Sunday, December 31, 2023

Frasers Property - 29 Dec 2023

What does this stock chart says?

Look bullish as price was going up for the past 6 weeks, but when look at chart, it still in a long-term DOWN trend.  0.94 is a formidable resistance.



Saturday, December 30, 2023

STI ETF - 29 Dec 2023

What does this stock chart says?

Enter the 3rd of bullish bar, current week is the largest bar.

FED cutting interest rate news is still on play, so far NO new bad news and the rally might stall or continue.  Take note that many stock price are near the incoming resistance.  Need to be cautious even though high can still go higher.  The Greater Fool theory.

My current strategy is to continue to sell some stocks as the STI goes higher as we can never know how high it will go.  Buying will be a no go for now.



Venture - 29 Dec 2023

What does this stock chart says?

8 weeks of bullish bar and price is now near the incoming resistance around 14

Be cautious.




Thursday, December 28, 2023

Hong Leong Finance - 28 Dec 2024

What does this stock chart says?

Price action is kind of flat.  

Support     2.45   

Resistance 2.50  



Wednesday, December 27, 2023

Sheng Siong - 27 Dec 2023

What does this stock chart says?

Very tight range, if you wish to buy for dividends 1.56 is a reasonable support price.



Friday, December 15, 2023

Nikko STI ETF - 15 Dec 2023

What does this stock chart says?

Nikko ETF remains sluggish as STI contains mainly banks which are not in favor now.



Wednesday, December 13, 2023

SGX - 13 Dec 2023

What does this stock chart says?

Moving within the down channel.  



Tuesday, December 12, 2023

CSE Global - 12 Dec 2023

What does this stock chart says?

This kind of pattern is the worse, neither down or up.  



Friday, December 08, 2023

Mapletree Ind - 08 Dec 2023

What does this stock chart says?

Price action looking positive as it is staying above the long-term downtrend line.



Wednesday, December 06, 2023

Ascendas Reit - 06 Dec 23

What does this stock chart says?

Resistance met.  Wait for further direction.  



Monday, December 04, 2023

Venture - 04 Dec 2023

What does this stock chart says?

Turning positive if it remains above the downtrend line.



Sunday, December 03, 2023

STI - 03 Dec 2023

What does this stock chart says?

Divergent

STI flat and down while Dow enjoying a rally to reach resistance.  




Friday, December 01, 2023

Keppel DC Reit - 01 Dec 2023

What does this stock chart says?

Current mood is FED rate hike ending, so REITS getting bullish?  

Hmmm, so far so good........



Singapore Stock Investment Research