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Thursday, November 5, 2020

UOB

 Today had a spectacular gap up candlestick same for the other two bank counter, looks rather positive!




Short term wise, I think she may rise higher to retest 20.95.

Breaking out of 20.95 smoothly plus high volume that may likely drive the price higher towards 21.50 .

Do take note that the price is still trading below its 200 days MA .


Not a call to buy or sell.

Pls dyodd.


Wednesday, November 4, 2020

Ocbc

 Chart wise, looks like she may go up to retest $8.85 again!




Breaking out smoothly plus good volume that may likely drive the price higher towards 9.02.


3rd quarter result is out ! Seems not bad!


Not a call to buy or sell.

Pls dyodd.


Tuesday, November 3, 2020

UOB

 3rd quarter result is out ! Higher provision for bad debts , net profit is down 40% to 668m.




Chart wise,looks like a nice bounced off from 19.00 and rises higher even though result is not so rosy, looks positive!

If the momentum continue then it may rises higher to retest 20.00 again!


Not a call to buy or sell.

Pls dyodd.


Monday, November 2, 2020

OcbcBank

 Chart wise , rather bearish!

Likely to see further weakness!




Shqort term wise, I think if she is able to bounce off from the support at 8.40 & rises higher from here then it may help to stabilize and support the price from falling further!

If not, breaking down of 8.36/8.40 would likely see the price trending lower towards 8.00!

Not a call to buy or sell.

Pls dyodd.


Sunday, November 1, 2020

STI

 Chart wise, super bearish! 

Free falling as can be seen from the chart. The candlestick keep gaping down ! 




Sqhort term wise, I think likely to retest 2400 level.

Breaking down of 2400 plus high volume that may likely drive the index lower towards 2300 then 2233 level.


Not a call to buy or sell.

Pls dyodd.


Friday, October 30, 2020

Ascendas Reit

 Chart wise, looks bearish!

Likely to see further selling down pressure!

I think IS good to wait for the price to stabilize first before taking further actions!




Short term wise, I think likely to go down to retest 2.73 level. Breaking down of this level plus high volume that may likely drive the price lower towards $2.53 then $2.40 with extension to $2.22.


Not a call to buy or sell.

Pls dyodd.