DBS - Can It Break Its Reistance

Recently, DBS got a good run up as many analyst reported that the worse maybe over for SG Banks.  If it can break the resistance next week, then there will be some more good run up.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

CapitaR China - Pure China Play Buy at 1.21

CapitaR China is no more just a mall reit.

https://sgstocklink.blogspot.com/2020/10/capitar-china-up-by-expanding.html

Transaction Value

Total Contract ValueSGD 9,680.00

CommissionSGD 11.62

Clearing FeeSGD 3.15

SGX Trading FeeSGD 0.73

GSTSGD 1.09

Total Commission & FeesSGD 16.59

Indicative Total ProceedSGD 9,696.59

Action

Buy

Stock Name

 CAPITAR CHINA TR

 MarketSingapore

SymbolAU8U

Order TypeLimit Order

Quantity8000

Order DurationGood for Today

Date-

PriceSGD 1.210

Settlement ModeCash Upfront

Settlement CurrencySGD

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Top Glove - Still The King of Glove

Top Glove price action still very strong.  The price uptrend still in tip top condition.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

ST Eng - Creeping Up Slowly

ST Engineering Venture Capital unit ST Ventures, along with equity firm Atlantic Bridge has made a strategic investment in CloudSphere, a cloud management and governance provider headquartered in California and Dublin for an undisclosed sum.  No major movement up and its uptrend is continuing.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

SATS - Price At Resistance

SATS price hit resistance, likely to go sideways.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Frasers Centrepoint - Gap Covering Not Successful

Frasers Centrepoint Trust bears seem strong, the gap covering from previous sell seem to fail.  Let see how it performed by Friday.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

STI ETF vs Philip AP Dividend Reit SGD

Philip AP Dividend Reit SGD is sideways, at least not down like STI ETF.  If you are investing monthly you may want to consider a switch.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

GCCP Resources - Bearish Symmetrical Continuation Triangle

GCCP Resources Ltd forms bearish "Symmetrical Continuation Triangle" chart pattern
Oct 02, 2020

Trading Central has detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on GCCP Resources Ltd (41T:SGX-ST). This bearish signal indicates that the stock price may fall from the close of 0.010 to the range of 0.010 - 0.010. The pattern formed over 18 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 price has broken downward out of a consolidation period, suggesting a continuation of the prior downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior downtrend.

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

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

UG Healthcare - Up by Malaysia EPF

UG Healthcare was bought by Malaysia EPF (around 5%).  It shows that the gloves industry still got room to grow.  EPF is Malaysia's Equivalent of Singapore's CPF.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

CapitaR China - Up by Expanding Investment Sector

CapitaR China management broaden its investment horizon, its no longer just a retail reits, it will include office, industrial properties, business parks, logistics facilities, data center and integrated developments in China, Hong Kong and Macau.   The high volume assume the downtrend is over.   Stick to the good 4 heavenly brand name if you wish to invest in reits for peace of mind. The 4 heavenly reits king are Capitaland, Keppel, Mapletree and Frasers.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.