OCBC facing bearish pressure, wait for pullback to go short Price is facing bearish pressure on the larger time frame. On the H4, a pullback to test our sell entry could present an opportunity to go short.
Keppel facing bearish pressure, wait for pullback to short Price is approaching a key support level where we could be seeing a bigger pullback to test our sell entry before a further drop. A break below our downside confirmation level opens room for a bigger drop.
DBS - Breaks trendlineBreaks trend line and stay below Ribbon indicator.
Banker's chip reduced.
Banker's Moving Average heading down about to cross below Retail Moving Average (Deadly cross)
Venture pullback before further bounce Price could see a larger pullback to our buy entry which is a strong support area before we see a bounce.
DBS facing bearish pressure Price broke a key support level previously and a test of this level could present an opportunity to go short before a further drop. What are your thoughts on this stock?
Riverstone - uptrend intactAfter about 2 weeks of consolidation, Riverstone formed a bullish divergence last Friday, confirmed upon the stock trading about last candle high @ 3.26 today. More upside to go. The trend is your friend!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
<TradeVSA> Continuation on Mark-Up stage. UMS (558.SG)Strength signal in the chart:
1. Green pentagon high volume
2. Re-accumulation
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
DBS - LongCurrently on a bearish trend, coming close to the resistance line of around 20.41 If it break out and move upwards, we should see a upside of around 21.70 around 10 Sep 2020.
30 Oct would reach around 23.30 where we will test the next resistance.
factors that may impact its performance.
Pros
GSS
How fast the programs implemented by Government / STB to stimulate spending
Additional Stimulus if provided by Government to jump start the economy through programs / grants
Cons
Global economy trade impacted due COVID19
US & China rising tensions
increase in defaults on the corporate side.
DBS - HERE WE GO AGAIN1) Similar pattern to the downtrend channel that happened from mid-June to end-June
2) Buy when support line of about $20.50 is reached, or when prices break out of the downtrend channel.
3) Sell if Major Support line of $20.00 is breached to the downside
Key levels to watch on DBSHere's my view on $DBS(D05.SI), price is currently testing a key support level in line with our ascending trend line where we could see a bounce from here, but I do caution the limited upside in prices here, keeping in mind the bearish trend line.
Venture facing bullish pressure Price is facing bullish pressure and a test of our buy entry could see a further bounce above this level.
DBS testing resistance, potential reversal Price is testing resistance where we could see a drop to our take profit target
SingTel facing bearish pressure, potential for further dropWe caught the reversal nicely on SingTel previously and I maintain a bearish view on the stock. A break below our first take profit target could open room for a further drop to our second take profit target.
UOB testing support Price is facing bullish pressure and a test of our buy entry in line with our 61.8% retracement could see a further bounce from here.
Ascott Trust - Falling Wedge Pattern (approaching apex?)A Falling wedge pattern has a good odd of breaking out to the upside eventually. This wedge has been forming over the past 6 weeks and is getting narrower towards the apex. Long now @ 0.96 and patiently wait for the upside break or wait to long as soon as it breaks.
Support is currently at 0.90-092
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
MEDTEC resume the rallyHA candle turned GREEN
Banker Chips remain strong
Price breaks above upper limit of Bollinger Band Stdev 1.
YOMA Bouncing from trendlineYoma Bouncing from trendline
Banker chip stay above 50% and increase.
Heiken Aishi candle remain GREEN
S68 Could hit resistance this week or the next before returning to support
Resistance -> 8.4
Resistance -> 8.6
Resistance -> 9
DYOD
Haw ParLooking towards a down trend, currently trending on the resistance line at 9.60 with further room for downward trend.
Lowest 3 month target - 8.93
Highest 3 month target - 10.03
Whats your opinion?
DBS (DO5) with possible upward movementDBS is supported with a long term trend line.
Triangle forming from recent lower highs which may result in a breakout if the stock moves above recent highs.
Disclaimer: Not an advice to sell or buy!!
