Update for Noble Grp 18 Feb 2014 - Noble is holding up well at the current price of 98.5 cents. All 3 indicators are showing sign of pointing upwards which is rather positive. Breaking out of $1.00 with good volume that may drive the share prices higher towards $1.05.
(trade base on your own decision)
Update for Noble Grp 06 Feb 2014 - Noble will need to breakout 97.5 cents with good volume in order to move higher and reverse this downtrend. Both indicators such as Stochastic & RSI are showing sign of turning upwards which is quite positive that may propel to drive the share prices higher towards $1.00 then $1.10.
(trade base on your own decision)
Update for Noble Grp 28 Jan 2014 -
Noble has indeed went down to 91 cents and bounced off to close well at 95 cents on 27 Jan 2014 . Today 28th Jan has also followed through by closing well at 97 cents with a double white soldier for two days couple with quite a good volume which is quite positive. Today also trigger the confirmation candle that may signal for the prices to go up. More likely to move up to test $1.00 then $1.05.
(trade base on your own decision)
Update for Noble Grp 23 Jan 2014 - Noble is showing an engulfing black candle couple with high volume and broken down 99.5 cents which is very bearish. High chance of heading down to test 95 cents then 90 cents soon.
(trade base on your own decision)
Update for Noble Grp 3 Jan 2014 - Noble hit the high of $1.08 on 31 Dec 13 but was not able to clear $1.085 to go higher. Prices had drifted down to $1.04 on 3 Jan 2014 which doesn't look positive for the share prices as it has closed below the support level of $1.05. Breaking down of $1.025 will be quite bearish for the stock prices to go down to test 99.5 cents.
(trade base on your own decision)
Update for Noble Grp 31 Dec 2013 - Noble is holding up will at $1.06. Both indicators such as Stochastic and MACD are still on a uptrend mode.Looking good to go higher. Look to see if it is able to breakout $1.085 with strong volume, that will send the prices higher to $1.12.
(trade base on your own decision)
Update for Noble Grp 27 Dec 13 - On Friday Noble manage to breakout $1.055 with good volume this is very positive. Moving up nicely to test $1.08 soon. If it is able to breakout $1.08 then more likely to go up to $1.12.Short term TP $1.15.
Update for Noble Grp 26 Dec 13 - Noble seems to be hovering between 99.5 cents to $1.05.All 3 indicators such as MACD, RSI & Stochastic are turning upwards. Good chance that it may move up to clear $1.055 then $1.08 in order to reverse this down trend.
(Trade base on your own decision)
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Noble Grp looks bearish. The only consolation is that Stochastic is showing sign of turning upwards and current price is merely supported by its NAV.
Unless it is able to cross over $1.08 with strong volume, if not, breaking down of $1.01 may see the price testing 99.5 cents soon. If 99.5 cents cannot hold then 92 cents is imminent.
(Trade base on your own decision)
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Tuesday, December 17, 2013
Tiger Air
Update for TigerAir 12th Feb 2014 - TigerAir seems like having a dead cat bounce today . It has bounced off from the low of 41.5 cents to close at 45.5 cents today. Volume has also slightly picked-up which is rather positive. Short term it may move up towards 49.5 cents to fill up the falling gap. All 3 indicators such as MACD,RSI & Stochastic are also turning upwards which may support the prices from going up.
(trade base on your own decision)
Update for TigerAir 25th Jan 2014 - TigerAir is super bearish. Last Friday dropped more than 9.2% from 49 cents to closed at 44.5 cents. All 3 indicators are pointing downwards which is rather negative. Quote from Todayonline/business(25th Jan 2014)
"Tigerair shares hit turbulence
after earnings disappoint"
Short term remain weak. It may go down to test 40 cents soon.
Breaking down of 40 cents may see 35 cents.
(trade base on your own decision)
Update for Tigerair 20th Jan 2014 - TigerAir is still very bearish. Presently it is hovering between 48.5 to 50 cents. It will need to cross over 51.5 cents with good volume in order to reverse this downtrend. Indicators such as Stochastic & RSI are showing sign of turning up which may help to prevent the prices from dropping further.
(trade base on your own decision)
update for Tigerair 9th Jan 2014 - Yesterday selling down from 51.5 cents to 49.5 cents and managed to closed at 50 cents with high volume of which in my opinion is quite negative. All 3 indicators such as MACD, RSI & Stochastic are als0 showing sign of turning downwards. Breaking down of 49 cents will see the prices drop further down to 45 cents.
(trade base on your own decision)
Tigerair is planning to accelerate business growth in other key Asian markets such as Taiwan,Japan,
Fixed Income Investment
(trade base on your own decision)
Update for TigerAir 25th Jan 2014 - TigerAir is super bearish. Last Friday dropped more than 9.2% from 49 cents to closed at 44.5 cents. All 3 indicators are pointing downwards which is rather negative. Quote from Todayonline/business(25th Jan 2014)
"Tigerair shares hit turbulence
after earnings disappoint"
Short term remain weak. It may go down to test 40 cents soon.
Breaking down of 40 cents may see 35 cents.
(trade base on your own decision)
Update for Tigerair 20th Jan 2014 - TigerAir is still very bearish. Presently it is hovering between 48.5 to 50 cents. It will need to cross over 51.5 cents with good volume in order to reverse this downtrend. Indicators such as Stochastic & RSI are showing sign of turning up which may help to prevent the prices from dropping further.
(trade base on your own decision)
update for Tigerair 9th Jan 2014 - Yesterday selling down from 51.5 cents to 49.5 cents and managed to closed at 50 cents with high volume of which in my opinion is quite negative. All 3 indicators such as MACD, RSI & Stochastic are als0 showing sign of turning downwards. Breaking down of 49 cents will see the prices drop further down to 45 cents.
(trade base on your own decision)
Tigerair is planning to accelerate business growth in other key Asian markets such as Taiwan,Japan,
South Korea,and India,even as its Singapore and South ‐ east Asian operations continue in the red on low margins and falling passenger yields.
Tigerair announced strategic alliances with three airlines ‐ Taiwan's, China Airlines, India's low
‐ cost airline SpiceJet, and Singapore Airlines' Scoot to expand its network and commercial cooperation. quote - The Business Times / Bloomberg / Straits Times
Tigerair seems to have bounced off from the recent support of 49.5 - 50 cents and the 3 indicator such as MACD, RSI & Stochastic are turning upwards. Today attempt to breakout 52.5 cents didn't seem to be able to close above this price .
If it is able to breakout 53 cents with good volume then it may move up to 56 cents and then 60 cents.
Monday, December 16, 2013
Biosensors
Update for Biosensor 5 Apr 2014 - Biosensors is on a down trend mode as reflected from TA point of view. A;; 3 indicators are still pointing downwards with no sign of reversal. High chance of test 90 cents soon then perhaps revisit 86 cents.(trade base on your own decision)
Update for Biosensor 29 Mar 2014 - Biosensors is rather weak from TA point of view. All 3 indicators are pointing downwards which is rather negative. Last Friday closing price of 93.5 cents has broken down the support level at 94.5 cents. Short term it may go down to test 90 cents then 87 cents.(trade base on your decision)
Update for Biosensor 2 Mar 2014 - Biosensors had attempted to breakout $1.03 on 18 & 26 Feb but was not able to cross over successfully. It has since retreated to 97.5 cents on 28 Feb 2014. All 3 indicators are showing sign of turning downwards which is quite negative. Short term it may go down to test 94.5 cents. Breaking down of 94.5 cents with high volume may see it goes further down to 90 cents then 87 cents. Also there is no further news about being taken over or going private. Think it is better to secure your profit first . High chance of going lower .
(trade base on your own decision)
Update for Biosensor 20th Feb 2014 - Biosensors had risen up to a high of $1.03 on 18th Feb and closed well at 99.5 cents on the same day. Volume was super high which is rather positive. Yesterday closed with little prices fluctuation plus the volume is not too high is generally quite healthy. Waiting to see if it is able to continue this uptrend mode . Breaking out of $1.03 will trigger this uptrend continuation.
(trade base on your own decision) FREE PAID SURVEY
Update for Biosensor 16th Feb 2014 - Biosensors is hovering between 85 to 88 cents. Last Friday closed at 87 cents couple with slight increase of volume is rather positive. All 3 indicators MACD, RSI, & Stochastic are showing sign of pointing upwards which may support the prices to move up towards 90 cents. Company last Friday also happened to buy back 300,000 shares at 87 cents which may lend support to boost the share prices higher. NAV of 93 cents + the buying of shares by new COO & Citic vested at $1.05 indicates that Biosensors is rather undervalue.
Short term it may move up towards NAV of 93 cents . Breaking out of 93 cents with high volume that may drive the share prices to $1.00 then $1.05.
Current price of 87 cents provides a good opportunity to consider to accumulate.
(Trade base on your own decision)
Update for Biosensor 7th Feb 2014 - Biosensors is on a co so;idation pattern as indicated from TA point of view. All 3 indicators MACD, RSI, & Stochastic are showing sign of turning upwards which is quite positive. It may move up to clear 90 cents soon. Breaking out of 90 cents with high volume that may drive the share prices towards 95 cents .
(trade base on your own decision)
Update for Biosensor 27th Jan 2014 - Biosensor is having a consolidation pattern as reflected on the chart. Currently, it is hovering between 86 to 91 cents. Immediate resistance is to clear 91 cents in order to move up from this consolidation pattern.Clearing of 91 cents may move up to test 93 cents. Breaking out of 93 cents with good volume may send the prices higher to 99 cents.
(trade base on your own decision)
Update for Biosensor 10th Jan 2014 - Biosensor had indeed broke-out 89.5 cents on 10 Jan 2014 with high volume and closed well at 91.5 cents. All 3 indicators such as MACD, RSI, & Stochastic are also turning upwards. This is rather positive. Looking good to conquer 95 cents with good volume that may drive the share prices higher to 99 cents or $1.00.
(trade base on your own decision)
Update for Biosensor 8 Jan 2014 - Biosensor is holding up well above 87 cents. Today company just bought back another 200,000 shares at 87 cents.More likely will move up to cross over 89.5 cents as both Stochastic & RSI is still trending upwards.Short term TP 99 cents.
(trade base on your own decision)
Update for Biosensor 3 Jan 2014 - Biosensor is having a dead-cat bounced. Fri white candle with a small fluctuation of prices plus couple with not so high volume seems good for it to move up to test 89.5 cents then 92 cents. Breaking out of 89.5 cents with good volume will be very positive.
(trade base on your own decision)
Stock Winning Trade
Update for Biosensor 31 Dec 2013 - Today sell down is a golden opportunity to BUY. Price opened at 87 cents and kept selling down to 79.5 cents before being buy back by the company and manged to close at 83.5 cents. Today volume is super high at 24.36m. High chance that it will throw back after a drastic sell-down. Immediate reaction will be moving up to test 92 cents.If it is able to cross over 92 cents with good volume then next level will be 95 cents.
(trade base on your own decision)
Update for Biosensors 27 Dec 13 - Biosensors on 23 Dec 13 hit the high of 95 cents but did not manage to hold up well and came pouring down to 88 cents. Chartwise is looking bearish. It may go down to test 85.5 cents soon. If you are thinking to long, it will be wise to wait to see if it can bounce off from the support of 85.5 cents before entering?
(trade base on your own decision)
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Biosensors - seems to be well supported at 88.5 cents.
All three indicators such as MACD, RSI & Stochastics are showing sign of turning up.
Look for the right signal to long if it is able to breakout 93 cents with good volume then it is going up to test $1.00 soon.
(Trade base on your own decision)
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Update for Biosensor 29 Mar 2014 - Biosensors is rather weak from TA point of view. All 3 indicators are pointing downwards which is rather negative. Last Friday closing price of 93.5 cents has broken down the support level at 94.5 cents. Short term it may go down to test 90 cents then 87 cents.(trade base on your decision)
Update for Biosensor 2 Mar 2014 - Biosensors had attempted to breakout $1.03 on 18 & 26 Feb but was not able to cross over successfully. It has since retreated to 97.5 cents on 28 Feb 2014. All 3 indicators are showing sign of turning downwards which is quite negative. Short term it may go down to test 94.5 cents. Breaking down of 94.5 cents with high volume may see it goes further down to 90 cents then 87 cents. Also there is no further news about being taken over or going private. Think it is better to secure your profit first . High chance of going lower .
(trade base on your own decision)
Update for Biosensor 20th Feb 2014 - Biosensors had risen up to a high of $1.03 on 18th Feb and closed well at 99.5 cents on the same day. Volume was super high which is rather positive. Yesterday closed with little prices fluctuation plus the volume is not too high is generally quite healthy. Waiting to see if it is able to continue this uptrend mode . Breaking out of $1.03 will trigger this uptrend continuation.
(trade base on your own decision) FREE PAID SURVEY
Update for Biosensor 16th Feb 2014 - Biosensors is hovering between 85 to 88 cents. Last Friday closed at 87 cents couple with slight increase of volume is rather positive. All 3 indicators MACD, RSI, & Stochastic are showing sign of pointing upwards which may support the prices to move up towards 90 cents. Company last Friday also happened to buy back 300,000 shares at 87 cents which may lend support to boost the share prices higher. NAV of 93 cents + the buying of shares by new COO & Citic vested at $1.05 indicates that Biosensors is rather undervalue.
Short term it may move up towards NAV of 93 cents . Breaking out of 93 cents with high volume that may drive the share prices to $1.00 then $1.05.
Current price of 87 cents provides a good opportunity to consider to accumulate.
(Trade base on your own decision)
Update for Biosensor 7th Feb 2014 - Biosensors is on a co so;idation pattern as indicated from TA point of view. All 3 indicators MACD, RSI, & Stochastic are showing sign of turning upwards which is quite positive. It may move up to clear 90 cents soon. Breaking out of 90 cents with high volume that may drive the share prices towards 95 cents .
(trade base on your own decision)
Update for Biosensor 27th Jan 2014 - Biosensor is having a consolidation pattern as reflected on the chart. Currently, it is hovering between 86 to 91 cents. Immediate resistance is to clear 91 cents in order to move up from this consolidation pattern.Clearing of 91 cents may move up to test 93 cents. Breaking out of 93 cents with good volume may send the prices higher to 99 cents.
(trade base on your own decision)
Update for Biosensor 10th Jan 2014 - Biosensor had indeed broke-out 89.5 cents on 10 Jan 2014 with high volume and closed well at 91.5 cents. All 3 indicators such as MACD, RSI, & Stochastic are also turning upwards. This is rather positive. Looking good to conquer 95 cents with good volume that may drive the share prices higher to 99 cents or $1.00.
(trade base on your own decision)
Update for Biosensor 8 Jan 2014 - Biosensor is holding up well above 87 cents. Today company just bought back another 200,000 shares at 87 cents.More likely will move up to cross over 89.5 cents as both Stochastic & RSI is still trending upwards.Short term TP 99 cents.
(trade base on your own decision)
Update for Biosensor 3 Jan 2014 - Biosensor is having a dead-cat bounced. Fri white candle with a small fluctuation of prices plus couple with not so high volume seems good for it to move up to test 89.5 cents then 92 cents. Breaking out of 89.5 cents with good volume will be very positive.
(trade base on your own decision)
Stock Winning Trade
Update for Biosensor 31 Dec 2013 - Today sell down is a golden opportunity to BUY. Price opened at 87 cents and kept selling down to 79.5 cents before being buy back by the company and manged to close at 83.5 cents. Today volume is super high at 24.36m. High chance that it will throw back after a drastic sell-down. Immediate reaction will be moving up to test 92 cents.If it is able to cross over 92 cents with good volume then next level will be 95 cents.
(trade base on your own decision)
Update for Biosensors 27 Dec 13 - Biosensors on 23 Dec 13 hit the high of 95 cents but did not manage to hold up well and came pouring down to 88 cents. Chartwise is looking bearish. It may go down to test 85.5 cents soon. If you are thinking to long, it will be wise to wait to see if it can bounce off from the support of 85.5 cents before entering?
(trade base on your own decision)
WIN TOTO 1ST PRIZE
Biosensors - seems to be well supported at 88.5 cents.
All three indicators such as MACD, RSI & Stochastics are showing sign of turning up.
Look for the right signal to long if it is able to breakout 93 cents with good volume then it is going up to test $1.00 soon.
(Trade base on your own decision)
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SATS
Update for SATS 13th Apr 2014 - SATS looks rather weak at this moment. All 3 indicators are pointing downwards which is rather negative. Breaking down of $3.01 may see it goes further down towards $3.00(trade base on your own decision).
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Update for SATS 29th Mar 2014 - SATS is in a neutral mode from TA point of view. All 3 indicators are showing sign of turning upwards which is quite positive. Short term it may go up to test $3.09. Breaking out of $3.09 with good volume that may drive the share prices higher towards $3.20.(trade base on your own decision)
Update for SATS 18th Mar 2014 - SATS had been super bearish and went down all the way to $2.93 on 3 Mar 2014. It has since risen up to close at $3.07 on 17 Mar 2014. This is generally healthy. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.09 with good volume may see it move up towards $3.20 soon.(trade base on your own decision)
Update for SATS 20th Jan 2014 - SATS is on a consolidation pattern as indicated on the TA point of view. Both indicators such as MACD & Stochastic are showing sign of turning upwards which is quite positive. Breaking out of $3.23 with high volume may send the prices higher to $3.30 - $3.35 soon.
(trade base on your own decision)
Update for SATS 8th Jan 2014 - SATS still looking good to continue moving upwards.Today closing price of $3.22 couple with good volume is good to drive the share prices higher. All 3 indicators are turning upwards which is rather positive. Crossing over $3.25 will be very positive.
Short term TP $3.40
(trade base on your own decision)
Update for SATS 24 Dec 13 - The signal was triggered on 20 Dec and it is now resting to before moving up. Look to see if it is able to breakout $3.25 with good volume then that may send the prices higher to $3.40.
We remain Overweight Singapore’s aviation services sector. With airlines in the region poised to embark on capacity expansion in 2014, we see a higher volume of workload in store for domestic companies such as SATS(BUY, TP: SGD4.00)
Expect the market to focus on 3 key issues: 1)Impact of rising interest rates, 2) Ability to raise DPS and 3)Key events for individual stocks.
SATS is our top pick for 2014 lifted by a combination of positive events in the year,
compelling valuations and attractive dividend yields of 5.1-5.8% over the next three years.
(quote from Maybank Kim Eng)
Both MACD & RSI is showing sign of reversal. If is it able to cross over $3.17 with good volume that will signal a confirmation of the reversal pattern.
Saturday, December 14, 2013
DBS Bank
Update for DBS 23 Mar 2014 - DBS seems to have bounced off from the low of $15.63 on 21st Mar 2014 and closed well at $15.83. Volume is rather high which is generally healthy for supporting the stock prices of heading higher. Crossing over of $16.00 with good volume that may reverse this downtrend. All 3 indicators are showing sign of turning upwards which is rather positive. Short term it may move up to test $16.00 then $16.30.(trade base on your own decision)
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Update for DBS 1 Mar 2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)
Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)
Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision)
Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
(trade base on your own decision)
Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)
DBS is our top sector pick.
Of the three Singapore banks under our coverage, we believe DBS is best positioned
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
to take advantage of arising interest rate environment, given its liquid balance sheet
and strong deposit franchise with cheap funds.
We have a TP of SGD19.70 for DBS. quote from Maybank Kim Eng
Thursday, December 12, 2013
SingTel
Update for Singapore Telecom 16 Apr 2014 - SingTel is on a uptrend mode as reflected from TA point of view. Yesterday breaking out of $3.68 with quite good volume plus closed well at $3.70 this is generally positive. All 3 indicators are pointing upwards which may support the share prices from heading higher. Short term more likely to move up towards $3.78.(trade base on your on decision)
Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)
Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)
Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)
Update for Singapore Telecom 17th Jan 2014 - SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)
Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)
Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)
Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)
Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)
Update for Singapore Telecom 17th Jan 2014 - SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)
Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)
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