𝐖𝐡𝐢𝐜𝐡 𝐢𝐬 𝐭𝐡𝐞 𝐁𝐞𝐬𝐭 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐭𝐨𝐜𝐤 𝐀𝐟𝐭𝐞𝐫 𝐀𝐁𝐒𝐃 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 | 𝐂𝐢𝐭𝐲𝐝𝐞𝐯, 𝐏𝐫𝐨𝐩𝐧𝐞𝐱, 𝐀𝐩𝐚𝐜 𝐑𝐞𝐚𝐥𝐭𝐲, 𝐔𝐎𝐋, 𝐖𝐢𝐧𝐠 𝐓𝐚𝐢

 

Over the past week, the Singapore government had announced another NEW property cooling measures which is to increase ABSD, Additional Buyer Stamp Duty.

 

This was to cool the property market and make sure they don't run ahead of economic fundamentals as private property prices started to inch higher in 1st quarter 2023.

 

 

Are property stocks affected by this announcement and more importantly what is the best property stock to watch now for potentially more upside?

 

Watch this video as I do a quick analysis of the top Property blue chips stocks in Singapore and see if you can ride them for more gains.

 

Discover which is the best property stock as of now > https://youtu.be/N7_up9t1uPk

 

 

UOL: The start of its Uptrend continuing? Price 8.23. Looking bullish!

Just last month, we saw UOL approaching the key 8.00 resistance..

This was definitely a key level to watch as we have been trading below this level since June 2018 and so far buyers have not been able to break upwards…

There were already some signs of the uptrend taking shape from the trend indicators so was expecting a bullish move soon..

Just not so sure how soon..

But if we spot any bullish price actions above here, it can be a good signal..

So this counter was definitely in my watchlist for more upside..

Targets were drawn as seen below to 9.00 first…

Over the next few weeks, we have indeed broken the 8.00 but unfortunately, there was some consolidation again with it trading back to 7.60..

Sellers were out to take it lower on profit taking and also on some market weakness… however,

Some good support came back over the past few weeks at 7.70 and we were back to test the 8.10 level again..

Moving averages were looking good still despite the profit taking earlier…

Targets were reiterated with a potential move up again, see below..

Over the past few days, seems like we are seeing an attempt to push higher again…

Targets are reiterated as per below where the uptrend can continue…

It may be heading towards 8.50 – 8.60 first where there can be some profit taking along the way…

Finally some bullish actions returning after more than a year..

Watching to see how far this reversal can go…

See below where we are now…

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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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UOL: Still looking strong... Price 9.07. System Revealed!

Slightly more than 2 weeks ago, we spotted some really solid price action in UOL with the 8.20 level giving way.

Buyers started to come out in full force thereafter and a chart was drawn with some targets…

It started to show some actions last week and we then revised our target higher to 9.00….

Seems like even that gave way today too.... See what was drawn last week...

For illustration purpose only

With the move today, targets can be revised higher towards 9.50 then 10.00 probably. Uptrend still looking strong above 9.00 now... Protect ;)

What about the System which first alerted us to this counter? 

Well, we are still NOT SEEING ANY EXITS .......  exits on what?

Exits on the 1ET bullish signals we had on 2^nd  Oct 2017, about 2 weeks ago, Entry price 8.21.

This was even before it started it’s actions....

See what I mean below. Revealed!!

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For illustration purpose only

UOL: Target hit as predicted and some profit taking seen..... Price 7.98.

About a month ago in May we actually spotted this stock call UOL approaching its key support at 6.80 and a note was sent out…

Was looking at a pretty good rebound where one can possible accumulate since the trend was up too then….

See chart that was sent out on the 18^th May where price was about 6.86…. where we predicted a rebound to probably about 7.30 short term target…

Indeed the rebound occurred over the next few days and it hit 7.30……

But then we saw some new price action about 2 weeks ago again….

And another note was sent out, of course with a new chart with a new HIGHER target again….

See chart below again… Target raised to 8.00…

Today, have seen our target at 8.00 hit and also a slight breached through today.

But seeing some profit taking for now near 8.00 which is normal  given the spike experience today where some might want to take some money off the table...

Arrows drawn has indeed played out nicely over the past 2 months and over the past 2 charts..

Upside may not be over but would also be good to lock in some profits and protect J

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UOL: More weakness seen again..... now at 5.30..... wow Brexit really happened !!! Amazing...

We have indeed seen a breakdown below the 5.40 support level as mentioned.....

A note this morning and .....

More selling again....

Now at 5.30

Where to? Heading towards 5.00 as mentioned?

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Recent calls:

Sent: Friday, June 24, 2016 11:02 AM
Subject: ************* UOL: A breakdown below 5.40 can see more selling pressure.... price 5.36

Sent: Wednesday, June 15, 2016 4:05 PM
Subject: *************** UOL: A potential ride down by shorting if price action shows something.... wait... not yet...... price 5.42