DBS - Technical Chart Checking

DBS hit 3 mini top and then reverse back.  No clear direction yet.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Dow Jones - Joe Biden is Winning

The Dow had a Presidency theory when the USA result is near, if the Dow goes up, Republican will win but if it goes down, Democrat will win.  So, you now know Nov 3, who will win...... ;-)

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Frencken - Seem Like a Triple Bottom

Frencken a tech related stock look likes forming a triple bottom.   From the chart, technology stocks looks more like a short-term correction.  Most likely, zig-zag up again next week. 

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Venture Corp - Looks Like a Double Bottom

Venture Corporation seem like reach a double bottom.  

Technical analyst should not buy now as you need to see a power up bar confirmation zig-zag.  

Fundamental analyst looking for dividends and technology stocks could use DCA to start buying.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Abundance Int - Bearish Continuation Wedge

Abundance International Ltd forms bearish "Continuation Wedge"  chart pattern Oct 29, 2020 Trading Central has detected a "Continuation Wedge (Bearish)" chart pattern formed on Abundance  International Ltd (541:SGX-ST). This bearish signal indicates that the stock price may fall from  the close of 0.034 to the range of 0.010 - 0.030. The pattern formed over 19 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: After a temporary interruption, the prior downtrend is set to continue. A Continuation  Wedge (Bearish) represents a temporary interruption to a downtrend, taking the shape of two  converging trendlines both slanted upward against the trend. During this time the bulls attempt to win  over the bears, but in the end the bears triumph as the break below the lower trendline signals a  continuation of the prior downtrend.  This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary  pattern recognition technology.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Riverstone - Flowing River of Gold

With the spike of COVID-19 in Europe and USA, Riverstone continue to flow with Golden water.  However, please be careful, the chances of a vaccine coming out now is much higher than 9 months ago, therefore don't be over-confidence on the medical gloves sector even though it is still bullish now.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Singtel - Still Very Bearish

In the forum, many investors have renamed Singtel as Sinktel, seem like they are right.  It had never break out of its downtrend line since July 2017.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SembCorp Ind - Looks Bright After Ditching Semb Marine

SembCorp Industries future looks bright after its divorce with SembMarine.  However, its apporaching the profit taking resistance zone at 1.68.  Be alert to take profits if you see any red bearish bar.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Capitaland - Property are Weak

Capitaland is one the top property in SG.  However, due to COVID-19 price remains weak. The 2.60 support looks vulnerable.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ARA LOGOS - Watch for it as Near Apex

ARA LOGOS Logistics Trust (ALOG) result within expectation.  Price near apex of descending triangle, important decision coming.

As the price did not move up, most likely, smart monies find it is already fully price.  I gave a 60% chance that it will falls to next support of 0.59 before going range bounce.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Creative Tech - Bearish Descending Continuation Triangle

Creative Technology Ltd forms bearish "Descending Continuation Triangle" chart pattern
Oct 26, 2020

Trading Central has detected a "Descending Continuation Triangle" chart pattern formed on Creative Technology Ltd (C76:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 2.390 to the range of 1.930 - 2.010. The pattern formed over 36 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 increasingly lower highs and constant lows within this pattern tell us that sellers are more aggressive than buyers, confirmed by a break down through a support level to signal a continuation of the prior downtrend. A Descending Continuation Triangle, with its increasingly lower highs and constant lows, indicates that sellers are more aggressive than buyers The pattern typically forms because a demand for shares is available at a certain price, represented by the lower flat line propping the price up. But when the supply depletes, the shares quickly break down below the bottom boundary line and move lower.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Top Glove - Already Top Price

Top Glove seems like already at Top price.  Everyone knows that gloves makes money but for smart monies, its distribution time if you look at their chart movement.  The Europe COVID-19 cases soar did not spike up Top Gloves share price.  Any mass COVID-19 vaccines success and we shall see the usual dump and run by smart monies.  For now, it should still be sideways.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

AIMS APAC - Result on coming Monday Looks Stable

AIMS APACT Reit will be releasing result on Monday 27 Oct 2020.  The price action looks stable, seem like result going to be meet, or slightly out of expectation.  So far, the price had been trending up slightly like accumulation.  We shall follow what the smart monies does on Monday after the result release. 

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

First Reit - The Poor Gets Poorer

Never buy reits based on its dividend yields.  First Reit is a very good example where The Poor Gets Poorer.  Poor management equal to poorer result and poorer reit price.  The Best Gets Better in the sense that Good management equal to better result and better reit price. 

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

iFast - Are The Good Result Price In

iFast, 2 weeks before good results, smart monies already push up the price.  More or less, the good result seems to be already price in as we don't see any up movement on 23th Oct which is the result announcement.

Just watch out next week, as the price action just came out of its steep uptrend over the last 2 weeks.  First price support to be around 3.00.  Unless there some better news that yet to release, most likely, smart monies will not let the price zoom up the trap zone.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Jardine Strategic - Bullish Diamond Bottom

Jardine Strategic Holdings Ltd forms bullish "Diamond Bottom" chart pattern
Oct 23, 2020

Trading Central has detected a "Diamond Bottom" chart pattern formed on Jardine Strategic Holdings Ltd (J37:SGX-ST). This bullish signal indicates that the stock price may rise from the close of $21.68 to the range of $25.50 - $26.40. The pattern formed over 115 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 bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. The Diamond Bottom pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks a significant reversal to a new uptrend.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Mapletree Ind - Good Entry Around Support

Mapletree Industrial Trust went out of the 2nd uptrend line about 1 week before today news was announced.  Smart monies already distributed out their winnings around the top of 3.36.  Very likely to go to the support of 3.00 before doing a sideway trend bouncing between 3.00 to 3.20.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Ascendas Reit - Risk or Opportunity

Ascendas Reit today fall below the 200 MA.  If tomorrow cannot rebound, most likely got chance to see 2.90 which is a good support point.  If rebound, resistance is at 3.30.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

City Dev - Price Down Due to Director Resign

CDL director Kwek Leng Peck quits due to disagreements with board.  Price drop below support, expect more shitty price as price already shitty before he resign.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

EC World - High Volume Accumulation

EC World Reit seem like 2 days for high volume accumulation.  Watch for it!

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Frasers Centrepoint - Recovery Still in Play

Frasers Centrepoint Trust looks like still maintaining its posture of recovery as Singapore ease its circuit breaker.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SembCorp Ind - Mini Uptrend in Seller Gaps

SembCorp Industrial mini uptrend reach the previous seller gaps.  Can it have enough goods news to resist the selling pressure from previous gap down?

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Keppel DC Reit - Up Due to Inclusion in STI

Keppel DC Reit become part of the STI as it replace CapitaLand Commercial due to merging with CapitaLand Mall.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Asian Pay Television - Bearish Continuation Diamond

Asian Pay Television Trust forms bearish "Continuation Diamond" chart pattern
Oct 16, 2020

Trading Central has detected a "Continuation Diamond (Bearish)" chart pattern formed on Asian Pay Television Trust (S7OU:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.124 to the range of 0.100 - 0.120. The pattern formed over 133 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 has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. The Continuation Diamond (Bearish) begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks downward out of the diamonds boundary lines, it marks the resumption of the prior downtrend.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

The Trendlines - Bullish Head and Shoulders Bottom

The Trendlines Group Ltd forms bullish "Head and Shoulders Bottom" chart pattern
Oct 16, 2020

Trading Central has detected a "Head and Shoulders Bottom" chart pattern formed on The Trendlines Group Ltd (42T:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.090 to the range of 0.100 - 0.110. The pattern formed over 45 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 the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Wilmar - No Selling Pressure After Yesterday Short Selling

Yesterday, what a nail-biting roller coaster ride for Wilmar share price! On the day of its China unit (YKA) IPO, Wilmar share price surged to a high of $4.70 before crashing to $4.36. The volatility of Wilmar share price caught many investors by surprise as YKA debut with roaring success, closing at more than 100% to the IPO price.

Looking through the SGX website, it was confirmed that the collapse of Wilmar share price was the work of the short-sellers. On 15 October, short selling activities on Wilmar share price surged to a whopping 10.5 million, nearly 10 times the daily average volume for this counter. So while the Chinese investors popped the champagne over the successful YKA IPO, investors of Wilmar were confounded over the crash of Wilmar share price.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Clearbridge Health - Symmetrical Continuation Triangle

Clearbridge Health Ltd forms bearish "Symmetrical Continuation Triangle" chart pattern
Oct 15, 2020

Trading Central has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on Clearbridge Health Ltd (1H3:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.159 to the range of 0.120 - 0.140. The pattern formed over 18 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 has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SPH - Double Layers of Downtrend

Even before today bad result announcement, SPH had always been in a downtrend since April 2016.

As mentioned many times, keep away.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ISDN Holdings - Bullish Symmetrical Continuation Triangle

ISDN Holdings Ltd forms bullish "Symmetrical Continuation Triangle" chart pattern Oct 13, 2020 Trading Central has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on ISDN Holdings Ltd (I07:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.395 to the range of 0.530 - 0.550. The pattern formed over 36 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 has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend. This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Medtecs Intl - Still Super Strong

Medtecs Intl no sign of weakness, price action still strong.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Kimly - Up on Analyst Buy Call

Kimly buying volume quite high today due to many analyst buy call for its dividend.

https://www.businesstimes.com.sg/companies-markets/brokers-take-analysts-like-kimly-for-its-attractive-dividends-strong-food-delivery

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ABF SG BOND ETF vs STI ETF

ABF SG BOND ETF vs STI ETF and the bond ETF sideways movement still better than a downtrend movement in STI.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

DBS - Can It Break Its Reistance

Recently, DBS got a good run up as many analyst reported that the worse maybe over for SG Banks.  If it can break the resistance next week, then there will be some more good run up.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

CapitaR China - Pure China Play Buy at 1.21

CapitaR China is no more just a mall reit.

https://sgstocklink.blogspot.com/2020/10/capitar-china-up-by-expanding.html

Transaction Value

Total Contract ValueSGD 9,680.00

CommissionSGD 11.62

Clearing FeeSGD 3.15

SGX Trading FeeSGD 0.73

GSTSGD 1.09

Total Commission & FeesSGD 16.59

Indicative Total ProceedSGD 9,696.59

Action

Buy

Stock Name

 CAPITAR CHINA TR

 MarketSingapore

SymbolAU8U

Order TypeLimit Order

Quantity8000

Order DurationGood for Today

Date-

PriceSGD 1.210

Settlement ModeCash Upfront

Settlement CurrencySGD

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Top Glove - Still The King of Glove

Top Glove price action still very strong.  The price uptrend still in tip top condition.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ST Eng - Creeping Up Slowly

ST Engineering Venture Capital unit ST Ventures, along with equity firm Atlantic Bridge has made a strategic investment in CloudSphere, a cloud management and governance provider headquartered in California and Dublin for an undisclosed sum.  No major movement up and its uptrend is continuing.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SATS - Price At Resistance

SATS price hit resistance, likely to go sideways.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Frasers Centrepoint - Gap Covering Not Successful

Frasers Centrepoint Trust bears seem strong, the gap covering from previous sell seem to fail.  Let see how it performed by Friday.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF vs Philip AP Dividend Reit SGD

Philip AP Dividend Reit SGD is sideways, at least not down like STI ETF.  If you are investing monthly you may want to consider a switch.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

GCCP Resources - Bearish Symmetrical Continuation Triangle

GCCP Resources Ltd forms bearish "Symmetrical Continuation Triangle" chart pattern
Oct 02, 2020

Trading Central has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on GCCP Resources Ltd (41T:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.010 to the range of 0.010 - 0.010. The pattern formed over 18 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 has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

UG Healthcare - Up by Malaysia EPF

UG Healthcare was bought by Malaysia EPF (around 5%).  It shows that the gloves industry still got room to grow.  EPF is Malaysia's Equivalent of Singapore's CPF.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

CapitaR China - Up by Expanding Investment Sector

CapitaR China management broaden its investment horizon, its no longer just a retail reits, it will include office, industrial properties, business parks, logistics facilities, data center and integrated developments in China, Hong Kong and Macau.   The high volume assume the downtrend is over.   Stick to the good 4 heavenly brand name if you wish to invest in reits for peace of mind. The 4 heavenly reits king are Capitaland, Keppel, Mapletree and Frasers.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.