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Saturday, July 30, 2016

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)

Friday, July 29, 2016

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)

Saturday, July 23, 2016

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)

Wednesday, July 20, 2016

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)

Saturday, July 16, 2016

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)


Friday, July 15, 2016

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)