Singtel

Singtel - 21st June 2016

Singtel seems to be able to bounce off from the low of 3.76 which is rather close to the support level at 3.75 and stage a strong upwards thrust to touch 3.88 today.

The closing price of 3.84 is still hovering below the SMA lines which is still not out of the wood yet unless it is able to head higher to cross over 3.96.

Macd is about to turn up to cross over the signal line which may likely provide indication that the share price may have a high chance of moving higher.

Breaking out of 3.96 with good volume that may propel to drive the share price higher towards 4.00 with extension to 4.20 and above.
(trade base on your own decision)

Hyflux

Hyflux - 20th June 2016

Hyflux after hitting the low of 47 cents on 12 Feb 2016 it has since managed to stage a recovery and risen up to touch 66 cents on 10th Mar 2016. This is rather bullish.

It has been trading in a neutral mode within the price range of 58.5 cents to 65.5 cents for the next 7 weeks and finally broken down to touch 53.5 cents on 24th May which is also resting on the Fibonacci 38.2% support level .

After touching the low of 53.5 cents it had since managed to rebound and rises up to touch 62 cents on 15th June 2016. This is generally quite positive.

On 16 & 17 June we have witnessed the Fibonacci retracing from 78.6% to 61.8% to close at 58.5 cents. Today it has managed to bounce off from Fibonacci 61.8% which is a very important support and significant move and rises high to close well at 61 cents. This is rather bullish.

Both Macd & Rsi are still rising and this may provide further indication that the share price may continue to trend higher.

The current price is staying above the SMA lines which is generally rather healthy/positive and may likely stage a strong rebound to cross over the immediate resistance at 62 cents (Fibonacci 78.6%) and rises higher towards 66 cents and above.

(trade base on your own decision)

Raffles Medical

Raffles Medical - 18th June 2016

Raffles Medical after hitting the high of 1.675 on 11th May 2016 it had since continued to trend lower to touch 1.485 on 17th June 2016.This is rather bearish.

The current price has broken down the support level at 1.515 and it now resting on the next support level at 1.485. If 1.485 cannot sustain then most probably it may continue to trend lower.

Both Macd & Rsi are still trending downwards which may be a tell tale sign that the share price may continue to trend lower.

Breaking down of 1.485 with high volume that may see it share price heading lower towards 1.435 then 1.40 with extension to 1.30.
(trade base on your own decision)

Sembcorp Marine

Sembcorp Marine - 17th June 2016

Sembcorp Marine after hitting the high of 1.775 on 9th June 2016 it had since drifted lower to close at 1.55 which is also the current support level.

Do hope that it can hold up well at this support level of 1.55 and eventually rises higher to test the immediate resistance at 1.64.

The similar chart patterns looks like it may repeat itself again after touching 1.55 it had on several occasion managed to stage a recovery and rises higher.

First confirmation sign will be if it is able to cross over 1.64 with ease + high volume that may propel to drive the share price higher towards 1.665 then 1.75.
(trade base on your own decision)

First Resource

First Resource  - 17th June 2016

First Resource  after hitting the high of 2.13 on 30th Mar 2016 it had since continued to trend lower to touch 1.62 on 17th June 2016. This is rather bearish.

The current price is hovering below the SMA lines which is generally quite negative.

Also both Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.

Today closed lower at 1.62 couple with high volume is also a sign of weakness.
Short term wise looks like it may continue to trend lower towards 1.55 then 1.50 with extension to 1.455.
(trade base on your own decision)

SPH

SPH - 16th June 2016

SPH after hitting the high of 4.16 on 25th April 2016 it had since drifted lower to touch 3.77 on 16th June 2016. This is rather bearish.

The current price of 3.76 is hovering below the SMA lines which is generally rather negative.

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

Short term wise looks like it may go down to re-visit the recent low of 3.65 on 25th Feb 2016. Breaking down of 3.65 with high volume that may drive the share price to fall further towards 3.51 the next support level .

Looks like market sentiment is rather bearish which is being clouded by the pending Brexit voting on next week that may likely create a very volatile situation for the market.
I think is okay to stay sideline pending the voting result.


(trade base on your own decision)