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Thursday, January 25, 2018

DBS

DBS - Today has traded with a wide reversal bar which is deem as rather Bearish.


Short term wise, price likely to retreat further.
Immediate resistance is at $26.660. Breaking down would like see it goes further down towards $26.480 with extension to $25.820..
Not a call to sell or buy.
dyodd




Friday, January 19, 2018

Wing Tai

Wing Tai - A nice uptrend mode pattern !


Likely to continue to trend higher.

Breaking out of $2.37 with good volume that may drive the share price higher toward $2.41 and above.
Short term TP $2.50-$2.55.

Not a call to buy or sell.
dyodd

Thursday, January 18, 2018

Sats

Sats - Looks like it has rejected the high at $5.84 and closed with a Bearish pin bar.


Short term wise, likely to see a retracement happening soon. Price may correct towards $5.60 level.

The price has gone into the All-Time-High territories and I would cautious not to chase blindly and let Mr.Market tells us what is the next direction.

Not a call to sell or buy.

dyodd.



Friday, January 12, 2018

SPH

SPH after hitting the high of $2.79 on 4th Jan 2018, it has since retreated and trend lower to touch $2.62 on 12th Jan 2018, this is rather bearish.


From TA point of view, SPH is on an obvious Super Long term downtrend. This is super bearish!

Today the closing price at $2.63 which has fallen off below 50MA is another bearishness that may likely see it price continue to trend lower.In fact the price is staying below 20,50,100 & 200MA that will likely see further selling down pressure.
I think this could be a good candidate for shorting.

Short term wise, it may go down to test $2.56. Breaking down of $2.56 with high volume that may see it price heading further South towards $2.485 which was in Sept 2017..

Not a call to sell or buy.
dyodd

Thursday, January 11, 2018

Banyan Tree

Banyan Tree after touching the low of 53 cents on 13th Dec 2017, it has since recovered any stage a strong recovery to move up to test 65 cents on 11th Jan 2018. This is rather bullish.


Short term wise, it may likely re-conquer the recent high of 68 cents.
Breaking out of 68 cents with good volume that may propel to drive the price higher towards 75 then 80 cents.

Not a call to buy or sell.
dyodd

DBS OCBC & UOB

Bank counters

Looks like STI indexes is being mostly being driven by the bank counters .
All the 3 local bank counters have been trending new high.

The chart is showing more or less having the same candlestick patterns.

Looks like the local bank counters may continue to head higher.
not a call to buy or sell.
dyodd

DBS is looking good to re-capture $26.580.

Ocbc is likely to re-visit 13.01 .

Uob likely to take out $27.780..