Saturday, December 14, 2013

DBS Bank

Update for DBS 23 Mar  2014 - DBS seems to have bounced off from the low of $15.63 on 21st Mar 2014 and closed well at $15.83. Volume is rather high which is generally healthy for supporting the stock prices of heading higher. Crossing over of $16.00 with good volume that may reverse this downtrend. All 3 indicators are showing sign of turning upwards which is rather positive. Short term it may move up to test $16.00 then $16.30.(trade base on your own decision)

Update for DBS 1 Mar  2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)

Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)

Update for DBS 06 Feb 2014 - DBS is super bearish from TA point of view. After gap-down from $17.30 and had been drifting lower each day to close at $16.17 on 5 Feb 2014. All 3 indicators are still pointing downwards which is rather negative. Short term may continue to go down to test $16.00 then $15.80.
Yesterday selling was couple with high volume may see some accumulation here. It may likely do a throw-back/bounce off from here before heading down again.
(trade base on your own decision) 

Update for DBS 10 Jan 2014 - DBS has a good run-up after crossing over $17.20 on 8 Jan and manage to hit the high of $17.49. Yesterday closing price of $17.37 with low volume seems a good sign for the stock prices to continue trending upwards. Meantime, may pause or retreat a little before setting the next direction. Breaking out of $17.50 will be very positive to take the prices higher to $17.90.
 (trade base on your own decision)

Update for DBS 30 dec 2013 - DBS breakout from $16.70 on 19 Dec 2013 and it has nicely moved up to a high of $17.11 and closed $17.00 on 30 Dec 13. This is rather positive. All 3 indicators such as MACD, RSI & Stochastic are still on uptrend mode. More likely to clear $17.20 and move up to $17.40. Short term TP $17.50.
(trade base on your own decision)

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We have a TP of SGD19.70 for DBS. quote from Maybank Kim Eng

(trade base on your own decision)

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Thursday, December 12, 2013

SingTel

Update for Singapore Telecom 16 Apr 2014 - SingTel is on a uptrend mode as reflected from TA point of view. Yesterday breaking out of $3.68 with quite good volume plus closed well at $3.70 this is generally positive. All 3 indicators are pointing upwards which may support the share prices from heading higher. Short term more likely to move up towards $3.78.(trade base on your on decision)

Update for Singapore Telecom 16 Mar 2014 - SingTel is rather bearish from TA point of view. All 3 indicators are trending downwards which is rather negative. On 14 Mar 2014 it had futher gap down from $3.55 and closed lower at $3.52 couple with quite high volume is rather bearish. Short term it may continue to trade lower towards $3.42. Think it will be good to consider to accumulate between $3.42 to $3.43.(trade base on your own decision)

Update for Singapore Telecom 2 Mar 2014 - SingTel had indeed went up to test $3.58 on 14 Feb and closed well at $3.59 on the same day. It has since risen up to $3.66 on 27 Feb. Last Friday experienced a gap down to $3.60 couple with high volume is quite bearish. Short term is better to wait for the dust to settle down first. Think it is still good to consider to accumulate from $3.45 and below. ( trade base on your own decision)

Update for Singapore Telecom 16th Feb 2014 - SingTel has again tested $3.42on 5 Feb 2014 and bounced off to close higher at $3.52 yesterday (11th Feb). Same scenario had been repeated 3 times(History always repeat itself. Can consider to accumulate at $3.42). All 3 indicators such as MACD,RSI & Stochastic are turning upwards which is rather positive. Breaking out of $3.58 may see it rises towards $3.68 then $3.90.
(trade base on your own decision)

Update for Singapore Telecom 17th Jan 2014 -  SingTel seems to have bounced off from the low of $3.48 on 17 Jan and managed to closed at $3.52. Immediate observation is to wait and see if it is able to cross over $3.58 with good volume in order to reverse this downtrend and goes up.
(Trade base on your own decision)

Singapore Telecom - from the chartwise point of view, seems to be oversold . This oversold position is also being indicated on Stochastic indicator. RSI seems to show sign of turning up to cross over 30% mark. I think good opportunity present to pick up at $3.45 to $3.50. TP $3.75 - $3.80.
(Trade base on your own decision)

Monday, December 9, 2013

OCBC

 Update for OCBC 12 Apr 2014- OCBC had indeed broken out of $9.50 on 26 Mar and closed well at $9.56 on the same day. This is rather bullish. It has since continued to rise up to touch $9.77 on 9 April. Current price of $9.62 as of last Fri 11 April seems to be holding up well. Short term it may continue to rise higher towards $9.77. Breaking out of $9.77 with good volume that may help to drive the share prices higher towards $10.00 .(trade base on your own decision)

Update for OCBC 23 Mar 2014- OCBC has indeed went down to touch $9.20 on 20th Mar and had since managed to bounce off higher to close at $9.33 on 21st Mar 2014. Volume is generally picking up which is rather positive. All 3 indicators are showing sign of turning upwards which is quite supportive of helping the share prices of heading higher. Breaking out of $9.50 with good volume that may drive the share prices higher towards $9.70 then $9.77.(trade base on your own decision)

Update for OCBC 18 Mar 2014- OCBC has indeed went down to touch $9.30 on 17th Mar 2014 but was able to close higher at $9.35. It is still rather bearish. It will need to move up and cross over $9.55 in order to reverse this downtrend and head higher. If not,Breaking down of $9.30 may see it goes further down towards $9.05 soon.(trade base on your own decision)

Update for OCBC 1 Mar 2014- OCBC seems rather weak after hitting the high of $9.79 on 24 Feb 2014 and had been drifting lower to close at $9.56 on 28 Feb .
Both Stochastic & RSI are showing sign of turning downwards which is rather negative. Breaking down of $9.49 may see it goes further down to $9.30 soon.
(trade base on your own decision) 

Update for OCBC 22 Feb 2014- OCBC has indeed managed to cross over $9.46 and move up towards $9.65 on 21st Feb 2014. This is rather positive. All 3 indicators are turning upwards which may help to further support the share prices form trending higher towards $9.80. Breaking out of $9.80 with good volume that may help to drive the share prices higher towards $10.00.(trade base on your own decision) FREE PAID SURVEY

Update for OCBC 7 Feb 2014- OCBC seems to have bounced off from the low of $9.05 and close up well at $9.26 yesterday (6 Feb 2014). All 3 indicators are showing sign of turning upwards which is rather positive. Short term more likely to move up to $9.46. Breaking out of $9.46 with good volume that may drive the share prices higher towards $9.70.
(trade base on your own decision)
Update for OCBC 23 Jan 2014 - OCBC is very bearish from TA point of view. It had continued to trend lower after hitting the high of $10.27 on 2 Jan 2014 and closed at $9.57 on 23 Jan. After broken down the major support at $9.80 it has drifted lower to $9.57 which is rather negative. Short term it may continue to go down to $9.40. Breakind down of $9.40 with high volume that may see it goes further down to $9.00.
(trade base on your own decision)

Latest Update for OCBC 27 Dec 13 - Indeed it has broken out of $10.12 price level and it is now reversing the down trend and it is holding up well at $10.18 .All 3 indicators such as Macd, Rsi and Stochastic are turning upwards which is positive. Look to see if it is able to breakout $10.22 with good volume in order for it to move up to $10.35 then $10.50.
(trade base on your own decision)

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Update for OCBC 20 Dec 13 - OCBC seems to be holding up well at $9.80 and it is slowly moving upwards. If it is able to breakout $10.12 with good volume then that may be positive for the price to go higher.

Oversea-Chinese Banking Corp (OCBC) from a chartwise point of view looks very bearish.
The stock price recently broke below a "rising wedge" pattern + most indicators such as RSI, MACD are still on a downtrend mode. Stochastic is showing sign of oversold. If $9.80 unable to hold, expect to see it goes further down to $9.50 in time to come.

(Trade base on your own decision)
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Friday, December 6, 2013

Midas

Update for Midas 19 Apr 2014 - Midas is holding up well at 47 cents. It seems like a Bull Flag has been form from TA point of view. Breaking out of 48 cents with good volume that may propel to drive the share prices higher towards 50 cents then 52.5 cents .(trade base on your own decision)

Update for Midas 5 Apr 2014 - Midas has indeed went up to test 47.5 cents on 4th April. This is rather on track to move up higher. On 3rd April 2014 it has managed to breakout 45 cents with high volume of 16.76m this is rather impressive. Subsequently, it has again traded higher to close 46.5 cents on 4th April with super impressive volume of 20.38m. This is rather bullish. It indicates buying with prices heading higher. All 3 indicators such as MACD,RSI & stochastic are trending upwards which is rather positive. Short term more likely to test 50 cents then 52.5 cents.(trade base on your own decision) 

Update for Midas 29 Mar 2014 - Midas seems to be in oversold position and under value as it NAV is about 50 cents. All 3 indicators are showing sign of pointing upwards which is rather positive. Short term it may go up to test 45 cents then 47.5 cents. ( trade base on your own decision)

Update for Midas 2 Mar 2014 - Midas is on a consolidation pattern as indicated from TA point of view. All 3 indicators such as MACD, RSI & Stochastic are turning upwards which is rather positive. Last Friday FY 2014 result beat consensus expectation with very good profit. High chance of breaking out of 47.5 cents with good volume and propel to drive the share prices higher towards 50 cents soon. TP 60 cents.
(trade base on your own decision)

Update for Midas 18th Jan 2014 - Midas is still very weak and it needs to move up and cross over 50 cents with high volume in order to reverse this down trend. I think is good to consider to accumulate below 50 cents. Generally Midas has been showing good consistence in winning new contracts and further winning of new contracts for High Speed Train will certainly drive the prices higher to 60 cents and above.
Long term TP 65 cents.
(trade base on your own decision)

Update for Midas 16th Jan 2014 - Midas looks bearish after hitting high of 52.5 cents and went down all the way to 48 cents today and closed at 48.5 cents. All 3 indicators are also turning downwards. This is quite negative. Stochastic looks oversold and hopefully it can bounce up from here. If not, breaking down of 48 cents will see it goes down to 46 cents. 
(trade base on your own decision)

Update for Midas 8th Jan 2014 - Midas hit the high of 52.5 cents on 7th Jan 2014 when the company announced it has just secured another new contract, Today closing price of 51 cents + low volume may be good for the share prices to take a pause. Getting ready to conquer 52.5 cents soon. Breaking out of 52.5 cents with high volume that may drive the share prices higher to 56 cents. 

Update for Midas 31 Dec 2013 - Midas is hovering between 50.5 cents to 52 cents. The company needs to win more contracts in order for the stock prices to go higher.Without the catalyst of new contract wins, it is rather difficult for it to move up unless it is able to breakout 52 cents with good volume .Short term TP 56 cents
(Trade base on your own decision) 

Update for Midas 22 Dec 13 - 
The International Railway Journal  has reported that China Railways Corporation has just awarded new contracts for 258 new high speed trains worth US$7.3bn to China Northern Rolling Stock Company (CNR) and China Southern Rolling Stock Company (CSR).
The contract is divided into two Lots - Lot 1 comprising 78 250km/h trains was awarded to CSR Sifang in 8 batches.  Lot 2 comprises 180 350km/h trains to CNR Chang Chun (27 trains), CSR Sifang (83 trains) and CNR Tangshan (70 trains).
Midas was awarded its first high speed rail contract worth RMB167.5mn from CNR Chang Chun and CNR Tangshan.High chance that this high speed new contracts may be awarded to Midas in time to come. No change to my TA view.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents.
 (Trade base on your own decision)

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Midas - The pent up rail projects has already seen some evidence in Midas securing more than RMB4.6bn in gross contracts and RMB2.01bn in net contracts in 2013 alone. Midas itself announced two contracts in October 2013 while NPRT announced one contract.Currently  Midas share price is well supported by its NAV of RMB 2.42 or about S$0.50.Wait for confirmation sign of a breakout of 51 cents with good vol may see it rises further to 56 cents. Longer term view with more new high speed rail contracts win may see it rises to 60 cents.
(Trade base on your own decision)



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Thursday, December 5, 2013

Capitaland

Update for Capitaland 13 May 2014 - Capitaland  seems rather weak as reflected from TA point of view. All 3 indicators are still pointing downwards which is rather negative. Breaking down of $3.00 will be rather bearish. It may go down towards $2.90 then $2.85.(trade base on your own decision)

Update for Capitaland 26 Apr 2014 - Capitaland has risen from the low of $2.85 to $3.27 on 25 April 2014. Seems over extended . It will be good to take profit first as it is approaching May next week. (trade base on your own decision)

Update for Capitaland 20 Apr 2014 - Capitaland had a impressive gap up to $3.00 on the 15 April after the announcement of acquiring CMA at $2.22 per share and closed well at $3.11 on the same day. Volume is rather high that signify market is in favor of this acquisition. It has since continued to trend higher and closed higher at $3.18 on 17th April. Short term more likely to pull back a little before continue to move up to test $3.22 then $3.30.(trade base on your own decision)

Update for Capitaland 14 Apr 2014 - Capitaland formed a doji last Fri couple with high volume is generally not positive. All 3 indicators are showing sign of pointing downwards which is rather negative. Breaking down of $2.85 may see it goes further down towards $2.80 then $2.75.(trade base on your own decision)

Update for Capitaland 5 Apr 2014 - Capitaland  has a fantastic rally from the low of $2.68 on 20 Mar and risen up all the way to $2.98 on 3rd Apr 2014. This is rather bullish. Short term it may pause before deciding the next direction. It may continue to head higher to test $3.02 then $3/05.(trade base on your own decision)

Update for Capitaland 29 Mar 2014 - Capitaland had indeed went down to $2.68 on 20th Mar 2014 and had since bounced off to rise up higher to close at $2.82 on 28th Mar. This is rather bullish. All 3 indicators are pointing upwards which is also quite positive. Short term it may go up to test $2.90 then $2.94. (trade base on your own decision)

Update for Capitaland 2Mar 2014 - Capitaland is rather bearish from TA point of view. All 3 indicators such as MACD, RSI & stochastic are turning downwards which is rather negative. Breaking down of $2.82 may see it goes further down towards $2.80 then $2.75. (trade base on your own decision)

Update for Capitaland 22nd Feb2014 - Capitaland looks rather weak after breaking down of $2.88 on 20 Feb and closed at $2.86. Immediate action is to watch and see if $2.83 can support the prices from going further down. Breaking down of $2.83 will be rather bearish and may see it goes further down to $2.75 then $2.70 soon.
(trade base on your own decision) 

Update for Capitaland 12th Feb2014 - Capitaland has bounced off nicely from the low of $2.73 on 4th Feb and risen up to close at $2.88 on 11th feb 2014. This is rather positive. It has reverse this downtrend and will soon rise up towards $3.00 soon. All 3 Inciators such as MACD, RSI & Stochastic are turning upwards which may lend further support for the prices to move up.
(trade base on your own decision) 

Update for Capitaland 23rd Jan 2014 - Capitaland has broken down the cirtical support of $2.90 and closed at $2.87 today with a doji this is rather bearish. High chance of heading down to $2.80. Breaking down of $2.80 may see it goes futher down to $2.68 then $2.60.
(trade base on your own decision)

Update on 17th Jan 2014 for Capitaland - Capitaland has been drifting lower and lower each day. Looks very bearish. Breaking down of $2.90 again may see it goes down to $2.80 then $2.68 soon.
(trade base on your own decision)  


Update on 3rd Jan 2014 for Capitaland - Capitaland looks very bearish after today black candle stick of breaking down $3.00 support level and close $2.98. First signal to watch out will be to see if $2.94 can hold up well or not. Breaking down of $2.94 will be testing $2.90 soon.Short term may go further down to test $2.80.
(trade base on your own decision)

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Update on 13.12.2013 - Capitaland seems to have stabilized at $2.94 - $2.97 after the company has bought back shares. If it can breakout $3.00 with strong volume then it will be showing sign of reversal and might move up further. 

Capitaland from chartwise form a hammer today at $2.99 . Look for a confirmation sign for a technical rebounce from here to $3.10.
(Trade base on your own decision)

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DBS

Update for DBS 5 Apr  2014 - DBS had indeed managed to breakout $16.30 on 1st Apr and closed well at $16,37 on the same day. This is rather bullish. It had continued to head higher to close $16.55 on 4th April. Short term more likely to pause/retreat before setting the next direction. Breaking out of $16.70 with high volume that may send the prices higher towards $16.78 then $17.00.(trade base on your own decision)

Update for DBS 23 Mar  2014 - DBS seems to have bounced off from the low of $15.63 on 21st Mar 2014 and closed well at $15.83. Volume is rather high which is generally healthy for supporting the stock prices of heading higher. Crossing over of $16.00 with good volume that may reverse this downtrend. All 3 indicators are showing sign of turning upwards which is rather positive. Short term it may move up to test $16.00 then $16.30.(trade base on your own decision)

Update for DBS 1 Mar  2014 - DBS seems rather weak as indicated from TA point of view. Short term it may continue to go down to test $16.25. ( trade base on your own decision)

Update for DBS 17 Feb 2014 - DBS has indeed managed to cross over $16.57 couple with quite good volume and close well at $16.59. This is rather positive and may support to drive the share prices higher towards $16.80 soon.
(trade base on your own decision) 

Update for DBS 11 Feb 2014 - DBS seems to have bounced off from the low of $16.17 and slowly risen up to close at $16.38 yesterday. Both Stochastic & RSI are showing sign of turning upwards which may help to support the prices from going up. It will need to cross over $16.57 with good volume in order to reverse this downtrend and move up.
(trade base on your own decision)


Update for DBS Group (DBS) 24th Jan 2014 - DBS looks super bearish from TA point of view. Last Friday gap down with slightly high volume is rather negative and closed at $16.67. Short term may continue to trend downwards to $16.30. All 3 indicators are still tuning downwards. No sign of reversal. 
(trade base on your own decision) 
Update for DBS Group (DBS)14th Jan 2014 - DBS has indeed broken out of $17.20 on 8th Jan and closed well at $17.37 on the same day. It has touched the high of $17.49 and retreated a little to $17.23 yesterday. Chart-wise still looking good to move up and clear $17.45 and go higher.
(trade base on your own decision)

DBS Group (DBS) from chartwise the stock remains on the upside, backed by a rising trend line, which plays as a key support . Furthermore, the ascending 20-day and 50-day moving averages suggest that the stock still has potential for a rise. So long  $16.5 is able to hold up well , look for a strong breakout of $17.20 that might send the price go higher to 17.90.
(trade base on your own decision) 

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