Singapore Stocks - My Stocks Investing

Singapore Exchange (SGX): Testing 200D SMA Support

Post author:Marubozu
Post published:June 16, 2015

Singapore Exchange (SGX) has dropped about 11% since the May 2015 high of $8.80. Base on current chart pattern, SGX has broken the uptrend support and currently testing 200D SMA support at about $7.75. Current uptrend support has now turned to resistance. Keep a close eye on the current support level ($7.84 and $7.75) to see whether there is a change in trend for SGX. It is good opportunity to short sell SGX if these supports are broken because SGX will enter into bearish territory and starts down trend.

Original post from My Stocks Investing Journey.

Capitaland: Bearish Down Trend!

Post author:Marubozu
Post published:June 15, 2015

Capitaland broke down from a Head and Shoulder and also broke the 200D SMA support. Capitaland is currently trading in a down trend channel. Expect more down side base on current chart pattern. Price target for this Head and Shoulder breakdown is $3.15.

Learn how to Short Singapore Stocks when the chart is showing down trend here. An important technique to learn when the stock market crashes or trade in a bearish market.

Suntec REIT Fundamental and Technical Analysis

Post author:Marubozu
Post published:June 13, 2015

Suntec REIT Fundamental Analysis

Base on Suntec REIT Q1FY15 Quarterly Earning Presentation

Last Price = $1.75
NAV = $2.085
Price / NAV = 0.8393
Price / NAV (High) = 0.97
Price / NAV (Low) = 0.73
Distribution Yield = 5.168%
Gearing Ratio = 34.8%
Occupancy Rate (Office) = 99.6%
Occupancy Rate (Retail) = 93.5%
Overall Occupancy = 93.6%
WADM = 3.39 Years

See last Suntec REIT Fundamental Analysis here.

See Recent Sell off of Suntec REIT.

Suntec REIT Technical Analysis

Suntec REIT has dropped about 13% from the peak in Jan 2015 and currently testing a critical resistance turned support level at about $1.74. Can Suntec REIT go lower?

Technically YES!

Suntec REIT is trading below 20D, 50D and 200D SMA. 20D and 50D are trending down. These are bearish signal.
Suntec REIT is trading within a down trend channel. “Lower Low, Lower High” down trend pattern is formed.
If this resistance turned support at $1.74 is broken, there will be more down side.

In Summary

Fundamentally the distribution yield of 5.17% gives me no excitement. There are other Singapore REIT can offer higher distribution yield than Suntec REIT. WALE are not so attractive because there are 25% lease will be expiring in 2016. There is no guarantee that the rental can be renewed at higher rate due to the weakness in global economy. Technically Suntec REIT is on down trend although finding a temporary support at $1.74 (take note that a Double Bottoms is formed, a potential reversal pattern). As an investment rule: NEVER buy when the stock is on down trend.

I will be covering all the Fundamental and Technical Analysis steps in the coming REIT class. Check out the detail HERE. Invest safely and protect your capital! You must know what you are doing and do your own homework instead of listening to the tips.