𝐀𝐩𝐩𝐥𝐞 𝐒𝐭𝐨𝐜𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 (𝐀𝐀𝐏𝐋) | 𝐏𝐫𝐢𝐜𝐞 𝐓𝐚𝐫𝐠𝐞𝐭 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧 (𝐌𝐚𝐫 𝟐𝟎𝟐𝟒) 🍎🍏
One of the most popular and the 2nd largest Market cap stock in the US that have seen weakness in recent weeks.
Can this NEW Support be an opportunity ON DIPS?
What to look out for to catch the reversal?
Watch video to find out >> https://youtu.be/hlOvXnbPseo
Nvidia (NVDA) has been one of the best performing Artificial Intelligence stocks in the US market since beginning of last year.
It has surged to a new all time high on an impressive set of earnings.
Can it push higher still or should one be cautious? 👀 >> https://youtu.be/-XhjHcFWoKw
Watch this video to the end as I explain the recent earnings announcement,
what happened last year when I called for it and if we should positions ourselves in this stock still for more upside.
Discover here >> https://youtu.be/-XhjHcFWoKw
With the Federal Reserve hinting to rate cuts in 2024, it has triggered strength in the technology sector, even in the Singapore stock market.
Unlock the potential of Singapore's booming technology sector with our expertly curated list of the top 3 tech stocks poised for massive returns in 2024.
Join us as we take a deep dive into the technical analysis behind these promising investments, guiding you through the trends and indicators that signal their standout potential.
Find out why I like them on the chart and why they are even on my watchlist.
What are the TOP 3 SG Tech stocks poised for massive returns in 2024 as the cuts happen?
Find out why they are even on my watchlist and how to position yourself >> https://youtu.be/ydfm-Vxvf2Y
The Singapore banks, DBS, UOB and OCBC have all rebounded from their key support levels over the past few days.
Can there be more upside ahead?
Well, it depends on whether they are able to break some of the resistance over the past 2 years.
Check out where selling can happen again for each and why 1 bank stands out the most for me now.
Watch video here >> https://youtu.be/P7Jn-F8OAUU
What are 2 Singapore stocks that you can put in your watchlist for potentially MORE upside gains.
Have covered them previously and they have pushed towards my targets,
but can there be more strength still?
Watch this video to find out why they are still in my watchlist.
One of them is more of a firm up trending play and the other one is more of a reversal play that perhaps has only just begun….
Find out the key levels to break for more upside to happen…
What are the key supports for that to happen?
Watch video to find out >> https://youtu.be/Hnv6F7pe1dk
I am sure you have heard of this phrase, "The Trend Is Your Best Friend"
But how do we even know the trend? Can we spot it in seconds?
Discover it here as I break it down for you with live case studies >> https://youtu.be/YKDDcsqEpLA
Here is where I dive deep into how leveraging moving averages has revolutionized my approach to trend trading in the stock market.
Get to understand the fundamentals of moving averages (MAs) and how they can be used to identify market trends.
See real-life examples of how I apply moving averages to spot trends, set entry and exit points, and manage risk in my trades.
Learn about moving average crossovers, one of the most powerful signals for trend traders, and how to interpret these signals to make informed decisions.
Discover it here >> https://youtu.be/YKDDcsqEpLA
Attend a FREE webinar to learn more HOW to pick winners in the stock market and ride them: https://bit.ly/1GTLive
Have you ever wondered how you can take a position in some of the Top Thailand companies listed on the SET, without the hassle and additional cost of buying the stocks directly there?
Since end of May 2023, it is now possible.
We can take a position in some of the Top Thailand companies like any other stocks listed on the Singapore Exchange.
We can buy what is called Singapore Depository Receipts, in short, SDRs.
SDRs are instruments representing beneficial interest in an underlying security listed on an overseas exchange and are issued for trading on the securities market of the Singapore Exchange by an intermediary, SDR Issuer, on an unsponsored basis.
It will enable SGX investors to expand investment horizons to overseas listed companies in a simple and cost-efficient manner.
So, with the launch of Thai Underlying SDR as at end May 2023, traders and investors in Singapore can now invest in such Thai companies just like any Singapore stocks listed on the SGX with the same settlement procedures and SGD traded currency.
There are 3 blue chips Thai underlying SDRs currently which is what I will be talking about in this article and how you can potentially profit from.
I will be analyzing the charts of these 3 underlying Thailand stocks before sharing how one can take a position on the SDRs listed on the SGX and the potential target price based on current price levels.
The 3 underlying Thai stocks listed in the SET and their codes are:
Underlying Thai stocks on SET | Thai SDR on SGX | |
Airports of Thailand | AOT.BK | TATD |
PTT Exploration & Production | PTTEP.BK | TPED |
CP All | CPALL.BK | TCPD |
1) Airports of Thailand (AOT.BK) manages and operates airports in Thailand and is a top Blue chip on SET with the highest weightage of 8% as Thailand is focused on Tourism.
Over the past 2 months, we have continued to see support coming back at 58 (S$2.20) where buyers started to bargain hunt. As mentioned previously, this is a key level we have rebounded from since more than 2 years back so likely to see some buying pressure as prices approached here.
The short-term trend has also started to point up over the past few days as seen from the 20-day moving average with prices crossing back above it. May see some near-term upside towards the next resistance at 66 (S$2.50) where some profit taking can happen again.
This resistance was originally the support we broke down in Nov 2023 would be key for the reversal to continue towards 76 (S$2.90). For the longer-term trend to reverse up as well, we need to break the 66 (S$2.50) level firmly and stay above.
So how does one take a position in Airport of Thailand from the SDR listed on the SGX?
Well, you can take a position in this SDR, which is named AIRPORTS OF TH TH SDR (TATD), currently priced at S$2.36.
As mentioned, this SDR is like a normal Singapore stock where its traded currency is in SGD and settlement procedures the same.
If it does dip back to near its support again at 58 (S$2.20) and some bullish candles are spotted, an entry can be taken for a potential upside of about 13% if we rebound back to levels like 66 (S$2.50).
2) PTT Exploration & Production (PTTEP.BK) is a leading oil and gas exploration and production company in Thailand and is a top Blue chip on SET with the top 10 weightage.
PTTEP.BK currently trading at 151 (S$5.75) is still attempting to firmly break the critical 150 (S$5.70) resistance that it has traded below for about 2 months now. Over the past month, seems like a higher support has come out at around 145 (S$5.50) as it consolidates above it now.
The 20-day moving average line which represents the short-term trend has begun to flatten out again after pointing upwards due to the upticks seen in December 2023. Only a firm move above 150 (S$5.70) resistance can see the short-term trend turn up again. This can happen with prices closing from 152 – 156 on above average volume that can show buyers ready to take it to the next higher phase.
The upside target can be to 160 (S$6.08) first then 180 (S$6.85) which was the recent high last year. One can consider entry above 145 (S$5.50) support for a potential break of 150 (S$5.70).
Would be good to have a stop loss level at around 142 (S$5.40) to get out in case we fail to hold above 145 (S$5.50) support.
So how does one take a position in PTT Exploration & Production from the SDR listed on the SGX?
Well, you can take a position in this SDR, which is named PTTEP TH SDR (TPED), currently priced at S$5.72.
For an entry near 145 (S$5.50) to ride to 180 (S$6.85), we are looking at an 23% potential upside as per targets.
3) CP ALL (CPALL.BK) Operates the 7-Eleven convenience store chain in Thailand and has the most extensive convenience store network in the country.
CPALL.BK has continued to hold above the 50 (S$1.90) support over the past month and has staged a rebound from this key psychological level again over the past few days.
With prices crossing back above the 20-day moving average, we may start to see some short-term upside back to 60 (S$2.28). This level is now a key resistance to watch, and it was originally the support we broke in Oct last year.
The longer-term trend is still pointing down below this 60 (S$2.28) resistance as seen from the 100 day and 200 day moving averages lines which are pointing down with prices below them.
One can consider timing entry near the 50 (S$1.90) support level again if it dips which can offer much more upside.
So how does one take a position in CP ALL from the SDR listed on the SGX?
Well, you can take a position in this SDR, which is named CP ALL TH SDR (TCPD) currently priced at S$2.09. For an entry near the 50 (S$1.90) support, we are looking at a 19% potential upside as per targets to S$2.28.
Footnote: Currency conversion used from THB to SGD is 0.038.
𝐀𝐬𝐤 𝐌𝐞 𝐀𝐧𝐲 𝐒𝐆 𝐒𝐭𝐨𝐜𝐤𝐬 𝐋𝐢𝐯𝐞 𝐒𝐡𝐨𝐰 Replay - 1 FEB 2024
>> https://youtube.com/live/JK24mUSnD4U
With the Fed hinting that rate cuts in March are now unlikely, markets have sold off.
So what's the outlook for 2024? Is it just some short term weakness before the next bull rally?
See below for the Most Popular SG stocks asked and also 2 stocks that I like at the end. 😎💪
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏
07:41 - Dow Jones - In a firm uptrend for now.
13:43 - S&P 500 - Attempting to hold above a new multi year high support now.
29:40 - Geo Energy Res - Bullish stock in play now with a break of 0.35 resistance recently.
38:44 - DBS - Selling towards 31 can be attractive..
41:40 - UMS - Longer term uptrend intact, but resistance key...
47:47 - SIA - Reversal ongoing with support holding well..
52:30 - IFAST - Finding a new support on breakdown..
56:19 - Keppel - Strong uptrend with occasional profit taking..
1:00:38 - Seatrium - Back to a Key support level holding for almost 2 years..
1:08:08 - Genting Sing - Reversal could still be on track..
1:15:41 - 1ST 𝐁𝐎𝐍𝐔𝐒 𝐒𝐓𝐎𝐂𝐊 THAT I LIVE REVEALED AND WHY
1:23:29 - 2ND 𝐁𝐎𝐍𝐔𝐒 𝐒𝐓𝐎𝐂𝐊 THAT I LIVE REVEALED AND WHY
Watch the replay here >> >> https://youtube.com/live/JK24mUSnD4U
