DBS - Price Action Weakening

DBS price action seem to be weakening.  Two uptrend line broken but the 29 support still holds.  However, once the 29 strong hold is broken, expect further downside to 28.

Notice the bulls seem not able to hold for long once price action move above 30.

15 Jun 21 - Sign of Weakness - Close 30.07

21 Jun 21 - Signal of Strength - Close 29.63

28 Jun 21 - No Demand - Close 29.60

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.

Dasin Retail Trust - The Boiling Frog

Dasin Retail Trust is like the boiling frog principle where it took one year before the neckline was broken (yellow highlight).

A slow death is the worst death.  

If you wish to invest in reits, better go for quality reits like the Mapletree or Capitaland family.

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 HST - Next Week Decision Time

Lion OCBC Sec HSTech ETF HST at the resistance mark.

If this is the double TOP then down it goes back to 1.30.

If it break up, then we can see higher price action at 1.45

Smart monies like to test traders mind and keep them in suspend.

25 June 21 - Technical signal is End of rising market?  Next week we can tell if the technical signal is right or wrong, likely because of the double TOP.

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 - Uptrend Keep Going

SembCorp Industries uptrend likely to keep going up till it break.

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.

Ho Bee Land - Strength To Strength

When you read forum and investors say keep away from property stocks, those who are contrarian are the winners now.

Property stocks turn out to be the best performers in 2021.

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 - Testing Your Guts

Smart monies testing traders guts again.  Price action now at previous support point.  

Will it be a double bottom or break down to 17-17.50.

Need to watch the price action like a hawk.

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.

Free Apple or Starbucks Share

This is a promotion offer by 2 new Singapore brokers (both approve by MAS) and they are giving away real 1 free USD share to attract new customers.

This kind of Legitimate Singapore Free Money does not come often, why reject it? 

I took about 10 minutes each, using Myinfo and then doing the funding.  Total 300+ SGD for around 20 minutes of work.   

Recent check:

1 Apple share is around 130 USD (172 SGD)

1 Starbucks share is around 110 USD (146 SGD)

Plus 30 days of Commission Fee trading for those who wish to trade stocks in US, HK or SG.

Do Not Do Deposit Testing

Some of us like to be extra careful when transfering money to a new account and we often like to do a $1 test deposits.  However, to get the free share you need to place it during the INITIAL (FIRST) funding to your new brokerage account.

Moo Moo Trading Account (is a subsidiary of Futu Holdings Limited that is listed on NASDAQ, backed by Tencent)

Step 1: Open account using the link below.

Sign up a Free Trading Account with Moo Moo

Step 2: Deposit $2700 (you may completely withdraw it back to your own bank account) Step 3: Receive FREE x1 Apple Share (AAPL)

Once receive, you can set up a sell queue as GTC (Good Till Canceled) based on your desired sell price.

Tiger Brokers Trading Account (is a subsidiary of UP Fintech Holdings Limited that is listed on the NASDAQ stock exchange)

Step 1: Open account using the link below.

Sign up a Free Trading account with Tiger Brokers

Step 2: Deposit $2001 (you may completely withdraw it back to your own bank account) Step 3: Receive FREE x1 Starbucks Share (SBUX)

Once receive, you can set up a sell queue as GTC (Good Till Canceled) based on your desired sell price.

Enjoy the Free Money.

Any questions, please leave a comment and I will try to answer to my knowledge.

Thanks.

OLAM - Fast Drop in 10 Days

OLAM took 8.5 months to raise from around 1.25 to 1.85 (+0.60)

It took only 10 days for OLAM to drop from a high of 1.85 to 1.62. (-0.23)

Next support will be 1.60 then 1.55

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.

UOB - The Resistance Strong Hold

UOB resistance of 26.50 and support of 25.50 remain strong.

27 May 21 - Sign of Weakness

28 May 21 - Down Setups

10 Jun 21 - No Supply Test

15 Jun 21 - Sign of Weakness

Market sentiments are weak due to inflation fear.

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 - Possible 6 Month of Consolidation

The previous time with so many Down Setup was from 11 Jun 20 to 30 Oct 20 which STI consolidated for about 6 months.

This might be another 3 1/2 months of consolidation as now is only about 2 1/2 months.

07 Apr 21 - Down Setups

30 Apr 21 - Down Setups

05 May 21 - Up Setups

10 May 21 - Down Setups

28 May 21 - Down Setups

16 Jun 21 - Down Setups

Possible target for STI  might be around 2800-2900 as market like to drop around mid-point of the previous uptrend.

3000-3100 is the current strong hold which is the important first 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.

Dow Jones - The Fifth Break

The bears look strong at the 5th pull back.  Might test the 30-31000 zone if the bulls cannot pull it back above the uptrend line next week.

7 Jun 21 - Down Setup

10 Jun 21 - Down Setup

7 to 18 Jun 21 - 10 bearish bars 

Overall, the correction is good as the market is overvalue.   If hand itchy, buy only stocks you are willingly to hold for the long-term, batch by batch.

32000 should be a strong hold and if failed be prepared for 30-31000.

The 5th support hit.

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 - 13 Down Days

28 May 21 - Down Setup spotted and continues to go down for another 13 days.

07 Jun 21 - Signal of Strength but next 3 bars continue to be weak making it invalid.

10 Jun 21 - No Demand

14 Jun 21 - Up Setup

16 Jun 21 - Down Setup 

Bears looking strong to challenge the support of 2.31

Watch the next 3 bars and see if the Bulls can hold and push upwards. 

For now, the mini downtrend line seem to be intact.

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.

Dairy Farm - Guts Testing Again

Smart monies like to form the symmetrical triangle and keep traders guessing whether it will break up or down.  

Watch this important support line and if the price action is able to rebound back to the symmetrical triangle, then it can goes back to around 4.50.

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 - Moving Sideways

3 May 21 - Signal of Strength - when there is a recent trend break from support, this signal of strength are likely to be weak.

14 May 21 - Signal of Strength - this is more trust worthy as it is also sitting at the uptrend support line.

Resistance are strong around 4.85 as No Demand, Down Setup and Sign of Weakness keep showing near the resistance line.

Support are also strong around 4.75 with the No Supply Test coming in.

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.

Ho Bee Land - Supply Coming

14 May 21 - Demand Coming O 2.60 H 2.60 L 2.45 C 2.48

10 Jun 21 - Supply Coming O 2.70 H 3.00 L 2.70 C 2.95

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 - No Demand Zone Again

01 Jun 21 - No Demand

03 Jun 21 - No Demand

08 Jun 21 - No Demand

STI ETF struggling to break the No Demand zone.

Support around 3.18

Resistance around 3.22

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 - Nice Ladder Steps

04 Jun 21 - No Supply Test

10 Jun 21 - Up Setup

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 - Descending Triangle

6 Jun - Signal of Strength

Support - 2.33

Resistance - 2.40

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.

CapLand IntCom Trust - Reaching Resistance

Signal of Strength - 14 May 21

Up Setup - 17 May 21

No Demand - 24 May 21

No Supply Test - 4 Jun 21

Resistance - 2.20

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.

Mapletree Ind - No Supply Test

Mapletree Industrial holding well at no supply test zone of around 2.75, however, it also cannot seem to break away from the no demand zone at around 2.84.  Likely, to be sandwiched in between for sometimes before any clear 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 - No Demand

Nikko STI ETF at resistance line and there was No Demand every time it hit that zone.

Resistance = 3.30

Support 1 = 3.20

Support 2 = 3.10

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 - Bought Today

Bought Micro-Mechanics today at 3.09

Potential selling at 3.20 to 3.32.

Sign of Strength show on 14 May 2021.

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 - Sign of Strength

Frasers Logistic and Commercial seem to be holding around the Sign of Strength between 1.40 to 1.42 which is also the support level.

Resistance around 1.47 - 1.48

My Buy Today @ 1.42

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 - Sign of Strength

Micro-Mechanics price action hovering around sign of strength.

Support - 3.08 - 3.10

Resistance - 3.42 - 3.45

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.