SingTel

SingTel - 19th January 2016

SingTel is on a downtrend mode as reflected on the chart. The current price of $3.50 is staying below both 14SMA & 25SMA lines which is generally quite bearish.

On 21st Dec 2015 SingTel went Ex.Dividend of 6.8 cents and closed lower at $3.67. In fact the previous day high was at $3.76 and the price has been corrected more than the declared dividend.

It had since continued to trend lower and touched $3.40 on 8th January 2016 with high volume. This is generally viewed as quite negative. Also both MACD & RSI are pointing downwards which may provide further indication that the price may continue to head lower to $3.27 then $3.12.

$3.70 is the Resistance level and $3.40 is the current support level.

If it is able to cross over $3.70 with ease then perhaps this may reverse this downtrend and head higher.

If not, Breaking down of $3.40 with high volume that may send the price further down to $3.12.
(trade base on your own decision)

Olam Intl

Olam Intl - 17th January 2016

Olam Intl has broken down the critical support level at $1.68 on 15th January and close lower at $1.665. This is rather bearish. the current price is staying below both 14SMA & 25SMA lines and may see further weakness for the price to head lower.

Also both MACD & RSI are pointing downwards which may be a tell tale sign that the price may continue to trend lower.

From the chart we can see that there is not much major support to stop the price to fall from $1.665 to $1.46 that was tested in Jan 2014.

Short term wise STI market is gearing more towards down side / bearish mode and it may be possible for Olam Intl to re-test the low of $1.46 again.
(trade base on your own decision)

Wilmar Intl

Wilmar Intl - 17th January 2016

Wilmar Intl on 15th January 2016 has broken down the support level at $2.74 and close lower at $2.67. This is generally rather negative.
The current price of $2.67 is staying below both 14SMA & 25SMA lines which is rather bearish and may see further weakness for the price to head lower.

Both MACD & RSI are also pointing downwards which may provide further indication that the price may head lower to test the next recent low at $2.46.

$2.46 was the historical price dated somewhere back in Nov 2008. If $2.46 has been taken down then it may continue to trend lower towards $2.00.

(trade base on your own decision)

Osim Intl

Osim Intl - 17th January 2016

Osim Intl has broken down the critical support level at $1.00 which is rather bearish.
It has continue to trend lower to close at $0.955 on 15th January 2016.
The current price is now staying below both 14SMA & 25SMA lines which may see further weakness for the price to head lower towards $0.90.

Breaking down of 90 cents , we may see further selling pressure towards 80 cents then 75 cents.

Osim current chart pattern is not so awesome any more. It may be gearing towards further South.
(trade base on your own decision)

SMRT

SMRT - 17th January 2016

SMRT is on a downtrend mode as reflected from the chart.
The current price of $1.365 is hovering below 14SMA & 25SMA lines which is generally quite negative. It has broken down the support level at $1.38 which is rather crucial and me see further selling down pressure.

Both MACD & RSI are pointing towards downtrend mode which may see further weakness for the price to head lower towards $1.335.

Breaking down of $1.335 with great volume may it price head further South towards $1.29 then $1.20.

Current market trend is gearing towards down trend mode. STI has just broken the critical level of 2700 points and may continue to trend lower towards the next support level at 2520 points.

The market trend is more favourable for shortist .

Shortist may camp over night at $1.335 to wait for this price to be taken out. Once $1.335 has been taken down they can expect to book a profit and let the weakness of the price to fall towards $1.29 then $1.20...

(trade base on your own decision)

KepCorp,SembCorp & SembMarine

Keppel Corp , Semb Corp & Semb Marine

With oil price heading lower and breaking $30 per barrel , it is going to be super bearish and indirectly affecting the future contracts and revenue for Rigs builder  such as Keppel Corp, Semb Marine and Semb Corp Industries.

As reflected on the chart, Keppel Corp has been dropping quite furious from the high of $6.55 to a low of $4.84 within a span of 10 trading days. The price is hovering way below both SMA lines such as 20SMA,50SMA & 100SMA lines which is generally very bearish/negative.

From TA point of view , it is on a down trend mode. With both MACD & RSI driven into a oversold situation , short term wise it is overdue for a technical rebounce. Whether the rebounce is going to be strong or not that also depends quite a lot on oil prices and the China market.

If after the re-bounced and again the price dropping down and breaking down of $4.80 support level that may send the price lower towards $4.50 then $4.00 is imminent.

Quite similar pattern can be seen for Semb Corp Industries from the chart below.:

 Short term wise it may continue to trend lower towards $2.00 then $1.80.

Semb Marine is also in the same situation like Keppel Corp & Semb Corp Industries as reflected from the chart .

It may continue to trend lower towards $1.20 then $1.00 soon.

The situation now is that the oil price is not going to get any better. It may continue to drift lower as it has just broken the $30 barrier that is rather negative.Some analyst are focusing to go lower towards $20 per barrel.


(trade / invest base on your own decision)