Valuetronics - Tight Range Bound

Valuetronics (S$0.64, up 1.5 cents) saw FY21 revenue decrease by

3.1% to HK$2,281.5mln from HK$2,354.4mln in FY2020. However,

gross profi t increased by 6.5% to HK$386.2mln in FY2021 (FY2020:

HK$362.8mln), with gross profi t margin up 1.5 percentage points to

16.9% for FY2021 due to a change in product sales mix during the

year.

Valuetronics (BN2) logged a profit attributable to owners of HK$187.1 million ($24.1 million), or HK$0.43 per share, for the fiscal year 2021, up from HK$178.9 million, or HK$0.412 per share, a year ago.

Revenue for the 12 months ended March 31 dropped 3.1% year over year to HK$2.28 billion from HK$2.35 billion, according to a Saturday bourse filing.

The engineering services company's board also declared an interim cash dividend of HK$0.05 per share and a final cash dividend of HK$0.16 per share for the fiscal year.

Valuetronics’ chairman and managing director Ricky Tse Chong Hing said the group is expecting a significantly lower financial results for FY2022 compared to FY2021 on the back of loss of orders from customers switching their supply chain to other countries due to Sino-US trade tensions, compounded with the uncertainties resulting from the global components shortage and evolving COVID-19 pandemic.

“On the other hand, our Vietnam expansion is proceeding according to schedule during the year. We are targeting the new Vietnam campus to commence production by the end of FY2022. By then, we will be fully equipped to serve customers’ multi-site production strategy as a means to mitigate Sino-US trade tensions, and we will be seeking out new opportunities emerging with our extended geographic footprint,” the chairman said.

Support at 0.60

Resistance at 0.65

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.

Lion OCBC Sec HSTech ETF - Point of Support

Lion OCBC Sec HSTech ETF HST looks well supported at this level.   However, it need to clear the resistance @ 1.40 - 1.43 before it can goes higher.

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.

ComfortDelGro - Invalidate Sign of Weakness

BLACKROCK is now deemed a substantial shareholder of ComfortDelGro, after its purchase of 5.2 million shares on Thursday bumped its shareholding from 4.76 per cent to 5 per cent.  The change in position came from an increase in shares held as collateral.

A sudden expected news can invalidate a Sign of Weakness that happened on 27 May.  In technical trading, we need to expect the unexpected.

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.

Micro-Mechanics - No Supply Test

27 May 2021 - No Supply Test

A simple test. The prices have been marked down at the opening, the volume has been low and on that volume the market has closed on the highs.

Resistance @ 3.44

Support @ 3.08

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.

OCBC - Bulls Testing New High

OCBC bulls retesting its new high of 12.77.  

Can it break out to 13?

Let watch.

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.

Happy Versak Day - Trade with Peace of Mind

May you trade with a peace of mind as health is important too.

Frasers Centrepoint - Sign of Strength

Frasers Centrepoint shows sign of strength on 14 May 2021.  

Signs of strength are the signals revealing the increase in Bullish pressure.  When you see a Sign of Strength (SOS), in many cases it could be recommended waiting for a confirmation to see that the Bears are completely defeated.

I bought in on 24 May 2021 at 2.28

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.

Crypto Vocab Similar To Trading

Microsoft - 5 Years of Nice Uptrend

Microsoft Corporation had been on an uptrend since 2016.  This is the kind of shares that long-term investors like.

Monthly Chart

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 - No Supply Test

“No Supply Test” - As the name signifies this bar indicates absence of supply and indicates strength.

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 - Over Value Discounting Method

April 30 2021 - Wilmar International (F34) saw its first-quarter net profit double year over year thanks to a strong performance across all its core businesses.

As per a Thursday release, the agribusiness group's net profit rose 100.9% to $450.2 million from $224.1 million, setting a record for its March-quarter results since its listing.

When you see a company reported strong earnings and the price still went down, this mean that the stock had run above its valuation and now under-going normalisation.

BB like to use this over value discounting method when the stock is very bullish and it can just shoot above its valuation many x times.  Then come the day when price action just refuse to move up no matter how good the earnings are.  You can this happening to Gloves and now Tech stocks.   Believe soon will happen to Banks as Warren Buffett begins to lower to banks holding.

Locally, Piyush Gupta, the CEO of DBS Group Holdings, has sold $1.75 million worth of DBS shares via market transaction. According to a filing on SGX, Gupta, on May 20, sold 58,900 DBS shares at $29.75 per share.

The reverse will happens again once Tech devalue till a certain point.  Then under-value stocks becomes in favour again and vice versa.  The cycle always repeat.

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.

AEM - Holding Support Well

AEM holding well as per the previous support.

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 - Can The Rally Continue

Bloomberg News reported that the counter was Singapore's best-performing stock over the past year, and that it would pursue more gains in China, which looks to be its fastest-growing market.

China companies are not easy to fight with as they are very competitive.  Yes, iFast may grow fast but continue to lose money in China.

Just look at the pricing launch in Singapore by MooMoo and Tiger Brokers and you will know. 

Anyway, let the market decided whether is this a fake rally.

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 - Time To Be Cautions

Good to be cautions on the banking stocks.  

DBS showing sign to fatigue like buying climate, down setup and no demand.  

Buying climate means when volume is high but price action did not move up.  For like smart monies selling to retailers who are FOMO.

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.

CapLand IntCom Trust - Sign of Strength So Strong

Today, STI up by 62.94.  

Thought I could slowly accumulate stocks that showing sign of strength but The Market say no and rebounded Fast and Furious.

That is why when it hit the support line, we need to take the guts and buy some first.  You will never know what the market decision is going to be the next day.

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 - Rebound Today

Frasers Centrepoint Trust rebounded today.  The sign of strength shown up last Friday was somehow accurate.  There are no 100% in technical system, sometimes it take guts to execute with the signal.

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.

Nikko STI ETF - Will It Rebound on Monday

Nikko STI ETF (G3B) may or not follow DOW rebound on Monday as the local COVID-19 cases continue to increase.  Interestingly, the price action just landed on the uptrend support line nicely.  If it cannot rebound, it is likely to go further down to the next support level at around 3.05.

As 20% (about 1.3 M) of the local population are fully vaccinated, many of these 20% will become asymptomatic and the usual body temperature checks might not be able to detect them unless we swab test everyone of them.  This maybe one of the reason why the local COVID-19 cases keep spreading.

Hopefully we can get enough vaccination for at least 80% of our population so that the majority can be protected from this deadly virus.

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 - Buy When Support Line Hit

Ascendas Reit is another reit I bought during Friday sell down.  The reason is because it rebound twice from this support line previously.   Again, this is based on calculated risk, it may go down further.

Correct technical buy should be to wait for confirmation when it reverse back another two positive candle.  Anyway, I like to take partial buy first whenever it touches the same support line, if it goes down further, will buy on the next support using DCA.

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 Log and Com - Today Buy At Support Line

Frasers Logistics and Commercial price drop to uptrend support line as Singapore government announce tighter restriction.  STI drops -68.24 points today.

Looking at the chart, the last 2 times when price hit the uptrend support line, it bounce back quickly.  Probability are quite high that the same may happened, so I decided to accumulate my 1st batch of buying Frasers Log and Com.

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.

Bitcoin - Elon Musk The CryptoMan

The CryptoMan does it again and this time he went bearish.

Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining.

Seem like everytime the price action enter the No Demand zone, which is around 58,000, some bad news came and Bitcoin goes into correction.

48,000 is its strong hold or will it goes to 44,000 to wash all the stop loss and then reverse with a FIFTH tops?

Take note that the FOURTH top was lower than the THIRD top, which is a lower high.

Also the THIRD low was also lower that the SECOND, so we have our first lower high and lower low which is a sign of weakness.

Will Bitcoin rebound with a FIFTH tops?  

Let the market maker decide.

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 Log - More Good Years

Mapletree Logistics is one good reit that will forgive your wrong entry price as its long-term trend continue to climb since 2009.

Monthly chart.

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 - Resistance Quite Strong

Mar 17 - Acquire 11 Data in Europe

Apr 26 - Posted decline in portfolio

May 05 - Private placement at 2.94

Strong resistance at 3.16 did not break.  Bears see this as sign of weakness and price u-turn.

If bulls cannot hold 2.90, then the next support will be 2.80.

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 - Hovering Around Support

Apr 1 - ST Eng failed to acquire Cubic 

Apr 20 - Secured a contract to supply platform screen doors for Cross River

Apr 27 - Bears attack and price action gap down and out of uptrend line.

May 10 - Price action still hovering along a good support point.

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 - Umbrage off Media Business

SPH technical umbrage:

1. Spike up on 20 Nov 2020 after news of strategic review was announce..

2. Spike again on Feb 26 2021 after news reported of its investment in Korea eCommerce.

3. Reported better profits on Mar 31 2021.

4. Uptrend reaches an all time high on April 16 2021.

5.  Total time of uptrend was 5 months.

6.  Suddenly bears appear on 19 April 2021 - Smart Monies know something.

7. 6 May 2021, SPH halted its shares and announcement was publish to the public that it will spin off its Media business at a steep discount.

8. 7 May 2021, SPH was gap down after spinning off media business.  Investors are feeling umbrage over the decision.

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.

SPDR S&P 500 - Almost 11 Years of Uptrend

Incredible, about 11 years of uptrend which started around 02 March 2009.

With such long-term uptrend, monthly fixed amount of buying can be done if you have no-time to monitor the market.

However, I don't recommend automatic STI ETF for monthly fixed investment, pull out its chart and you should know.

Self homework is important even if you want it to be auto.

Monthly Chart of SPDR S&P 500 ETF Trust (SPY)

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 - Four Tops To Break UpTrend

Mapletree Industrial Trust technical notes.

1. Uptrend from 24 March 20 to 12 October 20 - Total about 8 months

2. First mini uptrend break was on 14 Aug 2020.

3. After that, it attempted 3 more tops which all failed.  It is a sign of weakness that the bulls are tired.

4. Actual downtrend start on 10 Nov 2020 where it breaks the important sideways neckline.

 

5. The downtrend ends on 15 Mar 2021 when it acquire data center in Virginia.

6. It hit the first resistance on 15 Apr 2021.

7. 2nd attempt to break resistance failed in 30 Apr 2021.

Current trend looks bullish for MIT.

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 - Four Tops Before Going Down

Keppel DC Reit buyers are quite strong as there was four attempts of bulls trying to surpass its previous 3 tops but it eventually fails.

1. 22 Jul 2020 - reported higher H1 earnings and price surge for 9 days to reach the first top on 6 Aug 2020.

2. Price then goes sideways and hit the 2nd top on 17 Sep 2020.  Then went on to hit the 3rd top on 16 Oct 2020.

3. A correction happend on 10 Nov 2020 but the bulls managed to bring the price back to form the 4th top on 3 Feb 2021.

4. Bears was strong on 10 Feb 2021 and press the price all the way to a low of 2.50 on 9 March 2021.

5. Now bulls are trying to break the previous support turn resistance at 2.73..

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.

Haw Par - Start of Trend Change

Friday March 19, 2021 where I blog of Haw Par climatic up move which is a suspicious sign of distribution.

https://sgstocklink.blogspot.com/2021/03/haw-par-climatic-up-move.html

Wednesday May 5 2021, we can finally see the smart monies plan of sell down after 30 days of distribution to retail investor.  

1. Uptrend start on November 4 2020 and end on May 3 2021.  

2. March 19 2021, suspicious high volume as price action did not goes higher for the next 30 days.

3. Total length of uptrend 6 months.

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.

AEM - Normalisation in Progress

In 2021 when AEM reported higher profits on 26 Feb, its stock did not fly like in the past 4 years.  Instead, the price action began to perform lower high which is a sign of weakness.

Today is the reason the retail investors knows the why, which is what the smart monies already know  4 months ago.

The first double head appear around end of Mar 21 while the second double head appear on end of Apr 21.

3.60 is a good support price for AEM.  If that fails to hold, the next price support is at 3.40.

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 - Wiping Stop Loss Again

In Oct 2020, smart monies wipe the stop-loss area before continuing its uptrend.

Apr/May 2021, will smart monies do the same tactics again? 

Depends on whether any special dividends declaration or other good news or bad news.  Smart monies are news opportunities seekers.  

The Jan 21 till Apr 21 parallel price action movement look more like distribution.  If I were to make a guess, I would bet more on the down side.  Again, I could be wrong as I am not the Market Maker.

Wait for the breakup of the current down trend for confirmation.

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 - High Valuations

DJI at the highest level since pandemic.  Many stocks are at high valuations.  No one can know when the party will end.  

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.

Who Said Warren Buffett Avoids Tech Stocks