YZJ ShpgBldg - 25 Nov 2016
From TA point of view it had a very nice breaking out at 82 cents last Friday and closed higher at 86 cents. Couple with high volume this is generally rather positive.
This uptrend mode is likely to continue to trend higher.
Short term wise, I think it may move up to test 90 cents . Crossing over of 90 cents with good volume that may propel to drive the share price higher to 95 cents then $1.00.
( trade base on your own decision)
Friday, November 25, 2016
Cosco
Cosco - 25th Nov 2016
Cosco after touching the low of 24 cents on 3rd Nov 2016 it had since managed to stage a strong recovery and closed well at 28.5 cents on 25th Nov 2016. Couple with high volume , this is rather positive.
From the chart we can notice that it had managed to clear the major overhead resistance at 28 cents and closed higher at 28.5 cents. This is a kind of confirmation that may provide further indication of the driving force to push the share price higher .
Also both Macd & Rsi are rising which may likely indicating that the share price may continue to head higher.
Short term wise, I think it may move up to test 30 cents.
Breaking out of 30 cents with good volume that may see it goes higher toward 32 cents then 34 cents with further extension to 36 cents.
( trade base on your own decision)
Cosco after touching the low of 24 cents on 3rd Nov 2016 it had since managed to stage a strong recovery and closed well at 28.5 cents on 25th Nov 2016. Couple with high volume , this is rather positive.
From the chart we can notice that it had managed to clear the major overhead resistance at 28 cents and closed higher at 28.5 cents. This is a kind of confirmation that may provide further indication of the driving force to push the share price higher .
Also both Macd & Rsi are rising which may likely indicating that the share price may continue to head higher.
Short term wise, I think it may move up to test 30 cents.
Breaking out of 30 cents with good volume that may see it goes higher toward 32 cents then 34 cents with further extension to 36 cents.
( trade base on your own decision)
SingPost
SingPost - 25th Nov 2016
SingPost after touching the support at 1.425 on 21st Nov 2016 it had managed to bounce off and head higher to close higher at 1.48 on 25th Nov 2016. This is quite positive.
From the chart we can notice there were two consecutive white candlesticks that is closing higher than the black candlestick on 21st Nov 2016 which is rather positive . It is kind of a confirmation of trend reversal that may signal the end of the down turn.
Both Macd & Rsi are showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may likely move up to test 1.50 then 1.55. Breaking out of 1.55 with good volume it may propel to drive the share price higher towards 1.65 then 1.70.
( trade base on your own decision)
SingPost after touching the support at 1.425 on 21st Nov 2016 it had managed to bounce off and head higher to close higher at 1.48 on 25th Nov 2016. This is quite positive.
From the chart we can notice there were two consecutive white candlesticks that is closing higher than the black candlestick on 21st Nov 2016 which is rather positive . It is kind of a confirmation of trend reversal that may signal the end of the down turn.
Both Macd & Rsi are showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may likely move up to test 1.50 then 1.55. Breaking out of 1.55 with good volume it may propel to drive the share price higher towards 1.65 then 1.70.
( trade base on your own decision)
Tuesday, November 22, 2016
Golden Agri
Golden Agri - 22nd Nov 2016
Golden Agri after touching the low of 36.5 cents on 7th Nov 2016 it has managed to stage a strong recovery and head higher to touch 41.5 cents on 22nd Nov 2016. This is generally quite positive.
Today it had managed to cross over 40 cents/40.5 cents and closed higher at 41 cents + couple with high volume, this is rather bullish/positive.
The current price is staying above the SMA lines and also both Macd & Rsi are still rising which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may head higher to test 44 cents. Breaking out of 44 cents with high volume it may propel to drive the share price higher towards 47/50 cents.
(trade base on your own decision)
Golden Agri after touching the low of 36.5 cents on 7th Nov 2016 it has managed to stage a strong recovery and head higher to touch 41.5 cents on 22nd Nov 2016. This is generally quite positive.
Today it had managed to cross over 40 cents/40.5 cents and closed higher at 41 cents + couple with high volume, this is rather bullish/positive.
The current price is staying above the SMA lines and also both Macd & Rsi are still rising which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may head higher to test 44 cents. Breaking out of 44 cents with high volume it may propel to drive the share price higher towards 47/50 cents.
(trade base on your own decision)
Saturday, November 19, 2016
OCBC
OCBC - 18th Nov 2016
OCBC after touching the support level at $8.33 on 9th Nov 2016, it has since stage a strong recovery and head higher to touch 8.88 on 18th Nov 2016. This is generally positive.
Both Macd & Rsi are rising and may likely provide further indication that the share price may continue to trend higher.
The immediate resistance is at 9.02. It will be good to see if this can be taken over.
Failure to breakout decisively, may see it retrace lower from here.
Short term wise, I think it will likely move up to test 9.02. Breaking out of 9.02 with ease + good volume that may propel to drive the share price higher towards 9.45.
( trade base on your own decision)
OCBC after touching the support level at $8.33 on 9th Nov 2016, it has since stage a strong recovery and head higher to touch 8.88 on 18th Nov 2016. This is generally positive.
Both Macd & Rsi are rising and may likely provide further indication that the share price may continue to trend higher.
The immediate resistance is at 9.02. It will be good to see if this can be taken over.
Failure to breakout decisively, may see it retrace lower from here.
Short term wise, I think it will likely move up to test 9.02. Breaking out of 9.02 with ease + good volume that may propel to drive the share price higher towards 9.45.
( trade base on your own decision)
Old Chang Kee
Old Chang Kee -18th Nov 2016
Old Chang Kee seems to be driven into a overbought situation from TA point of view.
After touching the low of 68 cents on 23rd Aug 2016 it had since stage a strong recovery and head higher to touch All-Time-High of 82.5 cents on 18th Nov 2016.
Personally, I view this as over-extended. It may soon retrace/retreat to a lower price.
Half year EPS of 2.05 cents , assuming a Full year EPS of 4.1 cents , implying a PE of about 20 times. Dividend of 3 cents which is about 3.6% yield base on 82 cents last Friday closing price.
Nav of 26 cents.p/b 3.15 .
I think a more realistic Target price is about PE 18 times - 73.5 cents supported by the dividend yield of 4% ( 3 cents dividend).
I think it will be a good time to lock in profit.
( trade base on your own decision)
Old Chang Kee seems to be driven into a overbought situation from TA point of view.
After touching the low of 68 cents on 23rd Aug 2016 it had since stage a strong recovery and head higher to touch All-Time-High of 82.5 cents on 18th Nov 2016.
Personally, I view this as over-extended. It may soon retrace/retreat to a lower price.
Half year EPS of 2.05 cents , assuming a Full year EPS of 4.1 cents , implying a PE of about 20 times. Dividend of 3 cents which is about 3.6% yield base on 82 cents last Friday closing price.
Nav of 26 cents.p/b 3.15 .
I think a more realistic Target price is about PE 18 times - 73.5 cents supported by the dividend yield of 4% ( 3 cents dividend).
I think it will be a good time to lock in profit.
( trade base on your own decision)
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