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Friday, September 29, 2017

Sembcorp Marine

Sembcorp Marine - looks like it may likely move up to retest the recent high of 1.76.


Crossing over with ease + good volume that may propel to drive the share price higher to 1.80 then 1.83 with extension to 1.90.
Not a call to buy or sell.
dyodd.

Sunday, September 24, 2017

SPH

SPH  - 22nd Sept 2017

SPH has been experiencing a super Bearish selling from the high of $4.00 to a low of $2.54 on 12th Sept. There are some positive divergence indication that the worst is over for this overly beaten down counter.



The price had managed to bounce-off from the low of 2.54 to a high of 2.74 on 22 the Sept.

I am waiting for a breakout above 2.74 decisively that may propel to drive the share price higher towards 2.83 then 2.90.

Not a call to buy or sell.
dyodd.

( trade base on your own decision)

Saturday, September 23, 2017

Moya Asia

Moya Asia - 22nd Sept 2017

Moya Asia has manged to cross over the upper resistance trend line and closed well at 12.1 cents.
This is generlly quite positive.



Short term wise, I think it may likely  re-capture 12.5 cents the recent high.
Crossing over with ease + good volume that may propel to drive the share price higher to retest 13.3 cents with extension to 14 /15 cents.
Do remember this is a Ultra Penny stock counter and it involves higher risks when dealing with Ultra Penny stock counter.
Not a call to Buy or Sell.
dyodd

( trade base on your own decision)

Metro

Metro - 22nd Sept 2017

Metro had a very nice running up from the low fo 1.195 on 12th Sept 2017 and continue to move up to test 1.32 on 22nd Sept 2017.



On Friday it has managed to close well at 1.305 and couple with quite a high volume this is generally quite positive.

Meanwhile we may experience a shadow pullback before gathering the momentum again to re-test the high of 1.32. Crossing over of 1.32 with good volume that may propel to drive the share price higher to 1.35 then 1.40 with extension to 1.50.
Not a call to Buy or Sell.
dyodd.

( trade base on your own decision)

Sunday, September 17, 2017

ComfortDelgro

Update : 25 Mar 2018

Comfort Delgro is still trap in a consolidation mode as reflected on the chart . It is still on a Long term downtrend. Current price of $1.99 is hovering neat the recent low of $1.97 .Breaking down of this level would be rather bearish! I think it may go further down to retest $1.90 then $1.87 with extension to $1.80.
Not a call to buy or sell.
Dyodd.

ComfortDelgro - 16th Sept 2017

ComfortDelgro has been on a downtrend mode after touching the high of 2.76 on 26th April 2017 and continue to go down to hit 2.09 on 14th Sept 2017.This is rather bearish.

I think The recent spade of selling off could be due to lower qtr to qtr revenue dropped for the taxi rental revenue that is what has been reflected on the weakness of the price.



The intense competition for the new comer such as Uber & Grab are posting a great challenge for the taxi industry..


From TA point of view it is on a bearish downtrend mode as reflected on the chart.
The current price has fallen below the SMA lines as well as the lower Trend line support level.
Looks like it is currently trying to defend the psychological support level at 2.10.
Once that has been broken down, i think it may continue to slide down further towards 2.00 then 1.90 with extension to 1.70.

Not a call to sell or buy.
dyodd.
( trade base on your own decision)


Friday, September 15, 2017

M1

M1 - 16th Sept 2017

M1 after touching the high of 2.31 on 17th May 2017, it had since retreated and being heavily sold down to hit the low of 1.705 on 11th Aug . This is rather bearish!

The price has since recovered and rising higher to close at 1.795 on 15th Sept. It is currently trading in a consolidated zone and may likely move up to retest the recent high of 1.855.



I have not seen company buying back share for so many years and the recent share purchased done by the company on 17,18 and 21st Aug 2017 is deemed as a boost of confidence.
The total quantities of share buying back is as follows:-

1. 3000m share at 1.74-1.78 on 17th Aug.
2. 400500.500 share at 1.77-1.795 on 18th Aug
3. 1599500 share at 1.81-1.82 on 21st Aug

TA wise it is showing some form of positive divergence as can be seen from the MACD rising nicely in a orderly manner. Bollinger Bands is in a very tight condition and may be bursting up any moment.

Short term wise, I think it may likely move up to re-test 1.855. Crossing over 1.855 with ease + good volume that may propel to drive the share price higher to 1.90 with extension to 2.00 and above.
Not a call to buy or sell.
dyodd
( trade base on your own decision)