Friday, April 28, 2023

OCBC- 28 Apr 2023

What does this stock chart says?

Not strong enough to break new high.  But that weak yet to break support.  It is like a hanging fruits.  



Thursday, April 27, 2023

Paragon Reit - 27 Apr 2023

What does this stock chart says?

Downtrend in progress.  Support price around 0.90.  



Wednesday, April 26, 2023

Micro-Mechanics - 26 Apr 2023

What does this stock chart says?

Long-term downtrend.  Just a technical rebound to upper resistance.  Avoid.



Tuesday, April 25, 2023

OUE Comm - 25 Apr 2023

What does this stock chart says?

Clear long-term downtrend.  Stay away unless there is a trend change.  



Monday, April 24, 2023

Keppel Corp - 24 Apr 2023

What does this stock chart says?

Long-term trend still up.  Need to watch closely as we enter the 3rd wave. Watch out for any sudden HIGH volume spike up and then break down the next few days, which usually mean the end of trend.



Friday, April 21, 2023

Netlink NBN Trust - 21 Apr 2023

What does this stock chart says?

Yet to break up with high volume.  Long-term still pointing down.  



Thursday, April 20, 2023

HRNetGroup - 20 Apr 2023

What does this stock chart says?

Slowing and boring, more for dividends collector.



Wednesday, April 19, 2023

Mapletree PanAsia - 19 Apr 2023

What does this stock chart says?

1.85 seem to be a strong resistance.  Will it be temporary, time will tell.



Tuesday, April 18, 2023

Hotung Inv - 18 Apr 2023

What does this stock chart says?

Continue to be bullish as long as the bullish flag don't break down.  However, it is yet to break the long-term resistance line.



Monday, April 17, 2023

Mapletree Log - 17 Apr 2023

What does this stock chart says?

The resistance at 1.80 need to breakup with high volume, if not, price will likely drop back to support line.  As long as the uptrend support line holds, the uptrend then can continue. 



Saturday, April 15, 2023

DOW and STI - 14 Apr 2023

What does this stock chart says?

Watch carefully as we are at the resistance point.  If it failed to break up with high volume, then we may see price falling back to support.


STI is also at resistance point although the trend line looks slightly different.  Better stay at the side line and let the market decide the direction first.





Friday, April 14, 2023

Hong Leong Finance, - 14 Apr 2023

What does this stock chart says?

Clear uptrend,  Uptrend getting steeper due to the continue good news.  Need to keep a close watch at this level.



Wednesday, April 12, 2023

Mapletree Industrial - 12 Apr 2023

What does this stock chart says?

Uptrend intact but don't look strong enough to push further up. Watch out that the higher low does not break down.  



Monday, April 10, 2023

Haw Par - 10 Apr 2023

What does this stock chart says?

Price at important support line, if stay around the support line for too long, price likely to turn bearish.  



Thursday, April 06, 2023

Lendlease Reit - 06 Apr 2023

What does this stock chart says?

Long-term trend is down.    Current price is at upper resistance line.  Can only goes higher if it can break resistance with high volume.



Wednesday, April 05, 2023

Great Eastern - 05 Apr 2023

What does this stock chart says?

Long-term trend is down.  Short-term trend slightly bullish as it came out of its first downtrend line.  



Tuesday, April 04, 2023

Keppel DC Reit - 04 Apr 2023

What does this stock chart says?

Trend continuation on its up channel.   



Monday, April 03, 2023

Golden Argi-Res - 03 Apr 2023

What does this stock chart says?

This chart is in a mini uptrend, need to wait for the resistance.

Overall, market sentiment have greatly improve, be cautious as news now are quite bullish are many are saying that the bear is dead.  The banking crises was short lived and FED pump back 2/3 of the QE money into the economy.  



Singapore Stock Investment Research