ARA LOGOS - Bullish Double Bottom

A "Double Bottom" chart pattern formed on ARA LOGOS Logistics Trust (K2LU:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.560 to the range of 0.600 - 0.620.

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.

Mapletree Com - Head and Shoulders Bottom

A "Head and Shoulders Bottom" chart pattern formed on Mapletree Commercial Trust (N2IU:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 2.050 to the range of 2.460 - 2.560.

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.

Cordlife - Resistance Breakout

Cordlife had a resistance breakout on the last CB day, wait for 2 more bars to confirm the breakout is a good one.  Investors seem in a good mood as many stocks had a good run, many people are glad that the CB days are overs.  Remember to embrace the new norm and wear a mask, stay safe.

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 - Falling Wedge

STI shows a falling wedge pattern, looks weak, better reduce trading and wait for clearer signal.

Genting SP - Bullish Bottom Triangle

Genting Singapore Ltd forms bullish "Bottom Triangle" chart pattern
May 29, 2020

Recognia has detected a "Bottom Triangle" chart pattern formed on Genting Singapore Ltd (G13:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.785 to the range of 1.020 - 1.080. The pattern formed over 49 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 seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle 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 above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.


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

Wall Street - 29 May 2020

Mapletree NAC - Bullish Bottom Triangle

Mapletree North Asia Commercial Trust forms bullish "Bottom Triangle" chart pattern
May 29, 2020

Recognia has detected a "Bottom Triangle" chart pattern formed on Mapletree North Asia Commercial Trust (RW0U:SGX-ST). This bullish signal indicates that the stock price may rise from the close of 0.835 to the range of 1.010 - 1.050. The pattern formed over 46 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 seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle 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 above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.


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

Suntec - Resistance Breakout

Suntec break a 2nd resistance today on good volume.  Uptrend likely to continue if there are no major events that trigger a change of overal market trend.

First Resources - Breakout from Resistance

First Resources had a price resistance breakout and some traders like to trade this.  If you take the trade, do remember your stop loss.

SGX - Loss MSCI to Hong Kong Exchange.

Singapore Exchange Gap down to today due to loss of MSCI licence which will impact its profits.

On Wednesday, global index publisher MSCI also signed a licence agreement with Hong Kong Exchanges and Clearing (HKEX) to launch Asia and Emerging Markets futures and options contracts.

Under the agreement, HKEX unit Hong Kong Futures Exchange will receive a suite of MSCI equity indices on which it will base an initial 37 futures and options contracts.

Bearish sign before today downtrend breakout.  Interesting to take note of.