The Technical Dividends Investor: February 2024

Thursday, February 29, 2024

DBS - 29 fEB 2024

What does this stock chart says?

Uptrend Channel

P/E Ratio 8.54

Dividend Yield 5.76

Price is at risky level as resistance line 34 prove strong. Usually, after Bonus issue, price will slowly descend down like a boiling frog.

Wednesday, February 28, 2024

CapLand India - 28 Feb 2023

What does this stock chart says?

Support 1.03

Resistance 1.15

Tuesday, February 27, 2024

Capland Invest - 27 Feb 2024

What does this stock chart says?

Super Long Down Channel

Lower Low Lower High

P/E Ratio 18.16

Dividend Yield 4.38%

Monday, February 26, 2024

CapLand China - 26 Feb 2024

What does this stock chart says?

Super long downtrend.

P/E Ratio 12.67

Dividend Yield 8.87%

Sunday, February 25, 2024

Dow Jones - 23 Feb 2024

What does this stock chart says?

The DOW is at the highest level in history. Risk are high now. The Greater fool theory in play again.

Saturday, February 24, 2024

Genting Singapore - 23 Feb 2024

Genting Singapore Ltd forms bearish "Megaphone Top" chart pattern

Feb 23, 2024

Trading Central has detected a "Megaphone Top" chart pattern formed on Genting Singapore Ltd (G13:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.930 to the range of 0.850 - 0.870. The pattern formed over 30 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the downside suggests we're starting a more decisive downtrend.

With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively lower lows between three higher highs, and the reversal signal occurs when the price breaks down below the second trough (the lowest lows) as a sign of a more decisive bearish move.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.

Friday, February 23, 2024

Capland Ascott - 23 Feb 2024

What does this stock chart says?

Downtrend Channel

Price Below 200 SMA

P/E Ratio 13.14

Dividend Yield 7.15%

Buyer seem to be supporting the price at current level.

Thursday, February 22, 2024

UMS - 22 Feb 2024

What does this stock chart says?

Uptrend Channel

Higher Low Higher High

Price Above 200 SMA

P/E Ratio 11.31

Dividend Yield 3.65%

Very bullish but 1.50 is a strong resistance, watch if it can break it.

Wednesday, February 21, 2024

CapLand IntCom Trust - 21 Feb 2024

What does this stock chart says?

Downward Channel

Price Above 200 SMA

P/E Ratio 17.9

Dividend Yield 5.51%

Every time price reach upper resistance, selling occur as can seen by the many long tails.

Tuesday, February 20, 2024

Hong Leong Finance - 20 Feb 2024

What does this stock chart says?

Uptrend Channel

Higher Low Higher High

Price Above 200 SMA

VSA Signal - 19 Feb 2024 - Supply Coming

P/E Ratio 7.58

Dividend Yield 6.59

Seller reject the bullish bar yesterday. VSA signal incoming supply. Price also near resistance 2.56. Not a good sign.

Monday, February 19, 2024

CapLand Ascendas - 19 Feb 2024

What does this stock chart says?

Down Channel

Lower Low Lower High

Price Below 200 SMA

VSA Signal - 14 Feb 2024 - Up Setup

P/E Ratio 68.50

Dividend Yield 5.53%

Price hit 1st resistance of down channel. 2.70 is key support line, if cannot hold, next support will be 2.65

Sunday, February 18, 2024

Singtel - 16 Feb 2024

What does this stock chart says?

Downward Channel

Lower Low Lower High

Price Below 200 SMA

P/E Ratio 12.34

Dividend Yield 4.41%

Chart shows price at upper resistance of down channel. Avoid.

Saturday, February 17, 2024

ParkwayLife Reit - 16 Feb 2024

What does this stock chart says?

Down Channel

Lower Low Lower High

Price Below 200 SMA

VSA Signal - Week 29 Jan 24 - Up Setup

Dividend Yield 3.98%

Since the up setup on week 29 Jan 24, current is 3rd week of up bar, a mini bull is in progress even before the analyst report was release.

9 Feb - Parkway Life REIT stands to benefit from the upgrade of Mount Elizabeth Hospital into an integrated multi-service hub under Project Renaissance, UOB Kay Hian analyst Jonathan Koh says in a research note. The multi-service hub, to be completed over three years, will increase productivity and create an enlarged healthcare campus, the analyst notes. MEH's emergency department and inpatient and outpatient treatment centers will be expanded for better operational flow, and wards reconfigured to cater to growing demand from local and foreign patients, the analyst adds. UOB KH raises the REIT's target price to S$5.07 from S$4.84 with an unchanged buy rating. Units are 2.2% higher at S$3.66.

Friday, February 16, 2024

SGX - 16 Feb 2024

What does this stock chart says?

Downtrend Channel

Lower Low Lower High

Price Below 200 SMA which is a bearish sign

VSA Signal 13 Feb Up Setups

P/E Ratio 17.94

Dividend Yield 3.58%

Price rebound quickly to upper resistance, need to watch if it can break the current mini down channel.