Sheng Siong

Sheng Siong - 31st July 2016

Sheng Siong after hitting the low of 86 cents on 26th June 2016 it had since managed to stage a strong recovery and head higher to touch 99.5 cents on 28th July 2016. This is rather bullish.

From the chart we can notice that the share price was in a consolidation mode for quite a long time and a very nice breaking out was triggered with a beautiful white thrust bar witnessed on 21st July 2016 and closed well at 95.5 cents. Couple with high volume this is rather positive.

The current price is staying above the SMA lines and this is generally quite healthy/positive and may continue to see the share price trending new high.

Also both Macd & Rsi are still rising which may provide further catalyst that the share price may continue to trend higher.

Short term wise, I think it is going up to re-visit 99.5 cents soon. Breaking out of 99.5 cents with good volume + swiftly crossing over 1.00 this may propel to drive the share price higher towards 1.05 then 1.10 with extension to 1.20.
(trade base on your own decision)

First Resources

First Resources - 29th July 2016

First Resources seems to be doing a reversal trend after bouncing off from double bottoms.

The current price of 1.62 is hovering above the SMA lines which is generally quite positive.

Also both Macd and Rsi are still rising which may provide further indication that the share price may continue to head higher.

I think short term wise it may go up to revisit 1.68.Breaking out of 1.68 with good volume that may propel to drive the share price higher towards 1.78 and above.
(Trade base on your own decision)

DBS

DBS - 24th July 2016

DBS after hitting the low of 15.00 on 28th June 2016 it had since managed to stage a strong recovery and trend higher to touch 16.39 on 21st July 2016. This is rather bullish.

The current price of 16.29 is staying above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still rising which may provide further catalyst that the share price may continue to trend higher.

Breaking out of 16.39 the recent high with good volume that may propel to drive the share price higher towards 16.80 and 17.00 with extension to 17.56.
(trade base on your own decision)

OCBC Bank

OCBC Bank - 20th July 2016

OCBC Bank after hitting the low of 8.22 on 27th June 2016 it had managed to stage a strong recovery to close higher at 9.00. This is rather bullish .

The recent breakout at 8.94 which is also the major overhead resistance is a double confirmation of the bullish signal for the share price to continue to head further North.

With both Macd & Rsi are still rising this may provide further indication that the share price may continue to trend higher.

I think short term wise it may likely move up to re-visit 9.09. Breaking out of 9.09 with good volume that may propel to drive the share price higher towards 9.40 & above.

(trade base on your own decision)

STI Index

STI Index - 16th July 2016

STI Index had managed to trade above the 200MA at 2825 and closed higher at 2925. This is generally quite bullish.

Both Macd & Rsi are still pointing upwards which may provide further indication that the Index may continue to head higher to test 2964.

With Dow market hitting new high at 18.5k level. This is generally quite bullish and local market may likely follow.

Short term wise , I think if it is able to conquer 2964 with ease then we may be able to see it rises higher towards 3000 then 3025 level.
( trade base on  your own decision)

Silverlake Axis

Silverlake Axis -16th July 2016

Silverlake Axis after touching the low of 47.5 cents on 24th June 2016 it had manged to stage a strong recovery and head higher to touch 58.5 cents on 15th July 2016. This is rather bullish.

From TA point of view it had managed to clear the overhead resistance at 55 cents and closed well at 58.5 cents.Couple with increasing volume this is generally quite positive.

Both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may continue to trend higher towards 60 cents then 62.5 cents.
Breaking out of 62.5 cents with good volume that may drive the share price higher towards 69 cents.
(trade base on your own decision)

Vibrant Group

Vibrant Group - 16th July 2016

Vibrant Group after hitting the low of 32 cents on 1st June 2016 it had gone into a neutral mode.Recently it had managed to stage a strong recovery to head higher to touch 44.5 cents on 12th July 2016.This is generally bullish.

The current price of 42 cents is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the the momentum for driving the share price higher.

Both MACD & RSI are still rising which is also indicating that the share price may continue to trend higher.

Short term wise, I think it may move up to re-attempt the recent  high of 44.5 cents.Crossing over 44.5 cents with good volume that may propel to drive the share price higher towards 49 cents with extension to 55 cents.
(Trade base on your own decision)

Genting Sing

Update - 20th July 2016 - Genting Sing

Genting Sing had managed to cross over the 80 cents overhead resistance and closed well at 80.5 cents today . This is rather positive.

I think short term wise it may move up to re-test 82 cents ( recent high being attained on 18th July).
Breaking out of 82 cents with good volume that may propel to drive the share price higher towards 86 cents then 90 cents.



Genting Sing - 14th July 2016

Genting Sing after hitting the low of 68.5 cents on 28th June 2016 it had since managed to stage a strong recovery and risen up to touch 78.5 cents on 14th July 2016. This is rather bullish.

The current price of 78.5 cents is staying above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.

Short term wise, I think it may continue to trend higher to re-visit 80 cents . Breaking out of 80 cents with good volume that may drive the share price higher towards 87 cents then 90 cents and above.

( trade base on your own decision)

Innovalues

Innovalues - 8th July 2016

Innovalues had a very impressive run from the low of 82 cents from 29th Mar 2016 and staged a strong recovery to trend higher to touch 1.105 on 6th July 2016. Couple with high volume, this is rather bullish.

On 6th July 2016 it had managed to clear the overhead resistance and crossed over 1.095 and closed well at 1.10. This is generally very positive.

With both Macd & Rsi still rising this may likely provide further indication that the share price may continue to trend higher.

Short term wise it may continue to trend higher towards 1.15 then 1.20 with extension to 1.30.
(trade base on your own decision)

CNMC Goldmine

CNMC Goldmine 6th July 2016

CNMC Goldmine had a very impressive run-up from the low of 26.5 cents on 26th May 2016 and trend higher to touch 53 cents on 5th July 2016. This is super bullish.

As witnessed from the chart we had a very nice gap up with beautiful white bar couple with super high volume and closed high at 52.5 cents . This is very positive.

With gold price trending higher, i think CNMC may benefit and may likely continue to see it share price heading higher.

Currently, it is sitting at the resistance level at 52.5 cents. Breaking out of 52.5 cents with good volume that may propel to drive the share price higher towards 57 cents.

With the current price staying above the SMA lines and both Macd & Rsi still rising it may likely provide further indication that the share price may continue to trend new high.

In my opinion, crossing over of 57 cents with ease + high volume that may likely see it share price heading towards 60.5 cents then 66.5 cents with extension to 70 cents.
( trade base on your own decision)

Noble Rights & Mother share

Noble R - 5th July 2016

Noble R today first day of trading is rather impressive with a beautiful white thrust bar presented on the chart and closed well at 10.5 cents .
This is rather bullish . Couple with high volume of 626m Rights changing hand. This is generally quite positive.

In my opinion,this momentum is likely to continue to see it play out for the next two or more trading days as the strong demand is capable of driving the price higher.

Those having Noble share being purchased using Cash will be able to transact the trading of Rights on the SGX market and pocketed the gains from selling these rights.
If they would like to take up the Rights then they may accept the Rights offer via ATM or internet banking( is better to check with your broker if you are having doubts).

As for those Noble share being purchased using SRS account i think they can also do the similar exercise but must indicated selling under SRS.
For those that would like to take up the Rights offer then just have to wait for the letter to come and then just Sign and send back the letter or fax it back to their respective Bank that they have opened this SRS account.

Lastly, for those using CPF I think similarly they can also transact the selling of the Rights on the SGX market but must indicate selling under CPF. Please check with your respective Bank where you had opened this CPF investment account if you are not sure about this procedure.


Noble Mother share - 5th July 2016

Noble after hitting the low of  0.155 on 27th June 2016 it had since staged a strong recovery and head higher to touch 0.205 on 5th July 2016. This is rather bullish.
Couple with high volume this is generally rather healthy/positive.

The current price is also hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are trending higher which may likely provide further indication that the share price may continue to trend higher.

In my opinion, breaking out of 21.5 cents with good volume  (which is also the current resistance) with ease that may propel to drive the share price higher towards 26 cents with extension to 30 cents.
( trade base on your own decision)

Cosco

Cosco 4th July 2016

Cosco had a nice white thrist bar appeared on the chart today and closed well at 32 cents couple with good volume this is generally quite positive.

A reversal signal seems to have formed today and in my opinion it may likely follow through to move up to test 33 cents.

With both Macd & Rsi is showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Breaking out of 33 cents with good volume that may drive the share price higher towards 35.5 cents then 39 cents with extension to 40.5 cents.
(Trade base on your own decision)





COSCO - 14th Mar 2016

COSCO after hitting the low of 28.5 cents on 16th Feb 2016 had 2016 to edge up higher to touch 40.5 cents on 10th Mar 2016. This is rather impressive/bullish despite negative FY2015 result.

The current price is hovering way above the SMA lines which is generally rather positive.

Also both Macd & Rsi are still trending upwards that may provide further catalyst that the share price may continue to head higher.

Breaking out of 40.5 cents with good volume that may propel to drive the share price higher towards 47 cents with extension to 53.5 cents.
(trade base on your own decision)

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Jumbo

Jumbo - 3rd July 2016

Jumbo after hitting the high of 62 cents on 8th June 2016 it has since retraced and went down to touch 55 cents on 24th June 2016 .A good break/pause after the impressive runned-up and is now gaining strength which was witnessed by the long thrust bar that was happening on 1st July 2016 and closed well at 61 cents. This is generally quite bullish.

Both Macd & Rsi are still rising and may provide further indication that the share price may continue to trend higher.

Short term wise look for a breakout at 62 cents + good volume that may propel to drive the share price higher towards 65 then 70 cents with extension to 80 cents.
(Trade base on your own decision)

HYFLUX

HYFLUX - update 2nd July 2016

Hyflux one of the will known player for clean water business and also venturing into waste energy business is generally positive and may likely contribute to the rise in boosting company revenue and also profit level.

With oil price moving up the channel and market analyst predicting oil price may hit 60 mark level in end 2016, this may likely benefit Hyflux .

The current price is hovering above the SMA lines which is generally quite positive.

Looks like it may move up to re-test 62.5 cents.Judging from the low volume being transacted for the past few days. Breaking out of 62.5 cents with good volume that may drive the share price higher toward 66 cents then 70 cents and above.

(trade base on your own decision)



Hyflux - 20th June 2016

Hyflux after hitting the low of 47 cents on 12 Feb 2016 it has since managed to stage a recovery and risen up to touch 66 cents on 10th Mar 2016. This is rather bullish.

It has been trading in a neutral mode within the price range of 58.5 cents to 65.5 cents for the next 7 weeks and finally broken down to touch 53.5 cents on 24th May which is also resting on the Fibonacci 38.2% support level .

After touching the low of 53.5 cents it had since managed to rebound and rises up to touch 62 cents on 15th June 2016. This is generally quite positive.

On 16 & 17 June we have witnessed the Fibonacci retracing from 78.6% to 61.8% to close at 58.5 cents. Today it has managed to bounce off from Fibonacci 61.8% which is a very important support and significant move and rises high to close well at 61 cents. This is rather bullish.

Both Macd & Rsi are still rising and this may provide further indication that the share price may continue to trend higher.

The current price is staying above the SMA lines which is generally rather healthy/positive and may likely stage a strong rebound to cross over the immediate resistance at 62 cents (Fibonacci 78.6%) and rises higher towards 66 cents and above.

(trade base on your own decision)

Global Logistic

Global Logistic - 2nd July 2016

Global Logistic after hitting the low of 1.73 which is quite close to previous low/support level at 1.715 had managed to stage a rebound and move up to touch 1.815 on 30th June 2016. This is generally quite positive.

The current price is hovering about or slightly above the SMA lines which is quite healthy/positive.
Looks like it may move up to test 1.83 soon.

with both Macd & Rsi are showing sign of a positive divergence this may likely provide further indication that the share price may continue to trend higher.

Crossing over of 1.83 with good volume that may propel to drive the share price higher towards 1.90 then 1.93 with extension to 2.00 and above.

With recent spat of company buying back share and the Final dividend of 6 cents may likely support the price ...

(trade base on your own decision)