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Riverstone Long Towards 1st Targetted ResistanceFollowed up to my Post on 28th Dec 2020 regarding on Riverstones, my views and ideas on it. Fundamental Analysis Upcoming 2 quarters should still deliver record high profits. High Fair Value price given by Analyst : 1) CGS-CIMB : 2.500 2) DBS-RESEARCH : 2.030 3) RHB INVEST : 2.730 4) UOB KAH HIAN : 2.990 Technical Analysis Mentioned Strong Support at around 1.11 area on 28th Dec 2020, my own view of 1st Major Resistance Point is around 1.41-1.44. Can Take Some Profits to Protect Capital. However, fundamentally, remain extremely strong. And personally believe will towards 2nd Major and 3rd Major Resistance.
SGX:AP4Long
by LMTAN
Riverstone Long at Major SupportFundamental Analysis Upcoming 2 quarters should still deliver record high profits. High Fair Value price given by Analyst : 1) CGS-CIMB : 2.500 2) DBS-RESEARCH : 2.030 3) RHB INVEST : 2.730 4) UOB KAH HIAN : 2.990 Technical Analysis I think the right question to ask right now is has Riverstone bottomed? From chart perspective wise, I believe Top Glove has hit major Support Area. I would like to treat Support/Resistance as an Area rather than a Line. We could see further downside pressure if it breaks therefore cut loss is important. I used Low of the Strong Support 1.06 - 1 ATR (0.07 for the date i drew the graph) = 0.99 (My Stop Loss Point)
SGX:AP4Long
by LMTAN
<TradeVSA> SunPower Continue Mark-Up Stage after PullbackSign of Strength: 1. Accumulation with low volume and narrow spread bar 2. Green Pentagon with increasing volume 3. Pullback with no major weakness 4. Recently Green Pentagon indicates continuation of the trend Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
SGX:5GDLong
by MartinTFWong
Long term view of SIAI was bearish on travel and tourism related shares globally since my early posts on SIA, Cathay Pacific, Delta Airlines, Boeing , etc. Now, I am cautiously bullish on airline stocks and some related tourism stocks which I will cover them shortly. For SIA, it does not have the benefits like China where it not only recovers fast from Covid-19 but it has large domestic markets where the locals and travel from one province to another. Singapore is way too small for that ! It's survival depends on the global travellers from across the globe that come to Singapore for business and holidays. Read how bad its business has suffered this year ! But the government has recently announced travel bubble between Singapore and Hong Kong. Read article here And to see how much people want to travel, the tickets were sold out within a day !!!! Now ,the government is looking into forming travel bubble with South Korea, Japan and Thailand. With the school holidays coming soon and the excitement and relief that people are awaiting for the vaccine for Covid-19, this might help SIA share price to pick up much faster than expected. However, a word of caution, the global travel market is still weak and many logistic issues have yet to be sorted out - testing for Covid, visas application , if needed, and many more. Therefore, if you are keen to buy some shares of SIA, you are in some way, picking it up at bottom price. I am not certain if it will hit the 14 dollars peak in year 2000, that seems like a tall order. At 4 dollars now, I am considering it to hit 8 dollars in the next few years. My position size would be small for a start as I need to monitor the situation. There are other tourism related stocks that , imo that offers a better rate of returns.
SGX:C6LLong
by dchua1969