Keppel Corp: Downtrend may still be intact despite rebound, price 5.91

Just last week, we have seen Keppel Corp breaking the key 6.00 support on some bearish price actions and more selling happened..

Hence some downside targets were drawn towards 5.60 as seen..

Trend is still down for now where buyers could not hold on longer..

Over the past few days, we have indeed seen the sell down towards our target at 5.60..

And then some short covering happened as the US markets reboudned…

We are seeing a rebound from the 5.60 level and heading towards 6.00 where sellers can be ready to take it lower again..

With technical indicators still looking weak, downtrend may still be in place below 6.00… with target revised again as per below.

Oil prices still facing pressure at US$50 which is putting downwards pressure on oil and gas stocks still…

Singtel: More selling with 3.00 breaking down.. Price 2.92

Just last week, we have seen the 3.00 psychological support for Singtel break down..

That level has been holding for more than 6 months but seems like buyers were not able to hold any longer..

Hence some downside targets were drawn on some bearish price actions spotted.

The selling continued over the past few days and we are now back to the 2.90 support where some short covering seen…

Normal given the sell down..

Downside targets may still be on tracked..

Downtrend has been in placed since the beginning of the year and no signs of reversal as of now…

UMS: Selling down to target... More weakness? Price 0.555

Following up from blog post a few weeks back >> http://singaporetradinginsights.blogspot.com/2018/11/ums-may-still-play-out-towards-target.html

Seems like more selling has returned for this counter…

After the previous post, it has actually staged a rebound towards the 0.64 resistance where some selling were expected again..

Some downside targets were reiterated then as seen below with the downtrend continuing…

Sellers were just here to take it lower on any slight rebound we have spotted…

Today, we have already hit our target at 0.55 where some short covering is seen…

But downtrend still remains intact below 0.60 now imo and..

More weakness not ruled out on more bearish price actions if 0.55 breaks too..

To 0.50 probably?

Well, it was also mentioned that we had a Bearish signal on system on the previous post…

The exit came BUT A new one came out again recently…

Still no exits…  See below for targets reiterated last week…

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Singpost: Selling to new low after minor consolidation... Price 0.915. Cautious! System?

Following up from previous blog post > http://singaporetradinginsights.blogspot.com/2018/11/singpost-downtrend-still-intact-for-now.html

We have seen some consolidation from 0.95 to 1.00 over the past 3 weeks but it seems that buyers were unable to hold out longer over the past few days…

Some firm selling pressure seen with 0.95 breaking down on Tuesday…

Downtrend still looks intact for now though some short covering expected along the way down…

Targets have been reiterated again recently and we are mid way and may still play out… let’s see…

Yes, the thing is we had some bearish signals on our system too, before the heavy selling started…

There are still no exits for now… PTI grads can check…

Would not want to be holding on long positions for now..

Can still think about riding the downside while protecting profits…

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SIA Engineering: Nearing downside target, worst may not be over! Price 2.41

Following up from blog post about 3 weeks back, http://singaporetradinginsights.blogspot.com/2018/11/sia-engineering-target-hit-may-be.html

We have seen some consolidation in SIA Engineering around the 2.50 level…

Some short covering seen after the heavy sell down but buyers were just not able to push it back up firmly…

See the targets that were revealed then again below…

Towards the 2.40 level before it plays out…

Over the past few day, we have witnessed more weakness when the market sold off we are indeed down to the target seen…

Some support seen at 2.40 for now where buyers are doing some short covering…

But DOWNSIDE target can be revised lower on more bearish price action…

In previous post, it was also mentioned that the system had some bearish signals….cautious…

So the question is, is it still there??

Yes, there are still no exits… shhhhhh

that’s all I can say….

PTI grads can check it out and will know why…!

See below what has played out so far when first covered last month…

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STI: Selling down back from key level, 3129 now. Worst may not be over!

Just last week, we spotted a move above the 3100 level which can signal some short term upside..

Hence some targets drawn towards 3200 as seen below where we expected selling pressure to return again..

At the beginning of the week, we have indeed seen the market rallied upwards on news on a truce between China and the US on trade war..

Has neared our upside short term target but…

It seems like sellers are back.. with Dow Jones selling down by more than 800 points over the past 2 sessions…

STI is back to the key 3100 again..

Hopefully that holds, if not, the downtrend can continue further towards the level we have seen last month, let’s see…

Last night, Dow Jones sold off my more than 875 points before paring down its losses on the back of a report of less aggressive interest rate hikes next year….

So some short covering expected today on Asia markets..

See where we are below now…

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China Sunsine: Next target on tracked? Price 1.34

Just about 2 weeks back, we spotted some bullish actions with China Sunsine pushing above the 1.16 level…

Some short term upside was expected as seen when it also crossed above the psychological 1.20..

Which was also above the 100 day MA line which can be a sign of upside reversal taking shape…

Some targets were drawn towards 1.25 then about 1.45 as seen below…

Over the past 1 week, we have seen some profit taking near the 1.35 level…

Which is halfway towards our 2^nd target..

Seems like buyers are still trying to defend the 1.30 support for now with buy ups seen on any dips…

Target as drawn previously may be on track….

We actually had a 1ET Bullish entry signal on the System, still no exits…

Watching for now… would want to take some profits along the way too..

See targets that were reiterated again last week below…

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AEM: Finally target hit.... More upside from here? Price 1.00

Following up from blog post 2 weeks back... >> http://singaporetradinginsights.blogspot.com/2018/11/aem-reversal-in-sight-finally-price-0935.html

We have actually seen some profit taking near 1.00 with AEM trading lower back to support..

Has been holding above the 0.88 support over the past 2 weeks and seems like buyers were back to defend again..

Some upside targets were drawn last week and a potential rebound possible again..

Therefore, targets were reiterated again towards 1.00 as seen…

Over the past few days, we have indeed seen the move happened towards the 1.00 critical level..

Target hit for now…

Seeing some profit taking returning near 1.00 for now but awaiting more bullish price actions above 1.00 where upside target can be revised higher…

May be back to some consolidation below 1.00 before we seen an attempt to break it firmly again..

Watching…

We actually had a Bullish entry signal on the system RECENTLY….

Still NO EXITS as of now….

Let’s see where we are below……

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Best World: Some heavy profit taking last week, but buyers coming back again? Price 2.24. System?

From previous blog post about 3 weeks back >> http://singaporetradinginsights.blogspot.com/2018/11/best-world-near-our-final-target-system.html

We have actually seen Best World trading higher towards our 2^nd target near 2.40 last week..

Hitting a high at 2.37 last Tuesday before some heavy profit taking came back…

Sellers sold off but buyers returned near the 1.90 – 2.00 level..

Managed to clear above our first target as mentioned and buyers still not giving up…

Seems like we are seeing strength above 2.20 again where it might attempt to test 2.40 again..

What a run seen, targets neared and hit, but would be good to take concrete steps to protect profits or perhaps take some money off the table. ;)

System still looking awesome ;)

See what I mean…. No exits for now on the recent 1GT bullish signal…..

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UMS: May Still Play Out Towards Target.... Cautious. Price 0.595

Just last week, we spotted some bearish price actions with UMS breaking the 0.64 support level..

Has been holding for more than a month above with some signs of the downtrend continuing but…

More importantly, it seems like the buyers just couldn’t hold on any longer..

We also had a bearish signal on the system….

Therefore some downside targets predicted… towards 0.55 where some short covering could return..

See what I mean…

Over the past few day, we have seen the psychological  0.600 support gave way too…

Sellers may still be in control below this level..

Cautious, downtrend intact….

Still no exits on the system….

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SIA Engineering: Target hit! May be breaking down lower again... cautious. Price 2.57

Over the past week, we have seen some bearish actions with SIA Engineering breaking the 2.80 support that has been holding for more than a month..

Sellers started to come back and some downside targets were drawn…

We have indeed seen more selling and target has been hit but seems like sellers are not letting go..

Targets has been revised lower with 2.60 breaking too with downtrend intact for now.….

See what we saw over the past few days again as the downside continued to play out…

On the PTI System, we actually had some Bearish signals…

Just before the selling started…

Still no exits as of now…

More for shorts… cautious if holding long…

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Singpost: Downtrend Still Intact For Now... Are You Alerted? Price 0.97

Over the past 2 months we have seen weakness in Singpost with it pushing lower after each minor consolidation…

Downtrend was still firmly intact and just 2 weeks back we were expecting more selling to come back with some bearish price actions spotted.

Hence some downside targets drawn as seen below…

Some short covering expected after each heavy selling and a rebound seen..

But sellers were pretty much still in control below the 1.05 resistance last week and downside target reiterated…

Was expecting the support at 1.00 to give way eventually where more selling can continue..

Seems like we are indeed seeing the 1.00 breakdown over the past few days..

See what is happening below right now..

Downside targets towards 0.900 may still be on the cards.

With 1.00 as the cap for now, downtrend still intact with trend indicators also pointing lower…

Cautious long positions…

Would not want to be holding all the way down but think about riding the downside as it plays out..

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AEM: A Reversal in Sight Finally? Price 0.935

Just last week, we spotted some bullish price actions in AEM as it attempted to push higher after a 3 months consolidation..

Was approaching this key 0.86 resistance level and we were expecting buyers to try to push through.

After some tug of war…. Buyers succeeded…

See target that were drawn then… to the upside…

Then over the next few days…

More strength came back… with buyers clearing above the 0.900 psychological level as well…

Has hit a high of 0.98 last Thursday near our target…

And then profit taking begun, which is normal given the spike of more than 12% we have seen over 4 days when first spotted.

See below the rally as it happened…

For now, we are starting to seeing some consolidation coming back above 0.900 with some signs of the shorter term trend changing potentially..

With that 0.900 as a new support now, we can trade towards 1.00 where more selling can happen…

We had a bullish entry signal recently too fyi and still no exits……

Awaiting more bullish actions above 1.00 where the upside may continue and where targets can be revised higher..

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Best World: Near our final target... System says? Price 1.85

Following up from call on Best World about 2 weeks back where it was at about 1.70 >> http://singaporetradinginsights.blogspot.com/2018/10/best-world-strong-despite-market.html

We have indeed seen the push above this level and buyers started pushing it higher…

Over the past few days we have managed to break above the 1.80 level and still heading towards our final target at 1.90..

See targets that were reiterated over the past week..

It was mentioned also in the previous post that we actually had a bullish signal on the PTI System…

So are there any exits yet?

Well, we have indeed got a recent 1ET Bullish Entry signal on the 23 Oct 2018..

More than 2 weeks back… when  it actually broke above the 1.50 level on some pretty decent bullish actions…

And then the up move started… all the way to about 1.85 now…

Still NO EXITS as of now as you can see below..

Looking forward to share more about the System and more importantly the concept behind the system to my new batch of students next Friday…

We may start to see some good profit taking near 1.90 imo…

So would also be wise to lock  in some profits and more importantly, protect them… ;)

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YZJ Shipbldg: A reversal in sight? Price 1.26

Over the past week, we have managed to see some good support coming back at around 1.15..

Buyers seems to be defending this level firmly after the sell down seen 2 weeks back…

A potential rebound on the cards with some upside reversal targets drawn last week..

See back to which level…

Upside targets were reiterated again last week as it starts to consolidate with a temp resistance coming in at 1.25..

Seems like we are seeing some actions above 1.25 today which may see the reversal start to take shape..

Watching closely for more bullish price actions to see if 2^nd targets can be hit…

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Genting Sing: Downside target hit and some short covering expected, but worst may not be over Price 0.87

Following up from previous blog post about 2 weeks back >> http://singaporetradinginsights.blogspot.com/2018/10/genting-sing-more-selling-happening-as.html

Seems like we have hit our downside target at 0.88 over the past few days where some short covering is seen…

Sellers started to push it down lower towards 0.85 where we may see some consolidation from 0.85 to 0.90 before more direction again..

The worst may not be over if we spot more bearish price actions below 0.85 too…

See downside targets that were reiterated again last week.. hit!

The downtrend still looks firmly intact for now, especially below 0.900.

From the PTI system, the bearish signals still not showing any exits...

Note that the previous low we have seen in 2016 was at 0.65 – 0.70, so we may be attempting to head towards there before some good bargain hunting returns again..

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Yanlord: Downtrend still continuing as predicted it seems... Price 1.18. System?

Just about 2 weeks back, we spotted some bearish price actions in Yanlord with it breaking the 1.40 level…

There were already some signs of weakness in this counter with the downtrend taking shape..

And the thing is, we got a Bearish signal from the system too..

Hence, some downside targets were drawn too, towards 1.30 first then to 1.10.. see what I mean…

                                                

Just last week, we saw our 1^st target and support at 1.30 giving way too..

And a slight rebound from short covering but still we expected the downtrend to continue…

Again, targets were reiterated to the downside as seen below to 1.20 then 1.10 finally..

Today, we are seeing more bearish price actions again with it breaking the 1.20 level…

See where we are now below..

Target at 1.10 still on tracked and we may see some short covering near there again and potentially a slight rebound…

There are still no exits on the bearish signal we saw on the system 3 weeks back…

So you want to be careful if you are holding, especially below 1.20 now..

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Best World: Strong despite market weakness... Price 1.70. Targets?

Just last Friday, we spotted some actions with Best World approaching the key 1.50 level…

There were some signs of strength with buyers attempting to break that..

Finally on Tuesday, we saw a firm move above with buyers ruling throughout the day…

1^st target has already hit but seems like the 2^nd one may be on tracked if we can hold above 1.70 now..

Despite market weakness today, we are still seeing strength in this stock with it pushing higher towards our 2^nd target…

Some profit taking expected near 1.70 for now which is normal given the spike…

May see some selling pressure but upside towards target may still be on tracked…

Watching…

Also, system wise, we actually had some bullish signals recently… want to know why it came out?

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Memtech Intl: Selling lower for now... Price 0.755. System says?

Just last week, we have seen Memtech Intl breaking the 0.84 support and there were already some signs of weakness..

Indicators were looking weak and seems like sellers were still not giving up to take it lower…

Was expecting some buying pressure coming back at 0.800 but likely for that not to hold too..

See downside targets that were drawn…

Over the past few days, seems like we have seen a firm break down below the 0.800 level indeed…

And sellers are regaining control for this counter firmly..

Downside targets are still playing out and may be revised lower too on more bearish actions…

More importantly, we actually had a BEARISH 1GT Signal on the PTI System recently…

Already a 14.2% downside from the signal and the thing is…

There are still no exits for that…

See what I mean below..

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