Wednesday, November 06, 2024

Straits Trading - 06 Nov 2024

What does this stock chart says?

Price moving sideways.  Technically, don't trade sidways, wait for breakout direction.

Dividend Yield  5.56%



Tuesday, November 05, 2024

SIA Eng - 05 Nov 2024

What does this stock chart says?

Looking foward to a resistance breakout.

P/E Ratio  28.46

Dividend Yield  3.227%



Saturday, November 02, 2024

Mapletree Ind - 2 Nov 2024

What does this stock chart says?

Moving inside the mini down channel.

P/E Ratio  56.87

Dividend Yield  5.63%



Thursday, October 31, 2024

STI ETF forms bearish Double Top chart pattern

What does this stock chart says?

Trading Central has detected a "Double Top" chart pattern formed on STI ETF (ES3:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 3.614 to the range of 3.520 - 3.540. The pattern formed over 32 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to have reached a top, after failing to break through a resistance level and ultimately breaking downward in a sign of reversal to a new downtrend.

The Double Top pattern forms during an uptrend as the price reaches two distinct peaks at roughly the same price level. Volume reflects a weakening of the upward momentum, tending to diminish as the pattern forms, with some pickup at each high, less on the second high. Finally the price breaks down below the lowest low to confirm the bearish signal.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.



Tuesday, October 29, 2024

Genting SP - 29 Oct 2024

What does this stock chart says?

Mini Bearish Down Channel, moving towards 0.80.  Wait for it to complete.

P/E Ratio   14.83

Dividend Yield  4.62%



Monday, October 28, 2024

BRC Asia - 28 Oct 2024

What does this stock BEC chart says?

Uptrend still intact but looking weak as unable to break the 2.40 resistance line.

P/E Ratio   7.42

Dividend Yield   6.93%



Sunday, October 27, 2024

STI - 27 Oct 2024

What does this stock chart says?

2nd Red bar for the past 6 weeks.  High chance of technical correction next week.



Saturday, October 26, 2024

Dow Jones - 25 Oct 2024

What does this stock chart says?

Next week an important week to watch as price fall on the uptrend support.  If it failed, we are likely to see a technical correction towards 41,000.


Friday, October 25, 2024

SIA - 25 Oct 2024

What does this stock chart says?

When upper resistance and lower support line look similiar, stay sideline and wait for breakout direction.

P/E Ratio   7.19

Dividend Yield   7.22%



Thursday, October 24, 2024

Delfi - 24 Oct 2024

What does this stock chart says?

Bullish.  Slow and steady.

P/E Ratio   9.60

Dividend Yield   5.84%



Singapore Stock Investment Research