📈 CityDev Could Be the Next Big Move — Replay Now Available!

 

 We just wrapped up another One Good Trade Live Show — and it was a solid one.

 

First up, a quick recap on YZJ Shipbuilding — the SG stock we covered previously.

It's officially hit our target, and here's the kicker…

 

A 6% gain on the underlying could have turned into 18.5% if traded with the right strategy. 🔥

(That's the power of leverage done right.)

>> https://www.youtube.com/watch?v=Q6Yimr7rFh0

 

 

Then I revealed a new SG stock: City Developments (C09) —

We've had 4 bullish 1GT signals since April,

the short-term trend is still up, and it's holding firm above $7.00 support.

 

If it breaks $7.50, we could see a move toward $8.00… even $8.50.

🎯 The setup looks clean — and it's one you'll want to keep on your radar.

>> https://www.youtube.com/watch?v=Q6Yimr7rFh0

 

🎙 Jamie from Macquarie joined me too, sharing how traders can magnify gains on opportunities like this using a smart, capital-efficient approach.

 

 

 

𝐒𝐆 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐞𝐜𝐭𝐨𝐫 - 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐞? 𝐖𝐡𝐞𝐫𝐞? (𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐚𝐧𝐝 & 𝐂𝐢𝐭𝐲𝐃𝐞𝐯)

 

 

Over the past few months, we have still seen weakness in the SG property sector.. 📉📉

 

The 2 heavy-weights counters Capitaland and CityDev are still 𝐬𝐮𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞..

 

It seems like any short term rebounds are met with more selling and, 😢

 

buyers are just 𝐍𝐎𝐓 𝐀𝐁𝐋𝐄 to take it up to recent highs or maybe even near to pre-Covid19 prices..

 

Joey here, Top Tier Remisier in Phillip Securities.

 

 

 

After talking about the different sectors in the Singapore Stock market, some have asked if I can share more about the Property sector.

 

The question i have been getting is:

 

"𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐓𝐨 𝐒𝐭𝐚𝐫𝐭 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐓𝐡𝐞𝐦 𝐍𝐨𝐰?" 🤷🤷

 

Both of these counters have tanked by about 30% compared to before Covid-19 so it is indeed attractive from a discounted price perspective..

 

Well, my sense is it 𝐦𝐚𝐲 𝐨𝐫 𝐦𝐚𝐲 𝐧𝐨𝐭 be the right time depending on your strategy but more importantly,

 

The question should be 𝐖𝐇𝐄𝐑𝐄 we can begin eyeing them so that the upside reward is 𝐌𝐎𝐑𝐄 𝐟𝐚𝐯𝐨𝐮𝐫𝐚𝐛𝐥𝐞.. 👀

 

Watch this video recorded before market opened on 7 Sept 2020 to see where we are NOW for Capitaland and CityDev and What you can do!

 

Watch Here >> https://youtu.be/77TuDItgJI4

 

 

 

 

 

𝐂𝐢𝐭𝐲𝐃𝐞𝐯 - 𝐈𝐬 𝐓𝐡𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐎𝐯𝐞𝐫? (𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐔𝐩𝐬𝐢𝐝𝐞 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥!)

Just in Jan 2020, CityDev was trading around 11.50, but then COVID-19 hit and it sold down all the way to a low of 6.11 in March.

(A Sell Down of more than 45% in 2 months!) 😢

Joey here, Top Tier Remisier in Phillip Securities

Over the past 2 months, we have been seeing some stability in this counter with some good support returning. ⛅⛅

It was pretty much moving sideways with not much direction... 🤐

So the question is:

"𝐈𝐬 𝐭𝐡𝐞 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐎𝐯𝐞𝐫 𝐀𝐧𝐝 𝐈𝐬 𝐓𝐡𝐞𝐫𝐞 𝐒𝐨𝐦𝐞 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐀𝐧 𝐔𝐩𝐬𝐢𝐝𝐞 𝐑𝐞𝐯𝐞𝐫𝐬𝐚𝐥?"

Well. last week on some market strength, we managed to break this KEY Resistance LEVEL,

and some 𝗕𝗨𝗟𝗟𝗜𝗦𝗛 actions returned.. 👍

It seems like 𝑩𝑼𝒀𝑬𝑹𝑺 𝒂𝒓𝒆 𝑹𝑬𝑨𝑫𝒀 to take it higher after the 2 months break..

So 𝐖𝐇𝐀𝐓 is this key level that can determine if we can see more strength and 𝐖𝐇𝐄𝐑𝐄 can we potentially head to before profit taking returns again. 🤞🤞

Watch this video to the end (𝑹𝒆𝒄𝒐𝒓𝒅𝒆𝒅 8 𝑱𝒖𝒏𝒆 2020) to see what I mean..

Like and Share if you found it useful.👍

Watch Video here >> https://www.facebook.com/tradingimpossible/videos/569861583671800/

CityDev: A bullish move finally seen as predicted. More upside from here? Price 10.67.

Just about 2 weeks back, we saw CityDev approaching the key 10.00 resistance level…

It had been trading below this level for more than a year with it testing it for more than 2 times but failed to get above..

This time, it was nearing it again after some consolidation above 9.50 for a few weeks..

More importantly, there were already signs of the uptrend starting to take shape from indicators,

Hence, a potential move up was expected and some targets were drawn… it was then around 9.77.

Target was to 11.00 first,

See what I mean below.

Last week, true enough, the move came..

It was pretty fast with buyers just coming in to clear out all sellers at 10.00,

And it just started rising fast.. Uptrend was looking good on this move..

Targets were again reiterated towards 11.00 first and maybe even higher where a 2^nd target is drawn..

Was quite a bullish move up after the consolidation below 10.00 for more than a year as mentioned…

Over the past few days, we have seen the temp 10.50 resistance gave way too and with CityDev pushing higher…

Likely to see some profit taking as it nears 11.00 for now,

But uptrend may not be above if it can hold above 10.50 higher support..

Indicators still pointing towards more upside for now..

Watching to see if target can be hit, but quite a good run seen..

Citydev: Some temp support but Sellers may still fight back...Price 8.63. Bonus Video on STI!

Just last week, we spotted some pretty bearish actions in CityDev…

It was holding above the 9.00 psychological support all this while but this time buyers just could not hold it any longer…

Hence some downside was expected and targets drawn as see below…

Indeed we started to see more selling coming back and it pushed lower towards our target..

But some support seen at 8.50 for now where short covering is happening given the sell down..…

But would want to be cautious of more selling if this level were to give way… see updated chart below..

Actually did a video over the weekend where I talked about the Singapore stock market (STI) and mentioned 2 stocks that you want to be cautious of for more weakness…

Have you watched it yet??

Click here to watch video now…

And more importantly, not yet a client of ours? Find out why you should stop missing out here!!

CityDev: Selling still towards target... price 11.28. System says?

Just a week back, we spotted some negative price actions with Citydev breaking below the 11.70 support level…

Trend indicators were also looking weak and showing signs of a reversal down…

We have seen more selling over the past few days especially with market being weaker…

See what was sent out to inner circle members then….

Not good…

Target towards 11.00 may still play out…

The thing is, we actually some a 1GT Bearish signal on the PTI System before the selling started

On 14 May 2018, about 2 weeks back and then the weakness accelerated.….

No exits…...

See what I mean below…. Cautious.

Want to get ideas like these in your inbox faster? 

Open a free trading account with Joey and his team, CLICK HERE…….

CityDev: Is the uptrend still intact? See System! Price 13.21

Just last week, we spotted some nice actions in CityDev with the 12.00 key resistance lifting off nicely....

It was at 12.15 and a chart was quickly pulled up with targets drawn where inner circle members were alerted...

Has started to trade higher since and has touched our first target at 13.00 over the past few days...

Though it might be higher, we can see more strength if it holds above 13.00 now, with targets likely to be revised upwards to 14.00 and above too...

See what was sent!

For illustration purpose only

We started to see some profit taking when the Hong Kong market sold down at the last hour yesterday.

However, today we are seeing renewed strength with buyers covering back positions above 13.00...

The thing is...

We are still NOT seeing any EXITS on our system.... ;)

Well, we actually had a 1ET BULLISH ENTRY signal on 9 Oct 2017, last Monday.  Entry price at 11.84...

Looking at a 11.6% GAIN in less than 2 WEEKS.... and counting...

So where to now?

Well targets has been revised up again.... shhhh....

Can't wait to share this system with my next batch of students.....  looking forward....  ;)

Still haven't yet attended a workshop to find out more? 

CLICK HERE... last few seats again....

For illustration purpose only

CityDev: Next target in range.... some profit taking expected there, price 11.78

About 2 weeks back, we saw some actions in CityDev when it actually managed to break the 11.00 key resistance...

That was the level it has traded below since the beginning of the year which was something meaningful.

Therefore it was on my watchlist and a note was sent out together with targets drawn on chart...

See where we were below.  Price was around 11.18.

For illustration purpose only

It had then consolidated briefly above 11.20 over the past 2 weeks and finally a push above 11.50 yesterday to give way to more momentum.

Uptrend looks intact for now above 11.50 – 11.60 honestly...

More importantly, we did have a BULLISH 1ET Entry signal on the signal...

Just before it began it's recent rally....

on 19 July 2017.... ;) PTI grads would know why...

In addition, this stock was also mentioned in my 2^nd Half 2017 Market Outlook seminar on 1^ST July 2017  along with another 5 stocks.. Uptrend intact.

See where we are below now...

For illustration purpose only

CityDev: Pushing to new high, exits? Price 10.63

Following up from previous blog post last month >> http://singaporetradinginsights.blogspot.sg/2017/02/citydev-target-hit-but-system-has-no.html

We had actually seen an exit from the system as per below chart. The thing is we did have another entry signal, PTI grads would know when.

It has started its ascent again after that and has been facing some resistance at 10.60 over the past 1 week.

Today, we are seeing a move above 10.60 which can lead the next phase up. Would be interesting to see when the exit will come J

Uptrend looks good with 10.60 holding now, but a system makes spotting such counters not only so much easier but also more systematic.

Want to understand what goes on behind the dots in the system? Attend a free workshop ... Click here >>> http://bit.ly/2baNYOl

Was looking at chart below which was first drawn on 11 Jan 2017. Price then was only 8.70. 

Targets or arrows on the chart were completely breached over the past 2 months.... happy.

See the strategy live  >>> http://bit.ly/2baNYOl

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Recent Emails:

Sent: Tuesday, February 07, 2017 9:30 AM
Subject: ****** CityDev: Target hit, but system has no exits fyi, price 9.50

For illustration purpose only

Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70

For illustration purpose only

CityDev: Target hit, but system has no exits fyi, price 9.50

CityDev has broke the 9.50 next target again today with it poised to test 9.80 next.

Would likely see a new higher support at 9.50 now and there can be more upside if it holds above however we are also seeing some profit taking for now.

Apart from the emails that clients receive, there were also signal that PTI GRADS were alerted too.

That was on 10 Jan 2017 where we had a 1ET BULLISH signal...

No exits yet after the pretty good run through CNY.

System aside, looking to see more price action confirmation for the next phase of upside, but a system does guide me as well J

For illustration purpose only

----------------------------------------

Recent Emails:

Sent: Monday, February 06, 2017 9:49 AM
Subject: ***** CityDev: Trying to push higher after a break, price 9.37

Sent: Friday, January 27, 2017 11:07 AM
Subject: ******* CityDev: Target hit, still looks ok above 9.25, price 9.26

Sent: Monday, January 23, 2017 9:18 AM
Subject: ******* CityDev: Cleared psychological level, next target at 9.20 on track.. price 9.04

Sent: Friday, January 13, 2017 9:23 AM
Subject: ***** CityDev: May head towards 9.00 soon, price 8.85

Sent: Thursday, January 12, 2017 9:18 AM
Subject: ******* CityDev: Pulling away from new support, price 8.75

Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70

For illustration purpose only

CityDev: May touch 9.20 target soon, is upside over? price 9.14

Following up from previous calls 2 weeks back, we have indeed seen CityDev pulled higher after moving past 8.60 critical level.

This morning, a call was issued at 9.04, when it shot passed the 9.00 level too and it started to see more strength...

Was supported above 8.80 for more than a week and today finally a breakthrough again where we may see a trade towards 9.20 as drawn in chart below 2 weeks back before all this plays out....

May see some profit taking near there so those still holding can consider taking some money off the table given the run we have seen. Congrats

A firm move above 9.20 on a specific price action can see the upside continue. We will be looking for that....

Raise sl to protect profits for now though... J

---------------------------------------------------

Recent Email:

Sent: Monday, January 23, 2017 9:18 AM
Subject: ******* CityDev: Cleared psychological level, next target at 9.20 on track.. price 9.04

Sent: Friday, January 13, 2017 9:23 AM
Subject: ***** CityDev: May head towards 9.00 soon, price 8.85

Sent: Thursday, January 12, 2017 9:18 AM
Subject: ******* CityDev: Pulling away from new support, price 8.75

Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70

For illustration purpose only

CityDev: Pulling away from new support, price 8.78

From yesterday’s call, we have seen CityDev pull away from the 8.70 new support level looks set to test 8.90 as mentioned.

Short term MA on the verge of reversing too with MACD crossing into postive zone after trading below since Oct last year.

Momentum can continue above 8.80 in the near term for now. Let’s see..

Don’t want to miss out on trading calls like below? Open a FREE Trading account Now. J

------------------------------------------------------------------------------

Recent Email:

Sent: Wednesday, January 11, 2017 12:17 PM
Subject: ******** CityDev: A move above 8.60 a short term positive... price 8.70

After consolidating below 8.60 for more than 2 months, finally today, we have seen a move over the past few days with more strength today. Longer term trend still pretty flat with a cap at 9.20 since the beginning of last year. We can expect a trade to 8.90 then 9.20 before some profit taking occurs again.

For illustration purpose only

CityDev: 9.00 target almost hit...... Should we take some profit? now at 8.89

Congrats to those who managed to lock in some long positions on the move above 8.50 last week….. J

Sent: Wednesday, April 13, 2016 9:32 AM

Pushing higher as per yesterday’s call, away from the new resistance turned support at 8.50 now. For those who has accumulated yesterday, would also be good to take some profit by scaling sell near the 9.00 mark, probably above 8.85. Raise stop loss to protect profit nevertheless. J We may see a new higher consolidation phase from 8.50 to 9.00 before more direction again and maybe a further breakout.

Sent: Tuesday, April 12, 2016 3:06 PM
Subject: ************ CityDev: Further breakout above 8.50 spotted, more momentum likely above, price 8.55

Following up from previous call last Monday, we have indeed seen a move above the 8.50 key resistance. We are also seeing the 20 day MA line cross above the 200 day MA line which can potentially lead to a reversal. Target raised to 9.00 now then 9.50. With 8.50 holding as the new support now, short term uptrend intact. MACD still pulling upwards firmly confirming price action moves.

CityDev: Have crossed above the 8.50 as mentioned last week..... price 8.55..

Can it head towards the 9.00 level now ?

Sent: Monday, April 4, 2016 4:19 PM
Subject: ************ CityDev: Potential breakout above 8.50 further, raise stop loss, price 8.41

Following up from last week call, we have indeed see CityDev trade higher and looks set to head and test the 8.50 resistance level as mentioned. There may be some selling pressure as it approaches there so can also consider taking some profit first. Raise stop loss to protect profits and possible to leave more long positions for the ride above 8.50 if it breaks upwards further with target raised to 9.00 then 9.50 on this move.

Sent: Wednesday, March 30, 2016 10:39 AM
Subject: ************ CityDev: Breakout seen above 8.00 a good sign for reversal, price 8.12

From previous call last week, we have indeed seen a move above the key resistance at 7.90 clearing out and even the 8.00 psychological resistance taken out as well. Strong volume seen on today’s move where we can expect more upside towards 8.50 now. Raise stop loss for those that have already lock in some positions previously. J As long as 8.00 holds now, we are short term bullish with a break out above 8.50 a good sign for more upticks.

CityDev: Did a breakout just happened as mentioned last Wednesday?

Yes it did, question is are you prepared or notified to be prepared? J now at 8.14, more upside?

Sent: Wednesday, March 23, 2016 9:20 AM
Subject: ************* CityDev: Potential breakout above 7.85 - 7.90, in watch list... price 7.78

City Dev has seen a Bullish Inverse head and shoulder we can potentially se a reversal if the resistance at 7.90 clears out. 20 day MA line has crossed positively above the 100 day MA line with it forming higher lows since last month with MACD also maintaining above the zero mark consistently. Any firm move with volume will get ask to look at it again. Volume seen today as it attempts a breakout but more confirmation required for price action.

CITY DEV CHART - Now at 9.43.... critical level cleared at 9.40..... if stay above, more short term upside to 9.80 possible....

put a stop at 9.36.

CITY DEV CHART - Support turned resistance broken at 10.10... NOW AT 10.14.....more upside if stay above this level.... might head to 10.40 or critical 11.00

Note that it has not cleared above the 11.00 level for about 6 months... might test this resistance again in near term on market strength...

CITY DEV CHART - Broke 9.60 support.... now at 9.54.... more downside likely in short term to 9.00.....

CITY DEV CHART - Broke 9.00 support level... Now at 8.95... likely to head lower...

CITY DEV CHART - Trading range from 9.60 to 10.00 currently...... possible to accumulate from 9.70 down to 9.60 critical support....

take profit on any rebound and sell into strength.... put a clear stop loss at 9.57 strictly.....  any break of 9.60 support level can see it go down more in the short term...