency DROPS below 9k after HARSH words from federal commission

Bitcoin price: Why is bitcoin dropping today? BTC down 23 percent on Monday price

cryptocurrencies have been dropping like rocks.

Is this a chance or is this the road to the end?

Here is a Technical analysis for long term chart.

Bitcoin

Bitcoin is forming a bullish hammer at the broken resistance TL, if closes above the TL is bullish.

Bitcoin cash

 Bitcoin cash the result of the hardfork split from Bitcoin may be in the process of forming a butterfly. The pattern is not confirmed yet, as there is no candles in the chart. However, if bitcoin rises, the rest of the cryptocurrencies may be dragged up.

Disclaimer: This is not a recommendation to buy sell or hold.

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.

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 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.