SGX - You Want This Kind of Quality Uptrend

Trend is your friend and you should LOVE this kind of quality uptrend like SGX.

Quality Uptrend usually come from quality profitable results.

Fundamental and Technical analysis, MOST of the time (80%) is CLOSELY link.  Of course, SOME of the time (20%) it doesn't.

Nothing is ever perfection.

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.

CDL - This Reminds Me of Singpost

Somehow CDL saga where someone in power decided to buy shitty companies and turn itself from a profitable company into a loss making one.   

It reminds me of Singpost where it was once a great company that pays consistent dividends and someone in power decided to invest in shitty companies in USA and end up being a loss making firm.  

When you are in SHIT hole, it is going to take many years to recover.  Just look at Singpost.

Dec 31 2020

https://www.straitstimes.com/business/cdl-director-quits-citing-concerns-over-investment

Jan 05 2021

https://www.straitstimes.com/business/companies-markets/cdl-sets-up-special-working-group-after-3rd-director-quits

July 07 2021

https://sbr.com.sg/commercial-property/news/city-developments-limits-exposure-sincere-property-after-bankruptcy-claim

CDL price action is now trapped in a descending lines.

Haw Par - Will There Be An Unexpected Upside

Last week, DBS get a 1 day unexpected upside and then fall back to the support resistance.  The 1 day upside was FAKE after all.

Haw Par was also moving towards the same support (13.30) resistance (13.70) range.  Will there be a real or fake 1 day upside next week.

Technical trading are full of deception by smart monies.

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.

Riverstone - Down The River

Riverstone had been ditch by smart monies and now moving down the river.

1.00 is a good support point.

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.

Wilmar - The Support Must Hold

Wilmar is sitting at critical support line and it MUST hold.  If this line holds well, uptrend will be positive.

29 Dec 20 - No Supply Test (Year 2020)

02 Jul 21 - No Supply Test

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.

DBS - Unexpected Strength

DBS shows unexpected strength today by going up 0.87 cents in a single day.  Wow!

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.

Ascendas ITrust - Well Supported

Ascendas ITrust support line of 1.40 was strong.

30 Jun 21 - Demand Coming

01 Jul 21 - No Supply

Today price action went back to the previous No Demand line on 11 Jun 21. 

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.

UOB Kay Hian Top Stock Picks

Given the outlook, the team continues to like financials, selected re-opening plays, and Covid-19 resilient sectors.

Top stock picks include OCBC and SGX for financials and ComfortDelGro, Frasers Centerpoint Trust, Genting Singapore, Lendlease Global Commercial REIT, and Thai Beverage for re-opening plays.

For Covid-19-resilient sectors, the team likes tech companies Nanofilm Technologies and US-listed Sea, as well as healthcare companies including Riverstone and industrial REITs such as Ascendas REIT and Frasers Logistics Trust.

In addition, UOB Kay Hian is bullish on companies whose earnings are predominantly from China where the Covid-19 situation has been contained, such as Yangzijiang Shipbuilding. The team also likes companies undergoing significant strategic transformation, such as Sembcorp Industries.

SPDR Gold Trust Traded in SGD in SGX

Hassle free way for you to invest in Gold thru the Singapore Stock Exchange.

The SPDR Gold Shares ETF

Effective 30 June, dual currency trading will be introduced to the SPDR Gold Shares ETF which will commence trading in a secondary currency of SGD (Code: GSD), with the primary trading currency remaining the USD (code: O87).  As the unit holdings executed via SGD and USD counters are custodised in a consolidated pool at the depository, investors can buy one currency counter and sell in the other currency counter.

The non-SIP ETF, also included under the CPFIS-OA, has a minimum board lot size of 5 units (approx. 0.47 ounces of Gold), which at a current unit price of US$166.00, has a value of US$830 (approx. S$1,110). The SPDR Gold Shares ETF was the most traded ETF listed in Singapore in 2019 and 2020, and the second most traded ETF in the 2021 year to date.

The SPDR Gold Shares ETF has averaged daily turnover close to US$4.0 million since the end of 2019, which compares to average daily turnover of US$1.7 million for the three years pre-COVID.

Great Eastern - Bag Holding

My Small Buy @ 22.26 - Guts testing, follow the signal, maybe right or wrong.

23 Jun 21 - Bag Holding

• Bag Holding. Efforts of the sellers (a high red volume on the delta) do not produce a significant result in the price reduction (a narrow spread on the down bar).

01 Jul 21 - Down Setup

The descending triangle at its decision point.  Either it break down or up.  Smart monies like to keep technical traders in suspend.

The descending triangle pattern can be a great indicator of trend continuation, but it does have its limitations too:

ADVANTAGES
Easy pattern to identify
The descending triangle produces a clear target level – based on the max height of the descending triangle
LIMITATIONS False breakouts are possible (traders need to manage risk  accordingly) There is always a chance that  price moves sideways for an extended period of time or even moves higher Since this is an intermediate-term pattern, traders have the option to trade within the triangle but should filter trades in the direction of the trend

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.