Mar 16

Singapore Exchange (SGX): Bull on Standby!

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Current Singapore Exchange (SGX) is starting to show a bullish chart pattern. Weekly chart shows SGX has found the bottom at $6.00 and has since reversed to the uptrend.  A bullish harami candlesticks has been formed which indicate potential upside weeks ahead.

Daily chart shows SGX bounced back from the 61.8% FR support at $6.78. This level is also the 200D MA support. The 50D MA is crossing up 200D MA at this level too. All these signs are bullish signal and if SGX can break the resistance at about $7.30, the stock may move up to the 161.8% FR of about $8.15. Cut loss if SGX drop below $6.78, the critical support level.

 

Feb 27

Genting Singapore: Going for the 3rd Time!

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Genting Singapore has broken out from the Symmetrical Triangle and broke the $2.00 psychological support. Genting Singapore failed to break the 20D MA resistance twice. There was a Bullish Harami candlestick pattern observed on last Friday and Genting Singapore may rebound to test the 20D MA resistance (about $2.00) the 3rd time.  Failing to break above $2.00 resistance will continue the down trend and Genting Singapore will head towards the breakout price target of $1.60.

Feb 13

Keppel Land (Kepland): The End of the Up Trend

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Keppel Land (Kepland)’s uptrend ended after breaking down from the Falling Wedge and break the uptrend support. A Bullish Harami candlestick pattern was formed at 78.6% Fibonacci Retracement Support Level and thus expect KepLand to consolidate around $4.19. Also take note that this $4.19 is also the 200D MA support. Next support are $3.85 followed by $3.514 (61.8% Fibonacci Retracement Level) if Kepland breaks this 200D MA support.