𝐒𝐆 𝐓𝐞𝐥𝐜𝐨𝐬 - 𝐈𝐬 𝐭𝐡𝐞 𝐖𝐨𝐫𝐬𝐭 𝐑𝐞𝐚𝐥𝐥𝐲 𝐎𝐯𝐞𝐫? (𝐒𝐢𝐧𝐠𝐭𝐞𝐥 & 𝐒𝐭𝐚𝐫𝐡𝐮𝐛)

 

Slightly more than a month back, I covered in a video that one would need to 𝐭𝐡𝐢𝐧𝐤 𝐭𝐰𝐢𝐜𝐞 if they are thinking of buying into Singtel.. 😬

 

It was still looking weak then and in fact, some downside targets were drawn.. ️🎯️🎯

 

Over the past few weeks, the selling continued.

 

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

 

 

In today's video, I am going to do a recap of Singtel again to see WHERE we are now and if 𝐭𝐡𝐞 𝐖𝐨𝐫𝐬𝐭 𝐈𝐒 𝐑𝐞𝐚𝐥𝐥𝐲 𝐎𝐯𝐞𝐫. 🙏🙏

 

Sellers seems to be still lurking around and we have broken a 𝐊𝐄𝐘 𝐒𝐔𝐏𝐏𝐎𝐑𝐓 that I have talked about over the past few days too..

 

Clients were alerted when it happened and downside targets were reiterated.

 

𝐖𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐒𝐭𝐚𝐫𝐡𝐮𝐛, , another SG Telco company?

 

More bullish then Singtel or Equally weak? 🤦

 

I will dive into that as well to see where we are and 𝐖𝐇𝐘 you want to be careful for now,🤞

 

especially if we HOLD below some of the KEY Resistance levels for now.

 

Watch here >> https://youtu.be/wWxZk--1Ddg

 

 

 

Starhub: Downtrend still intact for now? Price 1.37.

Just about 2 weeks back, we saw Starhub approaching the 1.45 support level dangerously..

This level was crucial as we had been rebounding from it since the beginning of the year but now sellers were ready to test it again..

Trend indicators were also looking weak as we headed towards 1.45..

A potential breakdown was definitely on the cards..

Hence some downside target was drawn as seen…

Over the next few days, buyers indeed were not able to hold and just gave way.

And down we went with the 1.40 psychological level giving way as well..

Over the past week, we have seen some consolidation below 1.40 with some temp support at 1.35,

If that clears too, target can still be on tracked especially with downtrend firm for now.

See target that was reiterated as the bearish actions plays out…

Downside can still continue for now..

More for Shorts to be taken to ride any weakness, definitely would not want to be holding on to long positions blindly till there are any firm signs of upwards reversal…

Starhub: Some actions playing out as per target... More upside possible? Price 1.87. System revealed!

Over the past few days, we have seen Starhub approaching a key level..

A level that was holding for 3 months and sellers were just too strong all there while…

That level was 1.80…

We were around 1.78 and I was expecting an attempt to breach that resistance and hence some targets were drawn…

So Why were we alerted to this counter in the first place? Find out more below…

Well, we had a couple of SIGNALS on the system over the past few months, to the upside and then to the downside…

And entry then an exit… 1 to go in, 1 to go out!

But more importantly, we have one bullish signal recently with NO EXIT yet… see what I mean below…

Seems like we are still seeing more upside from the SIGNAL…

Want to know what goes on behind these signals and how it alerts us?

Attend a FREE workshop, dates next week are all filled..

Thankfully, my team has manage to secure new dates, no more planned after this so do register fast…. 


CLICK Here to Secure Your Seat before we fill again...

Starhub: Selling down further towards revised target.... Price 1.85. System?

Following up from previous blog post last month when Starhub was at 2.14 >>> http://singaporetradinginsights.blogspot.com/2018/05/starhub-more-selling-pressure-playing.html

We were expecting more weakness towards the 2.00 support level and more selling  if that gave way too…

Over the past 2 weeks, indeed we have seen this key support broken and more selling came back…

See below targets to the downside that were reiterated again recently…

We are still seeing selling with a new low today as well as it heads towards our 2^nd target at 1.80..…

May see some short covering near 1.80… and probably some technical rebound given the heavy sell down over the past week.

But would not not rule out more weakness on more specific bearish price actions below 1.80…

System had a 1ET Bearish entry signal recently with no exits…….

See what I mean below..

Looks like sellers are not ready to let go yet…

Want to get warnings like these in your inbox…. Be a client of Joey, click here to find out why.

Starhub: More selling pressure playing out as per downside target.... cautious long.. Price 2.14

Just about 2 weeks back, we were expecting an eventual breakdown below the 2.25 support level…

Downtrend still looks really intact especially below 2.40 which it just could not get above for more than a month…

And we also had some bearish signals on the PTI system.... shhhh.....

Anyway, some downside targets were drawn towards 2.10 then 2.00 as seen…

See downside targets below….

Over the past few days, we have indeed seen the support broken..

And looks like we are really on our way towards the 2.00 target…

Some temp support at 2.10 for now but likely to see more weakness towards 2.00 if that fails to hold too….

Cautious long, we can expect some good short covering near 2.00….

Want to get more ideas like this in your inbox FASTER plus more top Exclusive reports?

Click here to Open a trading account with Joey and his team, it’s free.  J

Weakness spotted !! Starhub, Spackman, Raffles Medical, M1, DairyFarm. More selling to come?

Over the past 1 – 2 weeks, we have seen strength in some of the counters that we have covered like Venture, Hi-P, YZJ Shipbldg and Citydev etc which have surged to a new high….

Calls were made to protect profits and also to lock in some gains given the run we have experienced…. 

We are still NOT seeing exits in some of them actually even though there are some profit taking which is normal after the rally… 

PTI grads can check system..

However, the market is not all good and rosy for some other counters.

In fact we have already spotted weakness in these counters whose downtrend has been continuing to play out as per our downside targets drawn over the past few weeks to months…

I hope no one is holding on to these counters blindly…

I mean why not think about riding the WEAKNESS of WEAK counters like some of us already have and may continue to do so?

Make sense?

For strong counters, we ride it up. For weak counters, we ride it down. It’s really that simple.

Anyway, cautious long position if you are still holding as mentioned in note to clients many times…

Not yet a client and want to be alerted OF DANGERS  like these ? >>> CLICK HERE

Let’s see what are the downside targets drawn and what was sent below..

Starhub – Still looks like heading towards our target at 2.50…. Not good when it broke the 2.70 last week already. Price 2.54

For illustration purpose only

M1 – A New recent low today again as it approaches 1.70 target, hope that holds too if not to 1.60 as drawn? Price 1.71

For illustration purpose only

Raffles Medical – 1^st target hit, what about the next one? Price 1.10

For illustration purpose only

Spackman – Pushing lower towards next target, price 0.105

For illustration purpose only

DairyFarm - Breaching next support... more selling below 7.50 possible. Price 7.48

Starhub: A sell down to a new recent low, then a rebound, is the selling really over? Let's see what the system says again.... price 2.77

Today, we have seen a NEW Multiyear low for Starhub with is hitting a low of 2.73……

Indeed quite a rapid sell down when it was just above 3.00 last week only…..

Have sent a few emails to client last week to take note but more importantly…

PTI graduates were already alerted to 2 BEARISH ENTRY SIGNALS on 3 Nov 2016 AS SEEN BELOW…

2 completely different strategies pointing to the same SELL signal…. How good is that…

Anyway, Sell entry price was at 3.25….. and down it went all the way till today where it hit a low of 2.73 before some short covering….

Can there be more weakness from here ???

To be honest, there are still NO EXIT SIGNALS YET, graduates can check so yes there can be more weakness…..

Thanks to a system for making things so much simpler for me and great to be able to share it with my students too….

4 more days to welcoming my next batch of Precision Trading Intensive program students…. Can’t wait….

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

Recent Emails:

Sent: Friday, November 18, 2016 8:54 AM
Subject: ******* Starhub: A move below 3.00 can see more selling, price 2.96

Sent: Monday, November 14, 2016 9:39 AM
Subject: ******** Starhub: May start to see some short covering near 3.00, target almost hit, price 3.03

For illustration purpose only

Starhub: May head towards 3.00 support next, cautious long, SELL signal has no Exit yet, price 3.08

From previous call, we have seen the 3.30 support break down and down it went quickly towards 3.10 next support.

Was holding above it for a few days and today we saw a sell down again below the key 3.10.

Note that we can see more weakness if it trades below 3.10 now with next downside target at 3.00.

Short term trend looks weak with MACD also pointing lower firmly. Cautious long.

For illustration purpose only

From the system, we actually had MORE Bearish Entry signals last week and down it went, see below

The first Bearish 1ET signal came on 11 AUG 2016 with an Entry price of 3.77 and it has been trading lower ever since.

Some exits seen but then again MORE SELL RE-ENTRY SIGNAL CAME BACK with it indeed heading lower.

For the Bearish signals last week, we still have NO EXITS yet so there can still be more weakness.

System aside, a short term negative with it below 3.10 now... cautious long positions.

Look forward to reveal to my next batch of students EXACTLY what goes on behind the signals and also give them private access to this very system, see you guys in 2 weeks time J

******** Accumulate on Dips: Starhub. Share price 4.31. ( Resistance at 4.40 strongly) REPOST - HAVE BROKEN up above the 4.40 resistance level NOW 4.45

REPOST – HAVE BROKEN up above the 4.40 resistance level, more upside can be possible as mentioned below

 

 

Posted 14 Oct 2013 (Monday) - Starhub has been trading consistently above the 20 DAY MA ( Green Line) for about a month and has rebounded upwards every time it nears this support. Current support at 4.30 which also coincides with this short term support line. Likely to consolidate from 4.30 to 4.40 within the next few days with resistance strongly at 4.40. This was the high set in Aug also which is attempted but failed to break. Can consider accumulating this defensive counter on market weakness and wait for the break of 4.40. For longer term investment, can buy more on dips below 4.15 level. A break above 4.40 can see it potentially go to 4.60 then 4.80 where profits can be taken first.

 

Maybank KE – 21^ST August 2013

StarHub: Green Is The New Gold; Upgrade to Buy TP $5.13
Ø  Upgrade to BUY. We think margin guidance is too conservative and StarHub can do better, especially if iPhone 5S disappoints. Also, now that BPL cross-carriage is sorted out, we think Pay TV subscribers losses will reverse as early as 3Q13. Ø  We also like the new CEO’s enterprise-oriented strategy to drive future growth and margins. Mr Tan wants fixed network services to be the second largest contributor (now 15%) after mobile (50% of revenue), given that enterprise margins are higher than consumer.Ø  The stock is now a BUY with a Street-high TP of SGD5.13. Our DCF-based TP has been raised following 3-7% upward revisions to FY13-15 forecasts and a higher terminal growth rate.

 

 

******* Accumulate on Dips: Starhub. Share price 4.31. ( Resistance at 4.40 strongly)

Starhub has been trading consistently above the 20 DAY MA ( Green Line) for about a month and has rebounded upwards every time it nears this support. Current support at 4.30 which also coincides with this short term support line. Likely to consolidate from 4.30 to 4.40 within the next few days with resistance strongly at 4.40. This was the high set in Aug also which is attempted but failed to break. Can consider accumulating this defensive counter on market weakness and wait for the break of 4.40. For longer term investment, can buy more on dips below 4.15 level. A break above 4.40 can see it potentially go to 4.60 then 4.80 where profits can be taken first.

 

Maybank KE – 21^ST August 2013

StarHub: Green Is The New Gold; Upgrade to Buy TP $5.13
Ø  Upgrade to BUY. We think margin guidance is too conservative and StarHub can do better, especially if iPhone 5S disappoints. Also, now that BPL cross-carriage is sorted out, we think Pay TV subscribers losses will reverse as early as 3Q13. Ø  We also like the new CEO’s enterprise-oriented strategy to drive future growth and margins. Mr Tan wants fixed network services to be the second largest contributor (now 15%) after mobile (50% of revenue), given that enterprise margins are higher than consumer.Ø  The stock is now a BUY with a Street-high TP of SGD5.13. Our DCF-based TP has been raised following 3-7% upward revisions to FY13-15 forecasts and a higher terminal growth rate.