The counter formed triple top break up on early October. ~ 1.91
formed new support for the trend. Recent downfall was not in high
volume, so it could be short term correction. Since price has been
hovering around support, entry opportunity could be now.
Saturday, November 18, 2017
Friday, November 17, 2017
Nov[9] - Financial Highlights - 1
The following counters released respective latest financial results last week. A summary is provided.
800 Super, Bumitama, ComfortDelgro, CNMC Goldmine, Declout, Frasers Centrepoint, Golden Agri, Golden Energy, Hatten Land, Health Management International (HMI), ISDN, ISOTeam, Mermaids Maritime, Moya Asia.
800 Super, Bumitama, ComfortDelgro, CNMC Goldmine, Declout, Frasers Centrepoint, Golden Agri, Golden Energy, Hatten Land, Health Management International (HMI), ISDN, ISOTeam, Mermaids Maritime, Moya Asia.
Nov[8] - Financial Highlights - 2
The following counters released respective latest financial results last week. A summary is provided.
Nam Cheong, Oceanus, Powermatic, QAF, Silverlake Axis, Singpost, Spackman, Straco, Uni-Asia, United Engineer, Wilmar, Ying Li, Yongnam, Asian Pay TV Trust (APTT)
Nam Cheong, Oceanus, Powermatic, QAF, Silverlake Axis, Singpost, Spackman, Straco, Uni-Asia, United Engineer, Wilmar, Ying Li, Yongnam, Asian Pay TV Trust (APTT)
Nov[7] - Market Updates
Crude Oil:
Oil price has been running up and more volatile ahead of meeting between OPEC and non OPEC on 30 Nov. Positive factors are rising tension in middle east, potential extension of production cut in OPEC, but upside might be capped by rising oil output from US. Current price broke up from 53, but might face resistance around 58 to 62. Volatility ahead might present trading opportunity.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Oil price has been running up and more volatile ahead of meeting between OPEC and non OPEC on 30 Nov. Positive factors are rising tension in middle east, potential extension of production cut in OPEC, but upside might be capped by rising oil output from US. Current price broke up from 53, but might face resistance around 58 to 62. Volatility ahead might present trading opportunity.
Trade on bullish Oil: Oil ETF (ticker: DBO)
Trade on bearish Oil: Inverse Oil ETF (ticker: SCO)
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Friday, November 10, 2017
Chart[67] - M1
The counter has been bouncing between 1.77 to 1.84 for past three
months. Market might have absorbed most negative prospective factors for
the telco counter. Looking into bullish break up from its peer,
Starhub, similar break up might happen on M1 as well. Last Thursday saw
relatively strong buying volume. Similar spike up happened before as
well. Shall price break up from 1.84 with decisive volume, it could head
towards 1.9. There is a trading gap from 1.96 to 2.04, which might be
your most ambitious target.
Nov[6] - Financial Highlights - 1
The following counters released respective latest financial results last week. A summary is provided.
Best World, BreadTalk, Capitaland, Centurion, CSE Global, DBS, Dutech, Ezion, Gallant Venture, Genting SG, Netlink Trust and Noble
Best World, BreadTalk, Capitaland, Centurion, CSE Global, DBS, Dutech, Ezion, Gallant Venture, Genting SG, Netlink Trust and Noble
Nov[5] - Financial Highlights - 2
The following counters released respective latest financial results last week. A summary is provided.
Nordic, Perennial, Raffles Education, SATS, SIA, SingTel, ST Eng, SUTL, Talkmed, UOL and Vallianz
Nordic, Perennial, Raffles Education, SATS, SIA, SingTel, ST Eng, SUTL, Talkmed, UOL and Vallianz
Nov[4] - Market Updates
Singapore:
STI has been rising for 6 consecutive weeks as shown in weekly chart below. 3348 serves as support, while strong resistance would be ~ 3526. Generally market sentiment is bullish while index constituents have released encouraging earning results. Investors could take the opportunity of recent bullishness to reshuffle portfolio. Laggard from the bull run could be potential target.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
STI has been rising for 6 consecutive weeks as shown in weekly chart below. 3348 serves as support, while strong resistance would be ~ 3526. Generally market sentiment is bullish while index constituents have released encouraging earning results. Investors could take the opportunity of recent bullishness to reshuffle portfolio. Laggard from the bull run could be potential target.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Saturday, November 4, 2017
Chart[66] - Sheng Siong
The counter saw rising buying interest upon latest earning results
release. On last trading day, price paused at resistance 0.96. Shall it
be broken, next resistance range could be 0.99 to 1.005.
Nov[3] - Financial Highlights - Companies
The following counters released respective latest financial results last week. A summary is provided.
Falcon Energy, China Aviation Oil, HPH Trust (HPHT), mm2, Oxkey, Raffles Medical, Rowsley, Semb Marine, Sembco Ind, SIA Eng, Starhub
Falcon Energy, China Aviation Oil, HPH Trust (HPHT), mm2, Oxkey, Raffles Medical, Rowsley, Semb Marine, Sembco Ind, SIA Eng, Starhub
Nov[2] - Financial Higlights - REITs
The following counters released respective latest financial results last week. A summary is provided.
Ascendas REIT, Frasers Logistics & Industrial Trust (FLT), Manulife US REIT, OUE Hospitality Trust (OUE HT)
Ascendas REIT, Frasers Logistics & Industrial Trust (FLT), Manulife US REIT, OUE Hospitality Trust (OUE HT)
Friday, November 3, 2017
Nov[1] - Market Updates
Oil:
Crude Oil broke up from 2017 resistance ~ 55.2 last night. Bullish inventory data from US and extension on production cut among OPEC drove the rally over past few weeks. The next resistance could be ~ 57 to 58. End of November shall see meeting among OPEC.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
Crude Oil broke up from 2017 resistance ~ 55.2 last night. Bullish inventory data from US and extension on production cut among OPEC drove the rally over past few weeks. The next resistance could be ~ 57 to 58. End of November shall see meeting among OPEC.
Market Calendar on coming week:
(SG: Singapore; CH: China; UK: United Kingdom; US: USA; JP: Japan).
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