The counter saw strong buying interest on mid May and early June. Looking into weekly chart, it failed to break up 0.38 twice but
price has been forming higher low formation.A triple top breakup from
0.38 is possible shall buying interest come in third wave. Trader could
take position from recent price falling.
Sunday, August 27, 2017
Aug[11] - Financial Highlights
The following counters released respective latest financial results last week. A summary is provided.
800 Super, Health Management International (HMI), ISOTeam and Silverlake Axis
800 Super, Health Management International (HMI), ISOTeam and Silverlake Axis
Aug[10] - Market Updates
Singapore:
Local index entered correction mode while US market is weakening amid political tension and uncertain monetary policy. Investor could position for the next rally by buying STI ETF. At 3.3, the dividend yield is 3%. Local bank and property sectors has been showing improve in earning for latest quarter. Market sentiment is bullish on STI by end of 2017.
Market Calendar on coming week:
In the US, the most important events are the second estimate of GDP growth, non-farm payrolls, unemployment rate and ISM manufacturing PMI. Elsewhere, key data include UK and Germany consumer morale; Eurozone inflation rate; Japan unemployment and China PMI.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Local index entered correction mode while US market is weakening amid political tension and uncertain monetary policy. Investor could position for the next rally by buying STI ETF. At 3.3, the dividend yield is 3%. Local bank and property sectors has been showing improve in earning for latest quarter. Market sentiment is bullish on STI by end of 2017.
Market Calendar on coming week:
In the US, the most important events are the second estimate of GDP growth, non-farm payrolls, unemployment rate and ISM manufacturing PMI. Elsewhere, key data include UK and Germany consumer morale; Eurozone inflation rate; Japan unemployment and China PMI.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Friday, August 18, 2017
Chart[58] - ComfortDelgro
On last trading day, the counter saw strong buying volume to negate
recent downfall. Shall buying interest continue, next resistance shall
be 2.26, followed by 2.35 as major ceiling. Alternatively, price trend
could be bouncing between 2.13 to 2.26 as well. It should find certain
support ~ 2.13. Similar pattern can be referred to early July as below
chart.
Aug[9] - Financial Highlights - 2
The following counters released respective latest financial results last week. A summary is provided.
Nam Cheong, Nordic, Singapore Medical, SUTL, TPV, Uni-Asia, Vallianz and Asian Pay TV Trust
Nam Cheong, Nordic, Singapore Medical, SUTL, TPV, Uni-Asia, Vallianz and Asian Pay TV Trust
Aug[8] - Financial Highlights - 1
The following counters released respective latest financial results last week. A summary is provided.
Bumitama, CNMC, Declout, Ezion, Golden Energy, ISDN and mm2.
Bumitama, CNMC, Declout, Ezion, Golden Energy, ISDN and mm2.
Aug[7] - Market Updates
US:
S&P500 has tumbled ~ 1% twice since early August. The superb uptrend took a rest meantime. Looking backwards, it formed triple top break up ~ 2400 end of May, so that could be critical support for recent downfall. Market is facing some uncertainties meanwhile, such as political risk in US, geographical tensions in Korea Peninsula, terrorist attack in Europe. Of course most important concern shall be actual rate hike pace from FOMC. Yellen and her committee has relentlessly indicated for bond purchasing to be cut down soon. It shall be time to reshuffle your portfolio. Take profit from earning counter and also do value hunting (laggard from recent bullish run) while market is panicking.
Market Calendar on coming week:
In the US, investors will be waiting for new and existing home sales, durable goods orders and flash Markit PMIs. Elsewhere, key data include UK and Germany GDP growth; Japan inflation rate and manufacturing PMI; and flash PMIs for the Eurozone, Germany and France.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
S&P500 has tumbled ~ 1% twice since early August. The superb uptrend took a rest meantime. Looking backwards, it formed triple top break up ~ 2400 end of May, so that could be critical support for recent downfall. Market is facing some uncertainties meanwhile, such as political risk in US, geographical tensions in Korea Peninsula, terrorist attack in Europe. Of course most important concern shall be actual rate hike pace from FOMC. Yellen and her committee has relentlessly indicated for bond purchasing to be cut down soon. It shall be time to reshuffle your portfolio. Take profit from earning counter and also do value hunting (laggard from recent bullish run) while market is panicking.
Market Calendar on coming week:
In the US, investors will be waiting for new and existing home sales, durable goods orders and flash Markit PMIs. Elsewhere, key data include UK and Germany GDP growth; Japan inflation rate and manufacturing PMI; and flash PMIs for the Eurozone, Germany and France.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Friday, August 11, 2017
Aug[6] - Financial Highlights - 3
The following counters released respective latest financial results last week. A summary is provided.
Spackman, Talkmed, Zhongmin BaiHui and Manulife US REIT
Spackman, Talkmed, Zhongmin BaiHui and Manulife US REIT
Aug[5] - Financial Highlights - 2
The following counters released respective latest financial results last week. A summary is provided.
Mermaid Maritime, Noble, Oceanus, Perennial, QAF and SingTel
Mermaid Maritime, Noble, Oceanus, Perennial, QAF and SingTel
Aug[4] - Financial Highlights - 1
The following counters released respective latest financial results last week. A summary is provided.
Centurion, ComfortDelgro (CFD), CSE Global, Dutech, G.K.Koh, Global Logistics Properties and Hotung Investment
Centurion, ComfortDelgro (CFD), CSE Global, Dutech, G.K.Koh, Global Logistics Properties and Hotung Investment
Aug[3] - Market Updates
Singapore:
Following geographical tension rising, STI gap down on last trading day. It formed triple top breakup on early July, so the breakup point 3275 shall serve as immediate support for current sell down. Shall sell down accelerate, 3190 shall serve as next strong support. Market still looks bullish, but stepped into correction phase meantime.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Following geographical tension rising, STI gap down on last trading day. It formed triple top breakup on early July, so the breakup point 3275 shall serve as immediate support for current sell down. Shall sell down accelerate, 3190 shall serve as next strong support. Market still looks bullish, but stepped into correction phase meantime.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Friday, August 4, 2017
Chart[57] - Japfa
Following negative results from latest earning release, the counter
gap down from 0.66 to 0.59 as refer to first chart. The sell down paused
at 0.52 shortly. Similar support price was seen on last May. Shall
price rebound, 0.59 would serve as immediate resistance. The price gap
could be potential profit target shall strong buying interest kick in.
Potential price catalyst could be policy change from China to import
more swine from Vietnam. Shall 0.52 be broken, next strong support could
be 0.455 as refer to second chart.
http://www.thepigsite.com/swinenews/43879/rise-in-pork-prices-owing-to-new-stimulus-programme/
http://www.thepigsite.com/swinenews/43879/rise-in-pork-prices-owing-to-new-stimulus-programme/
Aug[2] - Financial Highlights
The following counters released respective latest financial results last week. A summary is provided.
Capitaland, DBS, Genting Singapore, Sembco Industry, Singpost, Starhub, OUE Hospitality Trust (OUE HT)
Capitaland, DBS, Genting Singapore, Sembco Industry, Singpost, Starhub, OUE Hospitality Trust (OUE HT)
Aug[1] - Market Updates
Crude Oil:
Following OPEC signalling potential deeper cut in production, oil price had a 10% rally which gave a push on global index. After digesting the news, price formed a new resistance ~ 50.2. Shall the buying up continue, 54~55 shall be strong resistance area. Vice versa, ~ 47 could be short term support. US active oil rig count has been hovering around 2 years high. Russia and OPEC will meet up for oil production discussion on coming week.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
Last week, non farm payrolls in the US increased by 209K in July of 2017, below an upwardly revised 231K in June but above market expectations of 183 thousand. Coming week, more economic data will be released as below.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Following OPEC signalling potential deeper cut in production, oil price had a 10% rally which gave a push on global index. After digesting the news, price formed a new resistance ~ 50.2. Shall the buying up continue, 54~55 shall be strong resistance area. Vice versa, ~ 47 could be short term support. US active oil rig count has been hovering around 2 years high. Russia and OPEC will meet up for oil production discussion on coming week.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
Last week, non farm payrolls in the US increased by 209K in July of 2017, below an upwardly revised 231K in June but above market expectations of 183 thousand. Coming week, more economic data will be released as below.
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
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