OCBC - Finally A White Candle

Watch out for OCBC, a white candle appear after many down days.

STI ETF - It Wanted To Go Down

On 16 Sep 2019, STI ETF start moving down its channel and we need to respect it.

Mr Market is our boss, if it want to move down, just follow its down movement and look for shorting opportunities.

Last week post mention that you should monitor Trumpet twitter and here it goes again.

https://asia.nikkei.com/Economy/Trade-war/Trump-considers-delisting-Chinese-firms-from-US-stock-markets

Keppel Corp - Downtrend Since Feb 2018

30.01.2018 close at 8.77 after that, all the way down till today 28.09.2019.

Trend:  Long-term down.

Trading strategy: Short-term sell on strength

The double bottom form got not enough power to break free from its long-term downtrend.

ComfortDelGro - Downtrend started on Jul 2019

ComforDelGro started moving down on 11 July 2019, almost 2 months as of today.

Looks like it is forming 4 bottoms and next week is critical as it will decide its up or down direction.

Let the chart decide and then trade in that direction.

Wilmar - Avoid Trading for Now

After the double top, Wilmar form a lower top.

It had yet to form a lower low.

Not a clear stock to trade.

Skip.

GSS Energy - Itchy Hand and Buy on News

Sometimes, not sure why, as a trader, our hand get itchy for action and go and click buy and then regret.

17.09.2019 - 0.071 Entry after Drone attack Saudi oil field

18.09.2019 -  0.071 Close

19.09.2019 - 0.069

20.09.2019 - 0.069

23.09.2019 - 0.067

24.09.2019 - 0.068 Exit at loss

Lesson learned, never buy on news.

Vicom - This One Stock You Can Buy and Hold

No need to draw any trend lines for Vicom.   Its strong fundamental is a clear uptrend and great for those investors who buy and hold.

DBS - Waiting for Direction

Not much action today as in consolidation and waiting for direction.

Nikko STI ETF - Consolidation On Going

STI next week likely to be in consolidation and waiting directions.

Fed interest rate already cut by 0.5%

Crude oil seems to be stable after the drone attack on Saudi Arabia.

Watch Trumpet twitter to short the market:
Pessimism filled the markets late Friday turning a positive day into a negative day after a Chinese delegation canceled a visit to U.S. farms in Montana and officials headed back to China earlier than planned.

Dow Jones - The Double Top Resistance

It is important to monitor the DJII as most of the time it will determine whether our STI will move or not.

You can see around 27000 is the resistance and see how STI for last week also seems not to be moving.

If Trumpet and Xi Shi do not quarrel, the high low might continue with a breakout.

Nothing much we can do next and wait for the news, good or bad, the market shall decide.

If you like to trade, also take some time to look at the DLC which you can short in case there are bad news. 

Click the Top Volume so that you only short those that has volume.  DLC are much cheaper as compare to CFD and the max you can lose is your capital and there are no margin calls.  So, try to short using DLC if it exist, then 2nd option is to use CFD if it does not.

https://www2.sgx.com/securities/securities-prices?code=dlcertificates

SingPost: Finally Stop the Bad Blood

SingPost: Offers For Jagged Peak & TradeGlobal Commercially Unfeasible, Filed For Bankruptcy.

With the bad blood gone, give it a year and I believe it can go back to its good old days and be a good dividends stocks.  Time will tell.

Close 0.945

Resistance 1 : 0.955

Resistance 2: 0.965

Capital World - Small Start To Move

Notice recently that small cap are moving. 

DYODD

Medtecs Intl - Haze Made It Came Alive

The haze seems to be bringing healthcare stocks to live.  Just look at the large one white soldier.

Keppel DC Reit - Today Another New High 1.93

30.08.19 posted that 1.83 was new high.  Today 17.09.19, slightly more than 2 weeks, another record high of 1.93.

https://sgstocklink.blogspot.com/2019/08/keppel-dc-reit-new-52-weeks-high-183.html

Up Up Up and Away.

Sembcorp Marine - Temporary Trend Up

The recent continuous good news made Sembcorp Marine stock price to trend up.

Looking at the chart, it still have yet to break its down trend.

So, trade with care.

STI ETF - Need Close Monitoring

Last week post, stated that STI is trending up and we need to respect it.

https://sgstocklink.blogspot.com/2019/09/nikko-sti-etf-moving-up-like-rest.html

Back to this week.

Looking at the STI ETF, you can see the smart monies started pushing up the market on 30.08.2019.  The trend up is already 2 weeks.  Everything seems to be going up now especially last week when penny stocks start to run.  Reading the forum, there are some FOMO (Fear Of Missing Out) appearing for small investor.

There might be a small technical reversal soon and if the 2 world couple don't quarrel and continue kissing each other, we might be able to see the market trending higher and higher.

Technical trading is about probabilities and there are no guarantees.  We just need to follow what the chart says.  Just be ready to cut when the sign are obvious.

HRNetGroup - Stupid Mistake

10.09.2019 - Saw a nice setup and buy @ 0.585

11.09.2019 - Sold @ 0.585 as I saw a technical expert forum post that downtrend will continue till 0.40

12.09.2019 - Close 0.595

13.09.2019 - Close 0.61

Lesson learned - Need to trust own analysis and let the chart decide my own pre-defined cut loss at 0.55.  Its a good experience, no one to blame except myself.

Fu Yu - Is This Stock As The Name Says

The meaning of Fu Yu in chinese means prosperous.  So is the stock Fu Yu prosperous?

Seem like since Nov 2018 as it had been on a non-stop uptrend.

Vicom - Trending Up Since Jan 2019

Vicom is a nice dividend paying stocks that had been trending up since Jan 2019.

Good fundamental = Trend Up

YZJ Ship Building - Looks Like a U Turn

YZJ is a volatile stocks, fast down and fast up.  Doing a quick U Turn.

Capitaland - Rare Stock in Uptrend

Since Mr Trumpet start the trade war with Xi Men Jin, it rare to find stocks in an uptrend.

Only reits are in uptrend.

So, enjoy the channel trading inside Capitaland.

Mapletree Comm - Clear Up Trend

Trend followers should not miss Mapletree Com Reit as it is on a clear uptrend since Nov 2018.

Do note that trend can change and need to be monitored closely.

Sembcorp Marine - Difficult To Trade

What kind of stocks you should not trade?

I tried to avoid stocks that are in a long-term downtrends as I am not fast enough to get out.

Sembcorp Marine had been on a downtrend since Feb 2018, if you are a fast trader, you can go for it.

Nikko STI ETF - Moving Up Like The Rest

Somehow something have made the market bullish, at least for the short-term.

News like US and China may have a good deal on Oct.

News like Powell says the US job market and economy is healthy.

Therefore, best not to hear any news and focus on your chart direction.

If its short-term bullish again, then enjoy the ride, likely for a week or two, anyway no one knows except Trumpet as his tweet can move markets.

Cash Rich Companies in the Tech Sector

Notes for self-reference.

Singtel - Is It End of Its Down Trend

Singtel, came out its down trend lines.  Need to monitor few days to see if the up trend can last.
 

AEM - Falling Nicely To The Trend Lines

Today close: 1.11

Resistance 1:  1.19

Resistance 2: 1.23

SembCorp Ind - One White Soldier

Trend: Long-term down since Feb 2018

Today, Bullish One White Soldier appear but it is not a trend reversal.

Resistance price: 2.15 to 2.20, then likely to continue down trend

Bullish One White Soldier for short-term trading.

Rex Intl - Nice Gap Up

After the Gap up, price had been supported above 50, 150 and 200 MA.  It should continue its change from down to up trend.

Hong Kong Land - Did Not Cut Loss

As a trader, cutting loss is part of the trading system.  Somehow, still hang on when it fell below 6.40 as  I was hoping that the price might u-turn back.  If I want to be successful in trading, need to remind myself to be disciple in cutting loss.  No hope must be involved, just follow the chart and cut.

This happens on 24 July 2019, writing it down for self-reflection.

Keppel Corp - My Mistake To Buy At 5.95

Somehow I bend the rules and thought that Keppel Corp hit support and buy at 5.95 when it came out of the minor down trend lines.  Did not take into account the candle was black and confirmation should be the 2nd candle which did not happen.

My mistakes: Don't rush and be patience to wait for the correct chart signal.  The cost is lost of money.  :-(

This happens on 08 August 2019, writing it down for self-reflection.

Thomson Medical - Tough To Trade

Trend - Below 200 SMA, long-term down

Resistance = 0.62

Support = 0.057

Very tight for short-term trading.