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 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.



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.