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Wednesday, January 27, 2016

UOB

UOB - 27th January 2016

UOB has gone into downtrend mode after hitting the high of $19.74 on 30th Dec 2015 and closed lower at $17.44 on 17th Jan 2016. This is rather bearish.

The current price of $17.44 is hovering below both 14SMA & 25SMA lines which is generally quite negative.


Also MACD is pointing downwards which may provide further indication that the share price may continue to head lower. The only consolation is that RSI is showing sign of a positive divergence.

STI may attempt to go down to test 2520 level. If that happens UOB may likely follow suit to go down to test $17.00.

Market is being geared towards down side . Unless tonight Dow can close positively with some good news from FED regarding interest rate direction.

If not,breaking down of $17.00 may drive the share price to trend lower towards $16.00 then $15.00.

In my opinion if the price is able to cross over $18.40 with ease and couple with high volume then that may reverse this downtrend and may head higher to test $19.20 then $20.00.
(trade base on your own decision)

Tuesday, January 26, 2016

DBS

DBS - 26th January 2016

From the chart we can notice that DBS attempted to do a technical rebound on 25th January 2016 with the nice Gap up to $14.10 when started trading and closed higher at $14.15. The volume was also quite high which is rather positive. But it has soon given up this rebound as witness on today closing price of $13.76 which is slightly lower then the previous low of $13.77 on 21st Jan 2016.
This is generally rather bearish.

Both MACD & RSI are still pointing downwards which may provide further indication that the share price may continue to head lower.
Short term wise it may continue to trend lower towards $13.00.
Breaking down of $13.00 may see it goes down to re-visit $12.00.


(trade base on your own decision)


Monday, January 25, 2016

OLAM International

Update - OLAM International - 25th January 2016

Olam International today has broken down the previous low of $1.61 as reflected on the chart with a Long Black candle stick , this is generally very negative.

As mentioned before , there is not much major support to stop the price from drifting lower.
Short term can expect the price to fall further towards $1.50 then $1.45.
(trade base on your own decision)


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)

Saturday, January 23, 2016

ComfortDelGro

Comfort DelGro - 24th January 2016

Comfort DelGro - 24th January 2016

Comfort DelGro has been on a downtrend mode after hitting the high of $3.05 on 6th January 2016 and head lower to close at $2.88 on 22nd January 2016.
The current price of $2.88 is hovering below both 14SMA & 25SMA lines which is generally quite bearish.



Also MACD indicator are pointing  downwards which may provide further indication that the price may continue to head lower to re-test the previous low of $2.79.

Breaking down of $2.79 with high volume that may send the price to head further South towards $2.58. 

Any rebound will be a good options to consider to take profit or exit.
(trade base on your own decision)

Friday, January 22, 2016

KepCorp

Update - Keppel Corp - 25th January 2016

There is no sign of reversal or U-turn yet as indicated from the chart.


Today price gap up to $5.11 but closed lower at $4.81 plus high volume , this is rather bearish.
Short term it may continue to go down to test the previous low of $4.64. Breaking down of $4.64 with high volume that may drive the share price to head further towards $4.50 then $4.00 .
(trade base on your own decision)


Keppel Corp - 23rd January 2016

KepCorp is still on a downtrend mode as reflected on the chart, The current price of $5.02 is hovering below both 14SMA & 25SMA lines which is rather negative.



With overnight Dow went up 210 points + oil prices spike with 9% , Monday may see a gap up/strong rebound . Any rebound will be a good options/opportunities to exit or minimize loss.
It may re-visit $5.24 then $5.50.

Do not think that the spike in oil price is due to a sudden increase in demand or a drop of supply.
Generally the whole oil situation is geared towards over supply. With US I think being self- sufficient to produce shale oil to cover their own oil demand and Iran supplying more oil in the context of this oil saga( over supply) .With Saudi continue to supply the same volume/production of oil, it is not going to get any better. I think many people are buying Oil Tanker to store the oversupply oils.
With China economy not so rosy , the whole situation may get worse.

Please trade extra cautiously.
(trade base on your own decision)



SingPost

Update :  Singapore Post - 27th January 2016

Today we have witnessed the free fall of the price from the high of $1.465 and closed lower at $1.39. The volume is also quite high.This is super bearish.

Short term wise it may be due for a technical rebound as the prices has been driven into an oversold territories.


It is still on a downtrend mode and even if a technical rebound may happen it is still being geared towards down side.
Further breaking down of $1.38 may likely see the share price head lower towards $1.30 with extension to $1.25.

At $1.25(yield about 5.6%) Fair value may set in and hopefully we may see more people coming in to accumulate to stabilize the price from falling further.

(trade base on your own decision)


Update : Singapore Post - 26th January 2016

SingPost has again went down to touch $1.45 and closed at $1.455 today, this is generally rather negative.

Looks like $1.45 may not be able to hold much longer. MACD are still pointing downwards which may be a tell tale sign the the price may continue to head lower.
Breaking down of $1.45 may see it trend lower towards $1.40 then $1.305.
(trade base on your own decision)



Singapore Post - 23rd January 2016

SingPost has continued to drop further as reflected on the chart with the current price of $1.48 staying way below both 14SMA & 25SMA lines. This is generally very negative.

From the chart you can notice that they were several points where the breaking down occurred as being drawn with the Orange lines marking. Many breaking downs had been driving the share price to head further South. With both the SMA lines trending in a nice and orderly manner direction together with the falling prices , this is viewed as super bearish.



The current downtrend mode so far has yet to show any sign of reversal/U-turn.It has tried to do a counter trend reversal as reflected with the Purple line marking but failed and dropped down on the next Long Black candle stick.  Looks like it may continue to trend lower. Remember to follow the trend, the trend is your friend. Going against the trend may end up heading with the wrong direction and a big hole in your pockets.

Since the current situation is being driven into an oversold territories , a technical rebound may happen anytime. Any rebound will be a good options /opportunities to consider to exit or minimize loss.

If the rebound is not strong enough , it may fail and eventually will be re-testing the low of $1.45 and breaking down may see it head lower towards $1.40 and below.
( trade base on your own decision)