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Monday, November 9, 2020

STI

 STI has managed to stage a strong recovery from the low of 2423 to a high of 2622 within the span of 4 trading days, seems impressive!




I think this rebound is triggered by the regional news! Would it started to fade off after a few more days, let's wait for the market to tell us!



Short term wise, I think it may likely move up further to retest 2700 level.


Not a call to buy or sell.

Pls dyodd.


Olam Intl

 Chart wise, looks bullish!

Likely to see further upwards movement!




Short term wise, I think a nice breakout of $1.35 plus high volume that may likely drive the price higher towards $1.40 then $1.47.


Not a call to buy or sell.

Pls dyodd.


Saturday, November 7, 2020

OcbcBank

 Chart wise, looks like it is having a rejection of going higher last Friday! 




A long tail pin bar doesn't looks rosy to me especially when it is trying to reverse this downtrend mode.

Let's monitor and see how it fares for the coming week!

Short term wise, I think if she can rises higher to reclaim $9.02 level smoothly plus good volume that would likely drive the price higher towards $9.45 with extension to $9.95.


Not a call to buy or sell.

Pls dyodd.


Friday, November 6, 2020

UOB

 Last Friday closing doesn't look so rosy! Seems like showing sign of a reversal! 




Short term wise, I think if she can overcome the 200 days MA at about $20.75 plus a nice breakout and rises higher that would be rather positive and may see further upwards movement!

Failure to do so, we may she her succumbing to selling down pressure!



Not a call to buy or sell.

Pls dyodd.


Ascendas Reit

 Chart wise, she is just doing the usual counter trend reaction. I think is Good to monitor and see if she is able to hold up well!




If not, breaking down of 2.86 again plus high volume that may likely drive the price lower towards 2.80 then 2.60 with extension to 2.40.



Not a call to buy or sell.

Pls dyodd.


Comfort Delgro

 Chart wise, it is doing a counter trend chart patterns, looks rather lpositive!




Short term wise, I think likely to move up to test 1.50. Breaking out smoothly plus good volume that may likely drive the price higher towards 1.55 then 1.60 with extension to 1.70.



Not a call to buy or sell.

Pls dyodd.