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Why I still have not consider buying Property stocks This was one of the most talked about stocks in our local forum. Many were saying how good it is and how cheap it was (months ago) and they went in at a bargain. Forgive me for not able to furnish you more about the fundamentals but the chart failed to excite me at all. Day chart - bearish 4H - slightly bullish but facing resistance On the macro environment, you already know how severe the impact Covid-19 has caused the whole world to plunge, causing many industries to slow down drastically. Property stocks is one of them. Ask yourself this question wherever you are staying - who are the workers working in the construction site ? Foreign workers , right ? So in Singapore , where we depend so much on them to help us build the properties, be it residential or commercial, they too are hard hit now with the cover-19 . Singapore has order a circuit breaker to get everyone to stay at home. They are now the latest victims of Covid 19. So workers for property developers can't work, the work has to be halted. Developers have a certain time line to complete the construction else they have to pay a fine to the government. Now, how about the consumers ? Are they actively buying ? Read here Really, if I have loads of cash now, I will go scoop up some luxury properties as developers will soon dangle discounts or the heavily leveraged investors have to dispose some of their properties as they cannot afford to flip now with no buyers and serving the loan become a pain. So, now you see the logic why hesitating to buy the property stocks (in any country really) can wait. No hurry.....
SGX:H78
by dchua1969
SembCorp Marine (The Bottom is NEAR)View On SembCorp Marine (25 MAR 2020) This counter is in free fall recently as it can be pretty related to Oil production. Currently, the price has hit the upper band of multi-year support region from $0.45- to $0.69 and making a decent bounce. It may fall back to the region again once this hope rally frizzle out. Summary: Too late to short, and go Long slowly. 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.
SGX:5E2Long
by SonicDeejay
DBS - Back at key levelsCurrent DBS is supported with a weekly strong bullish trend that is heading up to test the key support/resistance level. If market actually breaks out on this level, stock price will go back to test $22.6 - $23 level easily. Overall, It is expected to see price action to break the long-term trend with current economical issue. Not to include fundamentals, if market breaks the trend; Testing of $14 is expected before further downside of $13-$12. I write both at: www.patreon.com www.financialveracity.wordpress.com
SGX:D05Short
by penisrenis
Valuetronic clear to sell now. Refer to the above post. On 3rd of April, we believe that Valuetronics Holdings rebound may continue to the 161.8% extension level and price did travel to the level at 0.595, short of 0.05 of our target price. The price did have some reaction by selling down on Monday and based on the technical, the stock is set to continue its downside: 1. The stock had a sell down at the supply level confluence with the 161.8% extension level of 0.530-0.435. 2. Price action indicate that the stock has completed the bearish flag. 3. Evening star formation at the top of the flag and 161.8% extension level. 4. Death cross is still valid with prices trending way below the 50 and 200 Moving averages. 5. Stochastic Oscillator shows an overbought crosses above the 80 overbought zone.
SGX:BN2Short
by William-trading
2
WILMAR (F34) - Opportunity to BUYHey everyone, here's the analysis on Wilmar, if you found this insightful, please like and leave a comment on ideas you would like to see next! Summary: As illustrated by the yellow dotted lines, I am expecting a drop in current price to zone 2 at the 3.22 area highlighted in green, before moving higher to our resistance zone between 3.73 - 3.81. Action: Buy Limit: 3.22 Stop Loss: 3.00 Take Profit: 3.73 Analysis: Zone 2 is in line with a key level on the weekly chart and the 38.2% retracement. If current price holds well above zone 2, it could rally to zone 3 highlighted in red, between 3.73 - 3.81. The resistance zone 3 is a key breakout zone, hence we will not play a move beyond that. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
SGX:F34Long
by TradingBean
UOB (U11) - Key levels to BUYHey everyone, here's my analysis on U11: Summary Price could drop lower to zone 1 between 13.18 - 14.24 before a bounce. Action: Buy Limit: 13.18 - 14.24 Analysis: 3 of the green zones highlighted above are support zones where we could see a bounce in price. Currently, given the situation that we are in with the Covid-19 outbreak yet to reach its peak, I lean towards seeing a further drop in price from its current level to zone 1 at 13.18 - 14.24 before a bounce, as illustrated by the yellow dotted lines. If price breaks below the key zone at 13.18 - 14.24, it is likely to test zone 2. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
SGX:U11Long
by TradingBean
2
Venture Corp (V03) - Key levels to BUYHey guys! Here's my view on V03: Summary I will place a BUY limit at the second support zone 9.93 - 10.58. Currently, we are seeing a nice bounce from the 1st Support Zone and it could push up to the 1st resistance zone at 16.45 - 17.00 before a drop to our 2nd support zone. Action: Buy Limit: 9.93 - 10.58 Stop Loss: 8.50 Take Profit: 20.47 Analysis: Nice bounce off the 1st support zone now and it could rise further to the first resistance zone in red before a drop. IF price breaks the 1st support zone , it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
SGX:V03Long
by TradingBean
Hong Fok (A Short Covering Rally is taking place)View On Hong Fok (6 APR 2020) After the huge fall in 2019, this little use-less counter is finding some value and it is making a comeback. We can say it is a short-covering rally. It can rise to 0.65 or even toward 0.69. Do not short as it may drift higher first (or) you can go in the LONG side with great caution. 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:H30Long
by SonicDeejay
DBS (D05) - Key levels to BUYHey guys! Here's my view on D05: Summary I will place a BUY limit at the second support zone 11.52 - 12.40. Action: Buy Limit: 11.52 - 12.40 Stop Loss: 9.90 Take Profit: 16.90 Analysis: Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red. IF price breaks the 1st support zone, it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there. Alternatively, you can also look to play the bounce at current price to our first resistance zone before waiting for another entry at the 2nd Support Zone. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
SGX:D05Long
by TradingBean
4
Genting Singapore Limited - AnalysisSTOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated Resorts in Singapore. With noticeable absence of foot traffic, we can expect revenue to drop. A pick-up of tourism is linked to the recovery not only of healthcare aspect of the pandemic situation, but also a recovery of countries' economies. Price has melted from the descending triangle and looks to continue melting with the ongoing situation. We could see price levels reach GFC crisis levels, ranging from 0.325 to 0.470. Price YTD: down 33% (from 0.930 to 0.620) Price from end Jan'20: down 28% (from 0.865 to 0.620) Dividend yield FY'18: 5.65% Dividend yield FY'19: 5.65% I believe dividend yields will fall for FY'20 but it could be a good hold as I believe that this stock has potential to climb as tourism picks up in future, and possibly with plans to expand.
SGX:G13
by TraderMozo
DBS - AnalysisSTOCK IN FOCUS: DBS A huge meltdown in global markets has sparked risk-off sentiment throughout, and many stocks are being heavily sold-off. Be it blue-chip or penny stocks, majority are affected and are selling at a discount. DBS is a blue chip stock in the SGX, and with the recent sell-off - down around 29% (from end Jan' 20) , price could reach the $16 range ( down 38% from Jan' 20) to retouch the rising trend line. If the global rout continues, we could see price break down the rising trend line and possibly reach the indicated price levels. Otherwise, we could see a bounce after a retest of the trend line.
SGX:D05
by TraderMozo
2