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SIA: No catalyst for demandwww.tradingview.com SIA latest headlines: 1st June 20' - Majority of SIA directors chooses to let their rights mandatory convertible bonds (MCBs) lapse without exercising them, despite proposing the MCB rights issuance to shareholders as part of larger cash call in April. - SIA to reinstate certain flights in June & July, subject to regulatory approvals. Reinstated services include: Adelaide, Amsterdam, Auckland, Barcelona, Brisbane, Cebu, Copenhagen, Hong Kong, Medan, Melbourne and Osaka Daily Chart: Fib Retracement: Resistance at 3.96 (38.2%) and 4.08 (50%) levels remains to be tested Moving Averages: Price close at 3.88 above 14 Day SMA, against weekly price advance of approx 7% on light volume . (Bearish) CMF: - 0.21 as of 1st June. No major catalyst likely for demand fill anytime soon. (Bearish) Weekly Chart: MACD: MACD and signal lines at around -0.60, well below 0 break line. (Bearish) RSI: 28.80 as of 1 June 20'. Close to oversold territory (Value) Money Flow Index: 33.39. Neutral with downward bias to oversell. Personal take: Best to steer clear of this counter for the near future, no prizes to infer lack of institutional demand as per SIA director's actions as a proxy. Possible value when overselling enters it's final stages. 3.96 and 4.08 per share as resistance levels to watch going forward. Hope SIA will be able to take to the skies soon. Miss travelling!
SGX:C6L
by lau_boy96
Comfort Delgro (Be Afraid. Be Very Afraid!)View On Comfort Delgro (1 JUNE 2020) This counter has been downtrend since 2019 and it is kinda ridiculous to call for a SELL out of sudden. Anyway, I'd like to take note of the HUGH volume that occurred last week due to the News. So, I do not think it is good news for the counter and it shall not recover anytime soon as long as the price can't break above $1.70 region. Let's see 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:C52
by SonicDeejay
3
SGX - opportunity to stake?SGX crashed spectacularly after announcing that they are loosing some MCSI index licenses. However it tested a longer term trendline at 8.13 and has been rebounding from there. Long @ 8.28 this morning with initial stop a few ticks below 8.13 (the recent low). WIth a view to take partial profits at 9.00 and trail the rest up. 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.
SGX:S68Long
by Juliac
OCBC further price decline? www.tradingview.com Looking for alternative interpretations! Money Flow Index: 33.24, small room for further decline. Might also be biased towards 27th May distribution volume ex dividend. (Uncertain) CMF: - 0.29 as of 29th May. Major sell off unlikely, limited room for major demand declines (Uncertain) Moving Averages: Likely for 14 day SMA to cross under 50 day SMA (Bearish) Fib Retracement: Resistance at 9.07 (38.2%) remains untested, period selected from 20th Feb to 23rd March for Fib Levels (Bearish) MACD: MACD line crossed under Singal Line, unlikely to break above the 0 line into positive territory soon (Bearish) Side note, Bollinger Bands look to be tightening, may have stronger price action soon, hopefully to lower price levels! End May Events: - Rising U.S-China Tensions over HK security legislation - Protests emerging across U.S, George Floyd incident
SGX:O39
by lau_boy96
1
Comfortdelgro - short term tradingThis counter appears to be on rising trend line - as shown in this hourly chart pattern. The technical indicator shows oversold region, will expect a re-bounce from this region. Potential trade is setup: Buy in range: 1.45 to 1.47 Stop loss: 1.40 Target Profit range: 1.59 to 1.65 Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
SGX:C52Long
by Smartis
DBS- Ascending triangle pointing to an upsideDBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range, hence the strong upside is high. Should 20.00 breaks, the next price level to be tested is near 21.07 region highlighted in red.
SGX:D05Long
by William-trading
2