Category Archives: Singapore Stocks

Apr 27

Global Logistic Properties (GLP): Very Sexy Head and Shoulders!

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Global Logistic Prop (GLP) is showing a very sexy head and shoulders, or multiple Tops or whatever you want to make it. Bottom line is GLP is finding difficulty to break the $2.22 resistance to move higher. Why am I saying this chart pattern sexy and potentially make shorties drool? Basically GLP is showing very clean pattern and the support / resistance levels are very clear. GPL has clear cut head, nice shoulders, refined neckline and bounced up or down nicely from the Fibonacci Retracement Levels most of the time. GLP has broken the neckline and currently coming back to test the neckline and 20D SMA. If GLP fails to overcome the neckline and bearish signal appears (2/5 EMA cross down on weekly and daily chart), the minimum price target of this Head and Shoulders Breakout is $1.94. Will this chart pattern repeats itself? We will see.

Global Logistic Properties Limited will release its full year financial results for the year ended 31 March 2012, on Thursday, 24 May 2012, after the close of trading.

  • Price: $2.08
  • Current PE: 10.73
  • Rolling PE: 18.36
  • Beta (75 days): 1.45

Apr 13

Yangzijiang: Double Tops!

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A Double Tops chart pattern is observed on Yangzijiang daily chart with neckline at about $1.25. Breaking down from this reversal chart pattern will send Yangzijiang to the price target of about $1.11. Currently the stock is just trading around the neckline support. Both weekly and daily charts are bearish base on 2/5 EMA, 20D SMA. MACD shows the bull has lost the steam as well.  Another potential stock to short.

Yangzijiang Fundamental.

Apr 10

Starhub is Getting Risky approaching Historical High Price

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Starhub has been on the uptrend for a few months and currently approaching historical high resistance at about $3.21. Although the dividend yield of 6.37% (base on stock price of $3.14) looks attractive, the risk of trend reversal is relatively high to worth the gamble. The current Starhub stock price is also violating my rule of “Buy Low Sell High” and “Never Buy near Resistance”. The safer entry point is at about $2.92 and need to see whether this previous resistance can become a support level.