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 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.



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.