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SINGAPORE COVID-19 Wave 5 delayed onsetHeads up... Next Wave 5 is ON. Not expected to be bigger than the initial Omicron wave, or even Delta for that matter, but significant enough. This probably comes from imported cases with less screening and testing, as well as under reporting. The under reporting is messing with the data outcome and accuracy, also significantly dropping the heads up period... this wave 5 coincides with the end of school holidays, and returning travellers are very likely to bring more seeds back. Spike peaks should be end July early August period. May be extended with National Day holiday weekend in early August.
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by Auguraltrader
MapleTree Industrial Trust REITS - longWeekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside. MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres. The total addressable market size of data centre in Singapore alone, in terms of spending opportunity, is expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025. Thus there is more potential for growth for MIT. I believe this is a long term hold, and dividend yield is 4.46%, which is not bad at all. Gross revenue has been consistently increasing for past 5 years (average 7.07% for year 2017 to 2021). Assets has also been on an uptrend since 2017. Total valuation of the 115 properties held by MIT is S$6,762m, and 41% of those at data centre. Occupancy has also increased from 90.9% to 92.6% overall from 2020 to 2021. Tenancy are also diversified across different trade sectors such as manufacturing, retail trade, financial and information & communications. Long term PT is 3, then 3.3. I think a great area for buying would be 2.4 range. However, it is in a weekly descending wedge. If it does breakout strongly, I will look to buy in on retest of breakout area.
SGX:ME8ULong
by Chartpatternz
Singapore dollar weighing down the British poundThe Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third largest trading partner. Looking at the weekly chart of the GBPSGD, we can easily see the strength of Singapore weighing this pair down. The BGPSGD has recently taken out the low from June 2020 and is possibly targeting the March 2020 next. With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength of trends by following the movement of an orange ‘Up’ line and a Blue ‘Down’ line. Within the first circle, the rising Up and Down lines suggest a weak trend for the corresponding chart. As such, the uptrend quickly petered out and entered a period of consolidation and a quicker reversal. Within the second circle, we can see the Down line cross below the Up before reversing its trajectory. This movement in the Aroon indicator corresponds with the attempted bullish push in the GBPSGD. Once the Aroon lines reversed, The bullish push disappeared, and a strong bearishness entered the GBPSGD, and did so until the start of May. Currently, we can see that the two Aroon lines are separated by quite some distance. It may be worth keeping track of the Aroon lines to determine how close the GBPSGD wants to move toward that March 2020 low, if its downward trend holds.
by BlackBull_Markets
SGDMYR 3.5 targetWas in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a multiyear triangle had been forming and 2021 seems to have broken out, retested and in 2022 April, launched upwards with the strong SGD. The strong SGD, and even stronger USD is going to propel the exchange rate to the 3.50 target ( Current projections point to 3.45)... target projected to hit by end of 2022. Technically, the Bollinger Bands are now expanding and the rate is pushing or leading the upper band. It has also been bouncing off the Monthly 55EMA. So, trend is going up for the next year or so. Heads up, it is more pain to come really. And we all thought 2020-2021 were bad... Take care folks.
by Auguraltrader
DBS holding, a bank of singapore.Monthly chart: give this thing time, and you will keep your money. Zoom in to weekly chart: Support of before-after covid19 at 15,30. but not alone: there is also a big support zone in the range of 17,7-19,16. Last but not least: A resistance seems to be in place at the ATH; 24,4. Do not forget all the moving averages ;D Zoom in again, this time to the daily chart: again, a range between 22,3 and 24.4 (ATH we talked about in the weekly chart) Also, the 200MA is following the price closely, ready to bring support to the price if it fails. Final consideration: At the moment, there seems to be no reason against the price to simply keep rising. Trade safe. Not financial advice.
SWB:DEVLLong
by camelot0707
SINGAPORE COVIS-19 Wave 4 Ebb into FlowA week after calling the levelling off in reported infections, it did just that and few days later, the SG Health Minister's statement says that the omicron peak is over . From the past few days, the ebb is slowing and the drop in infections appears to be picking up again. Do remember that virus infections are not exactly linear in amounts and in time as well. So, we could very well be at the ebb of the tide, only to see a resurgence from early April, as projected in the chart. the next 5-7 days would be critical in solidifying this projection; although it is clear that there is a deceleration in the reduction of infections. Heads up!
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by Auguraltrader
SINGAPORE COVID-19 Wave 4 UpdateAt the start of the year, it was clear that the Omicron wave (Wave 4) started, as heads up by the previous post. Wave 4 is ON now. In the coming weeks, it starts slow, but will accelerate faster and faster, into March and April 2022 In the last two months, we can see that the infection rate escalated after the turn into February. Depicted by the white and yellow line gradients marked under the MACD Signal line. No deceleration is observed yet... so expect at least a week or two before we see some levelling off (hopefully). Given the current measures, and population attitudes, I honestly do not yet see this abating soon... will check in again in a couple of weeks if there is any developments. #marapr2022
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by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update XIIIn a rather surprising, and significant turn of events, when revisiting the daily counts (which are grossly under reported as many are asked to stay home with primarily ART testing; only PCR positives are logged) there appears to be another kink in the trajectory. Earlier, the model projected a tapering of the numbers. This was also modelled in line with the experience of Malaysia, Indonesia, and even India. Two factors seemed to have not so relevant... the population density in built up areas in Singapore is much higher than any of these countries. Also, the measures imposed are rather different. And these two might be the crux of the kink, dragging along a sub wave, which in my humble opinion is probably a lot steeper, but appears less aggressive on the MACD histogram. Taking these into consideration, the model is projecting a longer run, with a less steeply rising histogrm. This would easily push the tapering off into December, if at all, else into 2022. Stay safe people... do decide to do what you think is necessary. Take very good care of yourself and especially of your family. Do take time to check into an earlier post at the end of June 2021... something was clearly indicated, and showed its face about a month later. Meanwhile, at that time, measures were relaxed and people got optimistic, perhaps a tad too early. Clearly, the model works, and this is yet again telling us something. We are still behind the curve.
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by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update VIIIAt the present moment, in real life, there is a feel of relief. Some optimism that this can return to "new normal", with dining in reinstated on June 21. Thing is, according to the projections based on the trend analysis, a small spike is already on the way and June 21-30 is about the time is gets noticeably serious. Not so easy to get away when we are still behind the curve... Something we are missing, not yet seeing, and somewhere is brewing the next wave. Where is it???
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by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update XI Been a while since, and much has happened... Now, the numbers are somewhat different as Singapore had decided to take a different stance, so bearing in mind that not every case is being tracked (by PCR) as a significant number is now being tested by default using the Antigen Rapid Test (ART) kits. Nonetheless, since October 10th, the spread is slowing slightly... and using the MACD histograms with whatever reliable data left, can roughly project a tapering down in mid-November. However, since the borders are reopening, combined with the massive handling and release from mandatory measures for reporting (stay home quarantine, ART testing, etc.)... we probably have a better idea early November (green circle) where this new dynamic will take us. So, the model here is now starting to have larger variations. IF you would kindly track back previous posts, you can see the projections are highly predictive, particularly a comment I made at the end of June, about somewhere is a leak and it is about to resurge. And lol, it did with a big bang into September October. Well... stay safe and well!
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by Auguraltrader
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SINGAPORE COVID Wave 3 Projection Update XI Singapore just made the USA travel advisory list... and we have not yet even open borders. SG just need to first get its house in order, then dreams will work out. Anyways, I was having a chat about the astronomical numbers (by SG standards) and we looked at the charts. Then we projected where there might be peaking out. Knowing full well that in Indonesia and Malaysia, they saw a peak out after 2 months, with or without effective lockdowns. Collateral damage aside, the peak infected numbers levelled off, and we wonder when and at what levels Singapore would have hers. August is the chart take off, so October should be about right. Combined in our discussion, we applied Fibonacci extensions and Gann fan. Pinpointing a peaking out (levelling off in the cummulative charts) about 100,000-104,000 by mid October 2021. Here goes nothing! PS. Albert.. this one for our keeps. This is part our OUR SCRIPT. lolx
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by Auguraltrader
SINGAPORE COVID-19 Wave 3 Projection Update X (Part 1)Based on the Weekly chart... There was NO end to the wave, a slight reprieve, but it was there, clear and present. Sine the week of 19 July, it was a crossover, one that is significant and not to ignore. On the week of 30 August, the uptick was telling that the trend is real and resuming. Now SG would really feel it now as the rate is clearly accelerating over the last two weeks. Projections in line with the SG MOH press statement. We dropped the ball. Period.
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by Auguraltrader
GBPJPY CONTINUATION OF BULLISH TREND.OANDA:GBPJPY Higher Time Frame Trend: Bullish - Bias: Longs - Wait for pullbacks or break and retest of market structure for entry. - Entry at 15min TF - 2 Trade Ideas 1. Trade Idea ( wait for pullbacks) - As we can see, there is a bullish engulfing candle that broke the consolidation. - For this first trade idea, we would wait for price to pullback to the breakout of the engulfing candle for a better entry. 2. Trade Idea (Break and Retest) - Instead of waiting for a pullback. We can set a buy stop above the highs of 151.500 for a breakout scalp trade. - Or if you wanna be safe and wait for a retest, that would work too.
Long
by chiajiachee