Tuesday, February 28, 2023

Venture - 28 Feb 2023

What does this stock chart says?

Bullish turn to Bearish when it failed to break the previous resistance.

If the 17.17 support does not hold, the next support will be 16.50

Invest safe.  



Monday, February 27, 2023

CapLand China - 27 Feb 2023

What does this stock chart says?

Price action at support line, the interest rate hike fear might cause the price to be sluggish.  



Sunday, February 26, 2023

Nikko STI ETF - 24 Feb 2023

What does this stock chart says?

Failed to break the upper resistance of 3.45 and price now back to lower support channel.

If failed to hold, likely to move down to next support at 3.25  

Really, charting lines can be all over the place and confusing, its up to the technical chart reader to read.  :-)



Friday, February 24, 2023

Valuetronics - 24 Feb 2023

What does this stock chart says?

Forming a bullish flag, uptrend will continue only if it break the upper resistance of 0.575  



Thursday, February 23, 2023

Capland Ascott - 23 Feb 2023

What does this stock chart says?

Price action move out of the lower support of the mini uptrend line, however, the sideway support line is still holding.   If it failed to hold, price will turn bearish.  



Wednesday, February 22, 2023

UOL - 22 Feb 2023

What does this stock chart says?

Break lower support.  Looking very bearish.  



Tuesday, February 21, 2023

Ascendas Reit - 21 Feb 2023

What does this stock chart says?

Long-term trend is down.

Mid-term trend is up.  

Will turn-bearish again if cannot break the long-term upper resistance.



Monday, February 20, 2023

UOB - 20 Feb 2023

What does this stock chart says?

The recent news of banks good result and higher rate does not seem to cause UOB price to break out of its upper resistance.  It can only mean that Market Maker is using the good news to distribute at current price.
 



Friday, February 17, 2023

AIMS APAC - 17 Feb 2023

What does this stock chart says?

Forming a bullish flag.  

Decision point coming as it is near the end of triangle.  

Wait for break out confirmation.  



Wednesday, February 15, 2023

UMS - 15 Feb 2023

What does this stock chart says?

Price failed to breakout of previous resistance of 1.35

Heavy selling on 7 Feb 2023 (large bar and volume)

Support at 1.08 looks near and weak.  



Tuesday, February 14, 2023

Suntec - 14 Feb 2023

What does this stock chart says?

Long-term trend is still down.  If there are no strong breakup above the upper resistance, then the mini bulls will fail.



Monday, February 13, 2023

ThaiBev - 13 Feb 2023

What does this stock chart says?

Today, there is a very large bar down straight to the lower support channel.  Price is looking bearish as it cannot break the triple resistance top. 



Friday, February 10, 2023

StarHill Global - 10 Feb 2023

What does this stock chart says?

Clear uptrend as price maintain higher low and higher high.  



Wednesday, February 08, 2023

Straits Trading - 08 Feb 2023

What does this stock chart says?

Higher low but no further higher high.  Need a strong resistance breakout above 2.40 to be bullish.



Tuesday, February 07, 2023

Sabana Reit - 07 Feb 2023

What does this stock chart says?

Intermediate uptrend to continue.  



Monday, February 06, 2023

ST Eng - 06 Jan 2023

What does this stock chart says?

Still in a long-term downtrend.

Buyers trying to keep price positively above the 200 SMA but price seem stuck at the 3.80 resistance.  



Saturday, February 04, 2023

Dow and STI - 03 Feb 2023

What does this stock chart says?

Price is moving into a very narrow channel.  Traders are watching for the direction of the breakout which market maker will make.  



STI chart getting complex.  It is near resistance but it is also in an uptrend channel.  When confusing, I chose to stay out.  Stock market will always be there.




Friday, February 03, 2023

ParkwayLife Reit - 03 Feb 2023

What does this stock chart says?

Short-term bullish.  

Near resistance of 4.20.  

Whether it can continue to be bullish depends on the breakup from resistance.  



Thursday, February 02, 2023

Singtel - 02 Feb 2023

What does this stock chart says?

Look bearish due to the lower low and lower high.  Might continue to trend slowly lower. 



Wednesday, February 01, 2023

Paragon Reit - 01 Feb 2023

What does this stock chart says?

Broke downtrend trend.  Uptrend in motion.



Singapore Stock Investment Research