Lion OCBC Sec HSTech ETF HST - End of Rising Market

End of Rising Market on 25 June 2021 proven correct:

https://sgstocklink.blogspot.com/2021/06/lion-ocbc-sec-hstech-etf-hst-next-week.html

Ended the week down and near the well supported 1.30

Lendlease Reit - Nice Uptrend Channel

Today, Lendlease Reit finally break up of its upper uptrend channel.

05 May 21 - Selling Climax - failed, continued to goes down for anther 6 days.

14 May 21 - Selling Climax - succeed -next day price action was pretty bullish.

Definition of selling climax 

: a sharp decline in stock prices for a short time on very heavy trading volume followed by a rally.

04 Jun 21 - No Supply Test

10 Jun 21 - No Supply Test

17 Jun 21 - Up Setup

30 Jun 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.

Singtel - Apply for Malaysian digital bank license

Hopefully, Singtel can improve its earnings capacity through digital banking.  Its current cut throat telco business is getting worse year by year if you look at its yearly financial performance.

In the news:

Grab-Singtel, iFAST apply for Malaysian digital bank license

Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.

The Grab-Singtel joint venture and Singapore-based investment solutions firm iFAST Corporation have separately applied for a digital bank license in Malaysia.

In separate announcements, the two entities said that they have submitted applications for a digital bank license to Bank Negara Malaysia. Malaysia’s central bank is expected to issue up to five digital bank licenses by the first quarter of 2022.

Keppel DC Reit - Nearing 2.30 Support

Keppel DC Reit had been under selling pressure since March 2021 after the fourth top.

2.50 support looks weak.

2.30 might be coming sooner that you thought.

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 - Price Action Weakening

DBS price action seem to be weakening.  Two uptrend line broken but the 29 support still holds.  However, once the 29 strong hold is broken, expect further downside to 28.

Notice the bulls seem not able to hold for long once price action move above 30.

15 Jun 21 - Sign of Weakness - Close 30.07

21 Jun 21 - Signal of Strength - Close 29.63

28 Jun 21 - No Demand - Close 29.60

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.

Dasin Retail Trust - The Boiling Frog

Dasin Retail Trust is like the boiling frog principle where it took one year before the neckline was broken (yellow highlight).

A slow death is the worst death.  

If you wish to invest in reits, better go for quality reits like the Mapletree or Capitaland family.

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.

Lion OCBC Sec HSTech ETF HST - Next Week Decision Time

Lion OCBC Sec HSTech ETF HST at the resistance mark.

If this is the double TOP then down it goes back to 1.30.

If it break up, then we can see higher price action at 1.45

Smart monies like to test traders mind and keep them in suspend.

25 June 21 - Technical signal is End of rising market?  Next week we can tell if the technical signal is right or wrong, likely because of the double TOP.

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.

SembCorp Ind - Uptrend Keep Going

SembCorp Industries uptrend likely to keep going up till it break.

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.

Ho Bee Land - Strength To Strength

When you read forum and investors say keep away from property stocks, those who are contrarian are the winners now.

Property stocks turn out to be the best performers in 2021.

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.

Venture - Testing Your Guts

Smart monies testing traders guts again.  Price action now at previous support point.  

Will it be a double bottom or break down to 17-17.50.

Need to watch the price action like a hawk.

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.