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Small Pullback Before Taking OffThis is an update from my previous post on DBS: Currently we have a risk free trade trade running on DBS SGX:D05 . Today I see another opportunity to be bullish, however we have to wait until it retraces to the nearest level. Big players are in the midst of profit taking from the previous bull run. Technically: downtrend channel resistance had been breached, we are waiting for the small pullback and buy from that area. This week my trade opinion : Buy Limit at $20.50 Stop Loss at $20.20 Take Profit at $21.78 Risk Reward Ratio = 4.27R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite. If you are benefiting from my trade opinion, please buy me coffee. As always, move your SL when you are in the profit zone.
SGX:D05Long
by machintose
Great Singapore Sales on D05 (DBS), we wait for a better price.SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet. The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45 Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock. My personal call: Buy Order Limit at $19.50 Stop Loss at $18.80 Take Profit at $22.09 Optimal Profit at $23.50 Risk Reward ratio = 5.8R Good Luck. Disclaimer: This call is for education purposes only, lot sizing is totally up to your risk appetite. As usual, I would recommend shifting your Stop Loss to your Break Even level once your position is in the profit zone. Always master your risks and your profit will come naturally.
SGX:D05Long
by machintose
STI just reached interim downside target. May bounce...As posted on numerous occasions recently, the STI, as expected and accurately enough , broke down and ended the week at the interim downside target. This breakdown did not appear to have very strong momentum, although it appears to be technically committed. Hence, expect next week to be slightly bullish, perhaps to retest the resistance. So far, taking stock of the technical outlook, the STI broke down and out of the widening wedge, broke down and failed a retest of the 55EMA (orange line). It just has a bearish bias, just not one of a waterfall like earlier in the year, so we can Robably expect a bounce or range consolidation to follow until the next breakdown... Stay safe, know how to read, and read when it is clear. Am happy to exchange notes if anyone sees another perspective. Looking forward to comments...
TVC:STI
by Auguraltrader
Correlation between SG Bond Yields and TLTIn an interesting comparison, Singapore Bond Yields precede the TLT (blue line) slightly, especially in the recent year. See the elllipses marking out the break points, and SG Bond Yields are leading. Noted that the SG Bond Yield has been strongly downtrending, ahead of the TLT bullishess (inversely indicative of the US Bond Yields). I think it signals the undercurrents that something is not as rosy as it appears. The SG bond Yields are telling...
TVC:SG10Y
by Auguraltrader
STI broke down just today.Quick but significant development today... the STI weakened to clock lower low (close). In doing so, it had broken down below the widening wedge support with a decisive candle to end the day. It failed the retest of the 55EMA on Wednesday and broke down today (Thursday). The next couple of trading days would be significant as it should be heading about another 30-40 points lower before looking for a bounce off the support level, to retest the support turned resistance line of the widening wedge, at best bullish case. MACD is bearish but not waterfall inducing bearish, more like a slow bleed out. 2560 support needs to hold up, else downside target is marked.
TVC:STIShort
by Auguraltrader
STI confirms a Lower High, looking for Lower LowThe STI had a bit of a ranging week but was dragged down slightly. No bull in sight, nor bullish opportunity as yet another lower high was registered. Previously marked (yellow ellipse) of the first lower high, another lower high was registered last week (fuschia ellipse). And last week’s movement was very significant in foretelling the underlying sentiment. This was the second failure of the 55EMA in July, breaking down into a support range, and MACD is crossing down into the bearish territory (today at current levels). I had adjusted the widening wedge support to the most open level, and this morning (Monday) the STI is testing that support. Breaking down and out of this widening wedge is very ominous for the STI as there would be a deeper downside target. UNLESS, over this week, there is a huge rally that brings the STI to bounce off the support and rally upwards, there is currently a bearish bias for the week. Having said that, the momentum is not signaling the risk of a waterfall, but appears likely to retest the support it broke in the coming weeks. The system has had a Sell signal since 15 June and had not triggered the training stop despite a rather wide range for the past four weeks. Checking back, it is worthy to note that previous related published ideas are correct ; if at all, 5 July published idea of the bulls return was short lived (on a weekly basis). Do click on the little triangles on the top of the candles for quick reference! IF anyone can see a decent bullish case, do leave a comment and share. I only say it as I see it , and am open to other perspectives if there are any valid scenarios. Truly appreciate your comments. Have a good week ahead...
TVC:STIShort
by Auguraltrader
STI is telling a GE story...It is Singapore’s General Election and today is Polling Day. And like previous elections, (2016 US Elections, 2019 Indonesia Elections) there has been some correlation between the equity market with the election outcome. This is based on the collective consciousness, institutional positioning and the retail market sentiment, 0us a huge dose of critical thinking of multiple parameters. And it cumulates into technicals as an indicator. From the STI daily chart, we saw that the recent rally from below the 55EMA continue into this week, and then suddenly reversed as the short week went by. There was no major events nor data this week for Singapore, and that provided some clarity in the technicals forming from sentiment. The STI technicals started turning bearish with a candlestick Bearish Dark Cloud Cover pattern mid-week, which was reiterated with a bearish engulfing again, a day before Singapore headed to the polls. A favorable MACD cross into the bullish territory is now at risk of reversal, and technically looks like there is a higher probability towards a post-election sell off. With historical trends, the incumbent party should still continue to win, but not by a landslide, and the technicals suggests a huge dent in the percentage win... projected to be about 62-63% overall win margin. Given that 2020 has been a year of many unprecedented outcomes, a possible risk of <60% win margin (59%) might be the downside risk. This is what the chart is telling... no expected landslide, and a dent in confidence; hence the market appear to be positioning itself already. Let us see...
TVC:STIShort
by Auguraltrader
STI just broke down; possible target at 2000The STI daily chart shows technical break via a Gap Down of: 1. A supporting trendline; 2. Out of a bear rally wedge; 3. Failed the 55EMA; and 4. MACD broke down into the bear territory This appears to be a rather strong conviction of the weakness of the STI and projections indicate 2500 as the next and critical support. Failing which 2200, and consequently 2000. This follows a previous warning that the STI was about to turn and form a top, which it did. Note that the STI appears to be inherently weaker than most indices, partly due to its components consisting of mainly financials, with very few technology, and increasing contribution of REITs.
TVC:STIShort
by Auguraltrader
SGX (Things are about to get nasty)Updated View On SGX (29 MAY 2020) SGX had a great fall and it has touched to strong swing support region $8 in recent days. That's the reason why we are seeing some pullback action. The pullback action may bring the price up higher but s long as it can't swing back above $9.2 region, we will expect to see more bearish actions soon. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:S68Short
by SonicDeejay
Here we go... Straits Times Index topping outAs pre-emoted recently, the STI wiped out 5 sessions of gains in just 1 session yesterday. And this happened before the US and global markets moved down strongly due to “second wave” of COVID-19 in the USA. This, in my humble opinion, is actually the extension tail of the initial wave as there was no break. Coming back to the STI, there should be a follow through, with a slight bounce, but should end much lower. Meeting the 55EMA in the gap support zone should offer some supporting bounce, only to fail later in the month. MACD is turning down, but not yet firmed, although the trailstop is already broken for a downtrend. Worthy to note, the green dotted line was the target for the past rally to break above for a trend change. Unfortunately, it did not manage despite a valiant effort. This suggests that the (down)trend resumes to be in force.
TVC:STIShort
by Auguraltrader
Warning that STI is about to turn!Any day now, by the end of the week, the Singapore Straits Times Index (STI) is ready to turn. Yesterday’s candlestick pattern looks bad, and note the red dotted line . This level was required to be exceeded IF it is to resume bullish trend, and clearly it missed by a big margin despite a spectacular run up. 2750 is the immediate support and breaking down means there is a closure of a previous gap, which is bearish. Thereafter, the orange ellipse area is the next battle. Meanwhile, there is likely to have some volatility up and down, so be cautious until breakdown. Heads up!
TVC:STI
by Auguraltrader