STI ETF - Week Ending 30 July 2021

Wow, time fly fast and today is the end of July 2021.

STI ETF still stuck in the resistance level where Down Setups, No Demand and Supply Coming keep appearing.

Likewise, at the support level, Sign of Strength, Selling Climax and Demand Coming keep the buyers 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.

Sheng Siong - Buy For Dividend

Bought Sheng Siong today at its support mainly for its dividend.  

I am more of a technical dividend investor or trader if you like to call it.  ;-)

27 July 2021 - Sign of strength 

(do note that technical signal might be wrong, invest on your own discretion)

Year	Yield	Total	Amount	Ex Date	Pay Date	Particulars
2021	3.89%	SGD 0.061	SGD0.031	2021-08-17	2021-08-30	Rate: SGD 0.031 Per Security
			SGD0.03	2021-05-07	2021-05-20	Rate: SGD 0.03 Per Security
2020	3.38%	SGD 0.053	SGD0.035	2020-08-14	2020-08-28	Rate: SGD 0.035 Per Security
			SGD0.018	2020-06-29	2020-07-07	Rate: SGD 0.018 Per Security

In the News:

Mainboard-listed supermarket operator Sheng Siong Group saw a more subdued first half, after the year-ago high base from a buying frenzy when the pandemic first hit.

Net profit was down by 11.9 per cent to $65.9 million, as revenue slipped 8.8 per cent to $681.7 million, according to unaudited financial results released on Thursday for the six months to June 30.

Transaction Value

Total Contract ValueSGD 6,280.00

CommissionSGD 10.00

Clearing FeeSGD 2.04

SGX Trading FeeSGD 0.47

GSTSGD 0.88

Total Commission & FeesSGD 13.39

Indicative Total ProceedSGD 6,293.39

Account-Cash upfront

ActionBuy

Stock NameSHENG SIONG

MarketSingapore

SymbolOV8

Order TypeLimit Order

Quantity4000

Order DurationGood for Today

Date-

PriceSGD 1.570

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.

Riverstone - Yet To Break Important Resistance

Riverstone moving sideways.

07 July - Signal of Strength

08 July - No Supply Test (support signal on 07 July)

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.

OLAM - Stuck in Down Channel

OLAM stuck in a downtrend channel since 8 June 2021.

Do not buy till there is a change in the price action.

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.

Raffles Medical - One Day Strong One Day Weak

Whether Raffles Medical can remain bullish depends on whether the price action can stay above the gap up area.  So far, the chart is still quite bullish.

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.

NanoFilm - Uptrend Intact

NanoFilm had been on an uptrend since its listing.

No change in uptrend direction.

Quarterly financial performance is great although its PE is at the high of 62 however still lower than iFast of PE 100.

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 - Waiting For Direction

STI already up more than a year and now everything is at the all time high.

Nikko STI ETF is also waiting for further direction.  

What direction? 

Delta Variant direction, Inflation and the FED simulation.  

Resistance - 3.27

Support  - 3.15

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.

CapitaCom - Malls are Range Bound

CapLand IntCom Trust price action is range bound like Suntec.  

Seem like all the malls and commercial reits price action are alike.

Support near 2.10

Resistance near 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.

Suntec - Range Bound By COVID Variant

Suntec price action up and down in a very tight range as its business had been impacted by the Delta variant which force Government to relax/tighten control the crowds to malls multiple times..

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 - High Chance for Breaking Barrier

Technically, Capitaland volume looks good for a breakout of its previous high of 4.00

Lets watch tomorrow.

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.

Singapore Reits - SGX is About Reits and More Reits

10 Strongest Performing REITs & Property Trusts Over the Past 9 Weeks.	Code	Mkt Cap S$M	Total Return 14 May - 16 July %	Net Insti & Net Prop Flow 14 May - 16 July S$M	Total Return YTD %	Dividend Yield at 30 June %	Property Focus
ARA H Trust USD*	XZL	446	22	-2.6	35	N.A.	Hospitality
Lendlease REIT	JYEU	1033	21	10.8	23	6.4	Diversified
ARA LOGOS Log Tr	K2LU	1296	19	14.4	54	6.7	Industrial
AIMS APAC REIT	O5RU	1118	18	9.7	31	6.1	Industrial
Starhill Global REIT	P40U	1351	17	8.2	25	4.6	Retail
SPHREIT	SK6U	2643	17	7.7	16	4.0	Retail
ESR-REIT	J91U	1706	16	10.0	17	7.1	Industrial
ParkwayLife REIT	C2PU	2904	15	2.4	26	3.1	Health Care
Keppel Pac Oak REIT USD	CMOU	1041	14	-2.8	26	7.9	Office
OUE Com REIT	TS0U	2309	13	10.0	14	5.9	Diversified

Source: SGX, Refinitiv, Bloomberg (Data as of 16 July 2021), Note * Stapled Trust ** Business Trust.

Dairy Farm - COVID Spike But Price Did Not

Dairy Farm price remain the same while Sheng Siong only up by 0.02

Smart monies does not let the known event happen twice.

Price action of Dairy Farm continues its sideway movement.

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 - Support Resistance Intact

I believe the Chinese government is doing the right thing for the tech sector.   Government need to intervene when they see something wrong with the current system where the BIG sharks are eating away all the small fishes.  The China big tech price action are likely to move sideways for the movement.

09 July 2021 - Demand coming

15 July 2021 - Down setup

The parallel line can be seem easily even without drawing the support (1.25) and resistance (1.40).

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.

Dow Jones - Resistance Strong

Dow Jones hit strong resistance for 4 days before it broke down 300 points on the 5th day.

Resistance 35 000

Support     34 250

Worst case scenario may fall to 2nd support of 33 500

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.

Sheng Siong - Holding Steady At Support

Sheng Siong price action holding steady at support point.

Looks good to accumulate some at this point.

Financially well to continue paying good dividends.

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 - Today End At Support Line

ComfortDelGro is not an exciting stock.  Today, the price action is at good support area.

Will it bounce back like previously?

Result looks quite flat but still positive.

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 - Wow Hit PE of 100

Wow, iFast now at 100 times earnings.  Any bad news will be nasty to the price action.

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 NAC - Slow But Steady

Mapletree NAC on a slow and steady uptrend.

2021 pandemic is not a good year for Mapletree NAC as it is making a loss.  If you believe in Temasek management, then it can be a good long-term buy, but it upside looks limited.

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.

SGX - You Want This Kind of Quality Uptrend

Trend is your friend and you should LOVE this kind of quality uptrend like SGX.

Quality Uptrend usually come from quality profitable results.

Fundamental and Technical analysis, MOST of the time (80%) is CLOSELY link.  Of course, SOME of the time (20%) it doesn't.

Nothing is ever perfection.

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.

CDL - This Reminds Me of Singpost

Somehow CDL saga where someone in power decided to buy shitty companies and turn itself from a profitable company into a loss making one.   

It reminds me of Singpost where it was once a great company that pays consistent dividends and someone in power decided to invest in shitty companies in USA and end up being a loss making firm.  

When you are in SHIT hole, it is going to take many years to recover.  Just look at Singpost.

Dec 31 2020

https://www.straitstimes.com/business/cdl-director-quits-citing-concerns-over-investment

Jan 05 2021

https://www.straitstimes.com/business/companies-markets/cdl-sets-up-special-working-group-after-3rd-director-quits

July 07 2021

https://sbr.com.sg/commercial-property/news/city-developments-limits-exposure-sincere-property-after-bankruptcy-claim

CDL price action is now trapped in a descending lines.

Haw Par - Will There Be An Unexpected Upside

Last week, DBS get a 1 day unexpected upside and then fall back to the support resistance.  The 1 day upside was FAKE after all.

Haw Par was also moving towards the same support (13.30) resistance (13.70) range.  Will there be a real or fake 1 day upside next week.

Technical trading are full of deception by smart monies.

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 - Down The River

Riverstone had been ditch by smart monies and now moving down the river.

1.00 is 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.

Wilmar - The Support Must Hold

Wilmar is sitting at critical support line and it MUST hold.  If this line holds well, uptrend will be positive.

29 Dec 20 - No Supply Test (Year 2020)

02 Jul 21 - No Supply Test

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 - Unexpected Strength

DBS shows unexpected strength today by going up 0.87 cents in a single day.  Wow!

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 ITrust - Well Supported

Ascendas ITrust support line of 1.40 was strong.

30 Jun 21 - Demand Coming

01 Jul 21 - No Supply

Today price action went back to the previous No Demand line on 11 Jun 21. 

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 Kay Hian Top Stock Picks

Given the outlook, the team continues to like financials, selected re-opening plays, and Covid-19 resilient sectors.

Top stock picks include OCBC and SGX for financials and ComfortDelGro, Frasers Centerpoint Trust, Genting Singapore, Lendlease Global Commercial REIT, and Thai Beverage for re-opening plays.

For Covid-19-resilient sectors, the team likes tech companies Nanofilm Technologies and US-listed Sea, as well as healthcare companies including Riverstone and industrial REITs such as Ascendas REIT and Frasers Logistics Trust.

In addition, UOB Kay Hian is bullish on companies whose earnings are predominantly from China where the Covid-19 situation has been contained, such as Yangzijiang Shipbuilding. The team also likes companies undergoing significant strategic transformation, such as Sembcorp Industries.

SPDR Gold Trust Traded in SGD in SGX

Hassle free way for you to invest in Gold thru the Singapore Stock Exchange.

The SPDR Gold Shares ETF

Effective 30 June, dual currency trading will be introduced to the SPDR Gold Shares ETF which will commence trading in a secondary currency of SGD (Code: GSD), with the primary trading currency remaining the USD (code: O87).  As the unit holdings executed via SGD and USD counters are custodised in a consolidated pool at the depository, investors can buy one currency counter and sell in the other currency counter.

The non-SIP ETF, also included under the CPFIS-OA, has a minimum board lot size of 5 units (approx. 0.47 ounces of Gold), which at a current unit price of US$166.00, has a value of US$830 (approx. S$1,110). The SPDR Gold Shares ETF was the most traded ETF listed in Singapore in 2019 and 2020, and the second most traded ETF in the 2021 year to date.

The SPDR Gold Shares ETF has averaged daily turnover close to US$4.0 million since the end of 2019, which compares to average daily turnover of US$1.7 million for the three years pre-COVID.

Great Eastern - Bag Holding

My Small Buy @ 22.26 - Guts testing, follow the signal, maybe right or wrong.

23 Jun 21 - Bag Holding

• Bag Holding. Efforts of the sellers (a high red volume on the delta) do not produce a significant result in the price reduction (a narrow spread on the down bar).

01 Jul 21 - Down Setup

The descending triangle at its decision point.  Either it break down or up.  Smart monies like to keep technical traders in suspend.

The descending triangle pattern can be a great indicator of trend continuation, but it does have its limitations too:

ADVANTAGES
Easy pattern to identify
The descending triangle produces a clear target level – based on the max height of the descending triangle
LIMITATIONS False breakouts are possible (traders need to manage risk  accordingly) There is always a chance that  price moves sideways for an extended period of time or even moves higher Since this is an intermediate-term pattern, traders have the option to trade within the triangle but should filter trades in the direction of the trend

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.