Friday, September 29, 2023

Frasers Centrepoint - 29 Sep 2023

What does this stock chart says?

Moving up and down the weekly support and resistance which is getting narrower.  Need to wait for a break out direction.  



Thursday, September 28, 2023

Genting SP - 28 Sep 2023

What does this stock chart says?

Long-term trend is down.  Getting a good support at 0.82



Wednesday, September 27, 2023

CapLand IntCom - 27 Sep 2023

What does this stock chart says?

Look at the weekly chart, maybe further down the lower support before a technical rebound.



Tuesday, September 26, 2023

DBS - 26 Sep 2023

What does this stock chart says?

DBS price is range bound.  The risk of breaking support is higher.  That day will be when interest rate cut or maybe sooner. 






Monday, September 25, 2023

SembCorp Ind - 25 Sep 2023

What does this stock chart says?

Long-term chart still bullish, however short-term in price consolidation.  Be careful if it break support.  




Sunday, September 24, 2023

Nikko STI ETF - 22 Sep 2023

What does this stock chart says?

Symmetrical Triangle a symbol of indecision as the upper and lower look almost the same.



Crude Oil - 22 Sep 2023

What does this stock chart says?

Still looking bullish as price is above 200 SMA.



Saturday, September 23, 2023

Dow Jones - 22 Sep 2023

What does this stock chart says?

Next week will be critical as Daily and Weekly price have touch price support.  It will be ugly if next week Dow cannot perform a technical rebound.



Friday, September 22, 2023

CapLand China - 22 Sep 2023

What does this stock chart says?

China economy is still struggling, so is this reit.



Thursday, September 21, 2023

SIA - 21 Sep 2023

What does this stock chart says?

SIA price is slowing flying lower and lower.  Current boom in tourist have been price in.  



Wednesday, September 20, 2023

CapLand Ascendas - 20 Sep 2023

What does this stock chart says?

When price hit resistance can did not break resistance, then we will see technical reversal soon.



Tuesday, September 19, 2023

Singtel - 19 Sep 2023

What does this stock chart says?

Singapore Telecommunications (Singtel) has agreed to sell 20% of its regional data centre business to global investment firm KKR.

Can the good news break the upper downtrend resistance?  If unable to break, the down channel will continue.




Monday, September 18, 2023

Thomson Medical - 18 Sep 2023

What does this stock chart says?

Trend is down for both daily and weekly chart.   Avoid.  



Sunday, September 17, 2023

STI ETF - 15 Sep 2023

What does this stock chart says?

Can STI break free from its resistance?  We shall see next week.




Saturday, September 16, 2023

SPDR DJIA ETF US - 15 Sep 2023

What does this stock chart says?

Smart monies like to create this unsure pattern where up and down can equally happen.  :-)  



Friday, September 15, 2023

Frasers Property - 15 Sep 2023

What does this stock chart says?

DBS Group Research analysts have reinstated their “buy” call on Frasers Property, which they believe is trading at a “remarkably cheap valuation” despite improving fundamentals. 

Price hit the weekly resistance on DBS buy call target price of 1.20



Wednesday, September 13, 2023

Lendlease Reit - 13 Sep 2023

What does this stock chart says?

The remark came when price is at lower support.  A rebound may take price back to around 0.60 where it will face resistance again as it is in a down channel.

The recent sell-down in the units of Lendlease Global Commercial REIT (LREIT) has been “unwarranted”, write DBS Group Research analysts Geraldine Wong and Derek Tan. 



Tuesday, September 12, 2023

PropNex - 12 Sep 23

What does this stock chart says?

Weekly and Daily chart in sync, downtrend.  



Monday, September 11, 2023

OLAM - 11 Sep 23

What does this stock chart says?

Olam denies media reports of $68 billion Nigerian forex fraud, shares tumble.

Price already weak had become weaker after the bad news report.  Avoid





Sunday, September 10, 2023

Nikko STI ETF - 08 Sep 23

What does this stock chart says?

Weekly chart shows that Nikko STI ETF is still  in an uptrend.

Daily chart show a DOWN ARROW..... hmmmm    ;-)




Saturday, September 09, 2023

SPDR DJIA ETF US - 08 Sep 23

What does this stock chart says?

Weekly still in uptrend.

Daily in a mini down channel.  End of channel coming for a decision.  



Singapore Stock Investment Research