Thursday, May 28, 2020

𝐂𝐚𝐧 𝐒𝐢𝐧𝐠𝐭𝐞𝐥 𝐒𝐭𝐢𝐥𝐥 𝐒𝐞𝐞 𝐌𝐨𝐫𝐞 𝐖𝐞𝐚𝐤𝐧𝐞𝐬𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐦𝐢𝐧𝐠 𝐌𝐨𝐧𝐭𝐡𝐬 𝐨𝐫 𝐘𝐞𝐚𝐫𝐬?

Since the beginning of the year when Singtel was around 3.40, we have seen it selling all the way down to 2.20 in March when Covid-19 hit...

And then it rebounded...

BUT downside targets were drawn and it sold off again... to about 2.62 now. ️🎯

The questions is; "𝗖𝗮𝗻 𝘁𝗵𝗲𝗿𝗲 𝘀𝘁𝗶𝗹𝗹 𝗯𝗲 𝗺𝗼𝗿𝗲 𝘄𝗲𝗮𝗸𝗻𝗲𝘀𝘀 𝗮𝗵𝗲𝗮𝗱?" 😬

Hey there, Joey here, Top Tier Remisier in Phillip Securities.

This is actually Not just about how Covid 19 has caused it's recent sell down 𝑩𝑼𝑻 𝑴𝑼𝑪𝑯 𝑴𝑶𝑹𝑬 𝒕𝒉𝒂𝒏 𝒕𝒉𝒂𝒕. 🤓

Essentially, it is about how the Singapore Telco sector is doing on the whole? 📱

Has 𝐒𝐢𝐧𝐠𝐭𝐞𝐥 𝐛𝐞𝐞𝐧 𝐖𝐄𝐀𝐊 EVEN BEFORE the pandemic hit? If yes, then 𝐖𝐇𝐘?

Well, join me in this 𝘃𝗶𝗱𝗲𝗼 (𝗥𝗲𝗰𝗼𝗿𝗱𝗲𝗱 𝟮𝟴 𝗠𝗮𝘆 𝟮𝟬𝟮𝟬) as I dive into the chart of Singtel and share some of the 𝐂𝐑𝐈𝐓𝐈𝐂𝐀𝐋 levels you want to be taking note of.

Is the trend still DOWN and can there be more selling? What do we want to look out for? 📵🤞🤞

Watch this video all the way to the end to see what I mean.

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Monday, May 25, 2020

𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐁𝐮𝐲 𝐒𝐀𝐓𝐒? 𝐈𝐬 𝐭𝐡𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐥𝐲 𝐎𝐯𝐞𝐫?

Over the past 3 months, we have seen SATS selling off by a 𝘄𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝟰𝟬% amidst the unfolding pandemic.. 😷

It has rebounded in March and recovered about half of that drop BUT..

Sellers were 𝗝𝗨𝗦𝗧 𝗡𝗢𝗧 𝗹𝗲𝘁𝘁𝗶𝗻𝗴 𝗴𝗼.... Weakness came back! 🚧

Hey there, Joey here, Top Tier Remisier in Phillip Securities.

Check out this video where I talked about where we are right Now for SATS as of 𝟐𝟏 𝐌𝐚𝐲 𝟐𝟎𝟐𝟎,

and if the selling is really over.

Some short term upside rebound may be possible but NOTE that near 𝐜𝐞𝐫𝐭𝐚𝐢𝐧 𝐥𝐞𝐯𝐞𝐥𝐬,

we may see selling returning, just like what we have experienced in the past 2 months.. 🤞

See what I mean..

More importantly, you want to take note of this 𝗞𝗘𝗬 𝗦𝗨𝗣𝗣𝗢𝗥𝗧 that it is trying its best to hold above. 👈👈

Still holding the fort for now BUT not too sure how long... 🤐

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𝐑𝐞𝐜𝐚𝐩 𝐨𝐧 𝐭𝐡𝐞 𝐒𝐓𝐈 (𝐒𝐆 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭). 𝐇𝐚𝐯𝐞 𝐖𝐞 𝐑𝐞𝐚𝐥𝐥𝐲 𝐁𝐨𝐭𝐭𝐨𝐦𝐞𝐝?

Slightly more than a month back, I published a 20 mins video on Facebook on the STI..

I talked about some of the past crisis over the past 20 years and where we were then.. 📉

I mentioned about some strength seen but then 𝐒𝐄𝐋𝐋𝐄𝐑𝐒 𝐜𝐚𝐧 𝐛𝐞 𝐁𝐀𝐂𝐊 near certain levels and a trade back down possible..

Joey here, Top Tier Remisier in Phillip Securities.

More importantly, I mentioned about this 𝑲𝑬𝒀 𝑺𝒖𝒑𝒑𝒐𝒓𝒕 𝒍𝒆𝒗𝒆𝒍l you need to take note of.

Well, fast forward to today, it seems like this has played out as discussed and coincidentally we are still hanging above this support. 😅

𝐒𝐨 𝐇𝐚𝐬 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 (𝐒𝐓𝐈) 𝐑𝐞𝐚𝐥𝐥𝐲 𝐁𝐨𝐭𝐭𝐨𝐦𝐞𝐝🤞

Watch this video to see WHERE we are now for the STI and WHY you need to remember this level...

The key support level that can prevent the next 𝐖𝐀𝐕𝐄 𝐎𝐅 𝐒𝐄𝐋𝐋𝐈𝐍𝐆! 😧

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Friday, May 22, 2020

𝐈𝐬 𝐒𝐞𝐦𝐛𝐜𝐨𝐫𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐒𝐭𝐢𝐥𝐥 𝐖𝐞𝐚𝐤? (𝐂𝐚𝐫𝐞𝐟𝐮𝐥 𝐢𝐟 𝐭𝐡𝐢𝐬 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐁𝐫𝐞𝐚𝐤𝐬!)

About 2 - 3 months back, we spotted some really bearish price actions in Sembcorp Ind. 😧

It was holding above the 2.00 support since last year 𝐁𝐔𝐓 𝐭𝐡𝐚𝐭 𝐣𝐮𝐬𝐭 𝐆𝐀𝐕𝐄 𝐖𝐀𝐘 with the COVID-19 situation escalating..

Joey here, Top Tier Remisier in Phillip Securities.

𝗦𝗼𝗺𝗲 𝗱𝗼𝘄𝗻𝘀𝗶𝗱𝗲 𝘁𝗮𝗿𝗴𝗲𝘁𝘀 𝘄𝗲𝗿𝗲 𝗱𝗿𝗮𝘄𝗻, and seems like we have hit them both over the past 2 months.. ️🎯

See what i mean in the video recorded 𝟐𝟎 𝐌𝐚𝐲 𝟐𝟎𝟐𝟎 after the market closed..

Sellers still seems to be lurking around and prices just can't seem to retest the recent high points..😨

So the question is NOW WHAT?

𝙄𝙨 𝙎𝙚𝙢𝙗𝙘𝙤𝙧𝙥 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙞𝙚𝙨 𝙖𝙡𝙡 𝙂𝙤𝙤𝙙 𝙛𝙤𝙧 𝙖 𝙛𝙞𝙧𝙢 𝙧𝙚𝙘𝙤𝙫𝙚𝙧𝙮 𝙗𝙖𝙘𝙠 𝙪𝙥 𝙤𝙧 𝙘𝙖𝙣 𝙩𝙝𝙚 𝙙𝙤𝙬𝙣𝙨𝙞𝙙𝙚 𝙨𝙩𝙞𝙡𝙡 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚?

Well, you need to know this 𝐂𝐑𝐈𝐓𝐈𝐂𝐀𝐋 𝐒𝐔𝐏𝐏𝐎𝐑𝐓 level.. 👈👈

This level will determine if more selling can continue, and to be honest I have set my price alerts for it..

Will be watching closely for more weakness if 𝘁𝗵𝗮𝘁 𝗿𝗲𝗮𝗹𝗹𝘆 𝗕𝗥𝗘𝗔𝗞𝗦! 👀 where we may ride the downside further..

Watch to the end of the video to know what level is this.

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Watch Video here >>

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𝗛𝗮𝘀 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗔𝗶𝗿𝗹𝗶𝗻𝗲𝘀 (𝗦𝗜𝗔) 𝗕𝗼𝘁𝘁𝗼𝗺𝗲𝗱 𝗬𝗲𝘁? 𝗜𝘀 𝗜𝘁 𝗧𝗶𝗺𝗲 𝘁𝗼 𝗚𝗲𝘁 𝗜𝗻?

Just about 2 weeks back, I published a video of SIA on my Facebook page (Joey Choy).

I mentioned that the aviation and tourism sectors may take a while to recover amidst the COVID-19 pandemic..

and hence one would not want to be too quick to rush in to Buy, 🤑  and perhaps to nibble at some if you really really want to buy...

Hey there, Joey here, Top Tier Remisier in Phillip Securities.

I also mentioned that we may even see 𝐌𝐎𝐑𝐄 𝐖𝐄𝐀𝐊𝐍𝐄𝐒𝐒 if a key support level breaks down..

So has my view changed for now?

Well, fast forward to today 21 May 2020, 👈

It seems like we are indeed seeing the 𝐒𝐄𝐋𝐋𝐈𝐍𝐆 coming back... 😓

SIA has indeed broken the support level that I talked about 2 weeks back and

it has traded to a low of 3.53 over the past few days and seems like sellers are 𝙅𝙐𝙎𝙏 𝙉𝙊𝙏 𝙇𝙚𝙩𝙩𝙞𝙣𝙜 𝙜𝙤...

So the question is:

"𝑾𝒉𝒆𝒓𝒆 𝒄𝒂𝒏 𝑺𝑰𝑨 𝒉𝒆𝒂𝒅 𝒕𝒐 𝐍𝐎𝐖 𝒂𝒏𝒅 𝒘𝒉𝒂𝒕 𝒍𝒆𝒗𝒆𝒍𝒔 𝒚𝒐𝒖 𝒘𝒂𝒏𝒕 𝒕𝒐 𝒕𝒂𝒌𝒆 𝒏𝒐𝒕𝒆 𝒐𝒇𝒇 𝒘𝒉𝒆𝒓𝒆 𝒊𝒕 𝒄𝒂𝒏 𝒔𝒕𝒊𝒍𝒍 𝒃𝒆 𝒘𝒆𝒂𝒌 𝒃𝒆𝒍𝒐𝒘?"

The downtrend in the longer term still looks intact for now imo especially below this critical level.. 📉

Watch this video to the end to see what I mean.

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