Capitaland: Downside targets hit... Exit on bearish signal then some strength seen, now what? Price 3.13

Following up from previous blog post last month where Capitaland was at 3.30, it was mentioned that there can be more downside if the next key support were to break down…

See blog post here again >> http://singaporetradinginsights.blogspot.com/2018/06/capitaland-selling-lower-as-mentioned.html

Some downside target were drawn earlier and new ones reiterated…

See what was projected again…

As the first target above played out… we were expecting some short covering near 3.25 before the downside continued…

Trend indicators were also looking weak and key supports were broken again…

Note that this was EVEN BEFORE the property cooling measures were announce on the 6 July 2018

And the thing is the price are already showing weakness before that…

See reiterated target below as the selling continued…..

Following the announcement on the new property measures introduced (6 july 2018) where Government raises ABSD, tightens LTV after strong property price gains.

We have seen the 3.10 support breaking furiously and the downtrend accelerated…

Heading towards our 2^nd target as drawn at 2.95 before some short covering after the massive sell down..….

It was also mentioned previous that we had a Bearish signal on our PTI system…

We have finally seen the Exit on our bearish signal recently and then some slight strength came back.. See below what I mean… playing out as per downside target step by step…

We were capped below the 3.10 resistance for more than a week but seems like buyers managed to breach this level over the past few days…

May see some short term upside towards 3.15 – 3.20 before selling pressure comes back..

Will be looking to see if there will be another entry signal, whether to the upside or downside…

Really depend on how prices play out for now…

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Oxley: A rebound seen back to resistance, Selling may not be over.... Price 0.36

Just last month, even before the property cooling measures were introduced, there were some signs of weakness in Oxley..

Trend has kind of turned down with indicators pointing lower and it was trying to hold above the temp support at 0.44…

Some bearish price actions was spotted and hence targets drawn… see what I mean…

We also had some bearish signals from the PTI system…

Over the past 2 weeks, we have indeed seen more weakness in Oxley where the selling accelerated when the cooling measures was announced.

I was caught surprised by the measures too but even before that was announced..

The counter was already looking weak and there was a high probability it could trade lower…

In fact, downside targets were reiterated just as it approached the 0.400 psychological level…. Before the property market in Singapore was caught by surprise…

Fast forward to today, over the past week we have indeed hit our target at 0.32 and then a technical rebound seen..

And right now, we are back to the 0.37 resistance where sellers may be lurking again..

As long as 0.37 is a cap, downtrend may still be intact and selling can still play out towards 0.32 again…. Watching….

Would be good to protect shorts for now too and take some profits after riding the weakness….

See below to see where we are for now… 

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Japfa: Heading towards next target... One of the few stronger ones.. Price 0.68

Just last month, we have spotted some bullish actions in Japfa with some signs of a trend reversal…

Trend indicators were starting to turn upwards and hence some upside reversal was expected with target at 0.62 first…

We have hit our first target at 0.62 over the past 2 weeks, see what was sent..

Targets were reiterated last week again on some good support found at 0.62.

We may be heading towards our next target at 0.72 where some selling pressure can happen again…

Uptrend reversal may still be playing out…

Targets get be revised higher on more positive actions…

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Valuetronics: Target hit but Is the selling really over? Price 0.64

Just a few weeks back, we spotted the breakdown of the key 0.75 level after some sideways consolidation and …

Sellers were gaining back control…..

There were some downside targets drawn too with the downtrend likely to continue…

See what was sent….

Over the past 2 weeks, we have seen the support at 0.70 break down as well and downside targets reiterated…

We have seen Valuetronics hitting our lower target at 0.600 few days back and some short covering happening…

May consolidate from 0.60 to 0.65 for now before more directions…

Would be good to protect shorts too near 0.600….

See targets there were reiterated below as it happened…. Hit but downside may not be over…

From the PTI system, we had some bearish signals out recently then the sell down happened. Exits seen….

Waiting to see if more new bearish signal will come out again…

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Chip Eng Seng: 1st target hit, next one on track, cautious... Price 0.78

Just 3 weeks back, we have seen the support at 0.88 break down and the selling pressure began…

There were also some signs of the downtrend forming and hence some downside targets were drawn on this break down…

1^st target was at 0.80 as seen below…

Downside targets were reiterated again over the past 2 weeks when more bearish price actions started to play out again…

Downtrend also continued as per target drawn…

We also had a bearish signal on the PTI system….

Over the past few days, we have seen the 1^st target at 0.800 hit already on the back of the property measures introduced by the government…

Seems like that has given way as well…

2^nd target to 0.76 may be on tracked…

Would be good to cover shorts too if you have rode downside…

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Targets have been revised lower as of now…. Let’s see if that plays out too…. Cautious long for now…

Sembcorp Ind: Back to support again... Careful more bearish actions below 2.65

Just about 3 weeks back, we spotted some bearish price actions with Sembcorp Ind breaking the key 2.90 support level…

There were also some signs of the downtrend taking shape…

Hence some targets were drawn to ride any potential weakness…

See what I mean…

Over the past 2 weeks, the market has softened further and sellers indeed returned to take it lower…

Seems like we have already hit the 2^nd lower downside target over the past few days at about 2.65 as drawn…

Would want to be careful of more selling pressure if 2.65 were to give way too…

Where lower revised target may continue to play out also… probably to 2.45 – 2.50?  We’ll see…

So far some support above 2.65, and holding well…at least for now….

But cautious. Had a bearish signal on the system recently too.. no exits… shhh….

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YZJ Shipbldg: Target hit, BUT downtrend may still play out...Price 0.885

Following up from previous blog post when YZJ Shipbldg was at 1.07 >>> http://singaporetradinginsights.blogspot.com/2018/05/yzj-shipbldg-downtrend-may-still.html

It was mentioned that more downside can happen, especially if 1.00 give way…

True enough, we have indeed seen the breakdown of the 1.00 level a few days later and down it went all the way towards our target at 0.900..

However, it has staged a strong technical rebound from the 0.900 and managed to climb back above 1.00 last month..

Just about 3 weeks back, we then spotted some bearish price actions for the downside to continue and some target were drawn…

See what I mean….

We have hit our target at 0.900 again over the past week but seems like more selling is back…

There seems to be a breached of the 0.900 support over the past few days…

Can there be more downside towards our next target as reiterated below recently?

Well, downtrend still looking intact below 0.90 now….  

And we actually had a Bearish signal on the PTI system… PTI grads can check….

No exits for now…. Would want to protect shorts though… J

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Singtel: Breaking down again as mentioned, price 3.05

Just about 2 weeks back, we spotted some heavy selling in Singtel with it breaking the key 3.30 level…

Trend indicators were all pointing down on this break down and there were also some bearish signal on the PTI system….

Hence some downside was expected with sellers to take it lower….

See targets that were drawn then…

We have managed to see some support coming back over the past week at 3.10 but downside targets were reiterated….

Today indeed, we are still seeing weakness with the 3.10 breaking down firmly too…

And sellers are out to push it away from the new resistance at 3.10 now….

As mentioned, may be heading torwards the 3.00 level next.. almost hitting target soon…

Some bargain hunting expected here but more downside not ruled out…. Targets may be revised lower on more bearish price actions…

Clients were alerted to be cautious of more selling pressure over the past few weeks….

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Breadtalk: Target hit... going strong despite market weakness... Price 1.20. System revealed!

Following up from blog post 3 weeks back where it was mentioned that more upside expected, http://singaporetradinginsights.blogspot.com/2018/06/breadtalk-upside-may-continue-above.html

We have actually seen more strength in Breadtalk despite the overall market weakness.

Targets have been raised higher on more bullish actions above 1.00 a few weeks back actually…

See that was sent then…

We had a 1^st target to 1.10 and a 2^nd target to 1.20….

Over the past few days, seems like it has awaken and 2^nd target has been hit today…

We may see some profit taking near 1.20 before probably more upside actions… 

Watching still….

Protect profits…See where we are now…

In addition, it was mentioned in previous blog post that we also had a 1ET BULLISH ENTRY SIGNAL from the PTI system..….

Just before the bullish run started….

Specifically, it was on the 5 June 2018, PTI grads have accessed to system can check…

So the question is:

Are we seeing any exits for now?

Well, see for yourself below…

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Yoma Strategic: Selling pressure may still continue... Price 0.36

Just last week, we spotted some selling pressure in Yoma with it approaching the key 0.400 level…

Trend indicators were all indicating more weakness and hence a breakdown expected…

It began testing that level with some buyers coming back but eventually it gave way too…

See targets that were drawn…

Over the past few days, we have seen more weakness with some bearish price actions…

Downside may still be playing out as seen….  See where we are now below…

Cautious long… more for shorts…

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OUE: Selling continued as planned.... cautious still... Price 1.53. System revealed!

Following up from previous blog post last month when OUE was trading at 1.71…. >> http://singaporetradinginsights.blogspot.com/2018/05/oue-heading-towards-target-still-price.html

It was mentioned that more downside was likely on a further breakdown below 1.70…

True enough, we have seen the breakdown and the selling accelerated… fast….

We have actually revised our target lower over the past 2 weeks….. see what was sent…

We have already hit our 1^st target over the past few days and seems like the 2^nd target is still on track….

See where we are below now…

Trend indicators are still looking weak, pointing to more selling…

Selling may still continue as drawn.... probably to 1.45 next?

To add, it was also mentioned that we had a bearish signal on the PTI system…

Let’s take a look at the system to see what it says…

We had a 1et Bearish entry signal on 15 May 2018… and then the heavy selling started….

Cautious long for now… as there are still no exits…

See what I mean below….

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Capitaland: Selling lower as mentioned, Price 3.30. System?

Just last week, we spotted a breakdown of the 3.40 support level that has been holding well since the beginning of 2017….

Trend indicators were also starting to turn down and some short term downside expected..…

Hence, some targets were drawn to the downside where potential short positions can be taken to ride the weakness …

See what was sent out below last week as it happened…

Seems like we are indeed seeing more weakness towards the next target as drawn..

Some short covering may happen near 3.25 but would want to be careful of more bearish price action below this level which may trigger off a new wave of selling…

Downside targets may still be playing out then….

PTI system had some bearish signals recently and then the selling happened accelerated…

No exits…

Hopefully, the next support at around 3.25 holds, watching….

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Hi-P: Breaking support over past few days.... Downtrend intact... Price 1.17

Just last week, we have seen Hi-P heading up towards the 1.50 KEY RESISTANCE level…

Was expecting more selling from here and even a break back below the 1.40 support level with the downtrend continuing…

Hence some downside targets were drawn to reiterate the weakness…

There were also some signs of a downtrend in formation based on our trend indicators so a retracement down was likely..

Indeed it has happened and over the past few days..

We have seen the 1^st target hit and the 2nd one lower seems to be on the way too…

Would want to be careful of more selling pressure, especially below 1.20 now… cautious…

Had some bearish signal on the PTI system… and then the selling started….

No exits…. Shhh….

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See where we are below now…

UOL: Selling down on a weaker market as mentioned... Price 7.61

Just last week, we have seen UOL headed back to the 8.20 resistance but sellers came back…

There were some signs of trend reversing down and hence some downside targets were reiterated….

As seen below… Downside targets were drawn to ride any potential weakness below 8.00…

To 7.40 next probably as drawn…. Cautious long…

It did happen and today, we are still seeing more selling towards our lower target…

Definitely some signs of a downtrend in the making, cautious long….

From the PTI SYSTEM, we had some bearish entry signals recently before the sell down came….

Still no exits…. Cautious…

See targets that were revised lower over the past few days again..

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UMS: Selling towards target still.... system says? Price 0.83

Following up from blog post 3 weeks back when UMS was at 0.95 >> http://singaporetradinginsights.blogspot.com/2018/05/ums-downside-target-hit-but-cautious.html

We were looking at more selling and seems like it is still playing out with it heading towards our next lower revised target at 0.800…

We have revised our target lower over the past weeks on more bearish price actions seen…

See what were sent out…

Would want to be careful of more weakness if 0.800 fails to hold… where target can be revised lower too..

As mentioned in previous post, we actually had a 1ET bearish entry signal from the PTI system….

On 3 May 2018….

And then the selling started….

Still no exits… See what I mean… cautious…. tech still looks weak for now...

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Memtech Intl - Selling continues as per targets. Price 1.13. System says?

Over the past few days, we have seen some weakness in Memtech with it breaking the 1.20 support ….

Hence some downside targets were reiterated…

We have hit our 1^st target today at 1.10 and some short covering seen… May see some consolidation above 1.10 for now but….

Would want to be careful if 1.10 gives way too where our 2^nd target may be on track….

See what was sent out…

From the PTI system…

We actually had some bearish entry signals over the past 2 weeks…

And then the weakness came in fast…

Still no exits for now…….

So would want to be careful of more selling below 1.10…

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