Great Eastern: Downtrend to continue for shorts? Sellers still seems to be in charged! Price 21.75

Just 3 weeks back, we spotted Great Eastern approaching the KEY 23.00 support dangerously…

It has been pushing lower after each consolidation since August and hence there were definitely some signs of weakness…

In fact, trend indicators were also pointing to more downside…

Some downside targets were drawn with a potential break down of 23.00 expected eventually..

See what I mean below…

Buyers seems like that were not able to hold any longer and sellers were attempting to regain control again..

Over the next few days after spotting, indeed, the break down occurred at 23.00 and sellers took price lower…

Target were again reiterated with a sell down towards 22.00 expected next…

That was the next crucial support based on prices 2 year back where it held,

And this is also where we may start to see some short covering.

Downtrend was intact on this move down…

Last week, we traded lower towards 22.00 and seems like this support has given way as well..

Which opens up the way to our next target towards the psychological 20.00 as drawn all along..

With price holding below 22.00 now, still looks bearish and sellers can continue to push lower after a slight breather…

For those who have taken shorts earlier, would be good to start protecting profits while riding further…

More for CFD Shorts to profit from the downside rather that just holding on blindly to long positions..

Will be looking to see when target at 20.00 can be hit eventually…..

Bukit Sembawang: Selling still not stopping? To ride downside further.... Price 4.76.

Just about 2 weeks back, we spotted Bukit Sembawang heading towards the key 4.95 – 5.00 support level..

This level was definitely one to watch as we have been holding above for more than 2 years and..

We have rebounded from it about 3 times..

But this time, things seem to be different with some signs of weakness creeping in.

From the trend indicators, some downside was also starting to show….

And hence some targets were drawn for a potential breakdown… see what I mean…

First target to 4.60 first…

Last week, more selling came and buyers were just not able to hold above the support at 4.95 as mentioned earlier…

Sellers managed to regain control and were ready to take prices lower..

Managed to see selling all the way to 4.80 where there were some slight support…

But downside targets were again reiterated, to 4.60 then even lower to 4.40 if that fails to hold too..

Over the past few days, seems like 4.80 is not holding either….

More downside possible from here…

Hope that no one is holding on to long positions… More for shorts with CFD to ride further weakness while protecting profits…

See where we are below and targets drawn which can still play out…

BreadTalk: Sellers still not letting go? Price 0.595. Downtrend firm for now...

Just about a month ago, we saw more weakness in BreakTalk with it heading towards the next support at 0.63..

This level was key as we had seen support above here more than 2 years back in 2017..

Buyers were likely to come back for some short covering,

However, more downside was still possible, especially with the downtrend indicators pointing firmly to more selling…

Hence, targets were reiterated to the downside with a potential breakdown below this 0.63 level expected…

See what I mean below…

2 weeks passed and indeed, the 0.63 support gave way,

Buyers were just not able to hold any longer as expected…

Targets were reiterated again all the way towards 0.50 with some temp support at about 0.55..

Sellers seem to be willing to push even lower towards target….

There were some consolidation above 0.60 but short term downtrend can continue imo with indicators still bearish…

Fast forward and over the past few days, we have seen the 0.60 psychological support broken too…

We can expect more selling towards target with downtrend intact…

Definitely would not want to be holding on to this counter blindly for now.. More for CFD shorts to ride further weakness…

Not too sure how low it can go, but so far, we have seen more weakness after some slight consolidation,

Forming lower lows as a result which is not a good sign…

Let’s see when downside targets can be hit… maybe soon?

Penguin Intl: Uptrend still continuing strongly? Pushing higher for now... Price 0.61

Just about 2 weeks back, we spotted Penguin approaching the 0.55 resistance which it had traded below for more than a month..

There were some signs of bullishness and also the potential for this key obstacle to give way..

The trend was slowly firming up to the upside and buyers seems to be willing to push more after each consolidation..

Hence, some target were drawn with the first one to 0.65..

See what I mean..

Just last week indeed, we have seen the 0.55 level lifting off where it neared 0.600..

And some profit taking…

Was expecting some consolidation again before further upside..

Targets reiterated upwards with support at 0.55 now..

Potential for it to break the 0.60 to push higher… See what I mean..

Seems like we are indeed seeing more bullish price actions coming back today with 0.600 sellers cleared.

Trend indicators are still looking positive on this move where uptrend can still continue..

Target revise higher to 0.700 as seen below for the updated chart..

Will see how far it can push..

Likely to see some profit taking along the way, especially near 0.700 before some consolidation again…

Quite a good run so far over the past 2 weeks.. See where we are below now.

Ying Li Intl: Selling pressure to continue further after a rest? Price 0.102. Cautious.

Just last week, we saw some pretty bearish actions in Ying Li with it breaking the 0.110 support…

There were already signs of weakness, especially with all the short term moving averages starting to point down and more importantly,

With prices breaking below them..

The bearish move below 0.110 can see more selling with first target at 0.100, the psychological level where some would want to do some short covering…

Some targets were drawn as seen below..

Over the past few days, we have indeed traded lower and have touched the 0.100 key support for now..

As mentioned, buyers were back which is normal given the heavy sell down..

Short covering seen for now where those who shorted previous would like to consolidate positions and take some money off the table..

Our 2^nd downside target as drawn above may not be over and can still play out..

Reiterated once again below where any bearish price actions can see the selling continue…

Likely to see some consolidation above 0.100 for now.. but watching for further weakness..

Downside to 0.080 as drawn?

Cautious long positions if 0.100 psychological support gives way, more for shorts to profit from more weakness if it does happens, let’s see…

Keppel DC Reit: Uptrend to continue further with revised targets? Price 2.07.

Just last month, we saw Keppel DC Reit approaching the key 1.75 resistance bullishly…

It has been trading below this level for about 3 months and hence any firm move above can be a good signal of more upside..

More importantly, it was holding firmly above its key moving averages where the uptrend still look pretty intact…

Buyers seems to be ready to take it higher and therefore,

Some targets were drawn towards the 2.00 psychological level as seen below..

Over the past 1 months, we have indeed seen more upside with the occasional profit taking..

It hit 1.90 before some sellers returned to take it lower but buyers were not letting go,

A rebound again and finally 2.00 target hit today..

In fact, it’s quite a bullish move above 2.00 where the uptrend can still continue to play out…

A positive above 2.00 where it may consolidate for a while before more upside..

Some selling near 2.10 expected given the spike up seen over the past few days but the strength may not be over..

Let’s see where we are below..

SGX: Uptrend may still carry on despite recent rise. Price 8.52.

Just last month, we saw some bullish actions with SGX attempting to break the key 8.10 resistance level..

It has been trading below since last year and sellers were just out there to take it lower,

But finally, it gave way…

More importantly, there were some signs of the uptrend taking shape on this move hence,

Some targets were drawn as seen below..

Towards 8.50 resistance which was the previous high seen last year.. See what I mean..

Indeed, we traded higher and hit a road block at around 8.30 where we consolidated below for about 3 weeks…

There were still signs of the short term upside continuing as seen from the 20 day MA, pointing upwards firmly with price holding above..

And we were looking for that firm break above 8.30 with targets reiterated towards 8.50 again…

It was also still holding firmly above 8.10 new support despite market weakness and with profit taking..

Over the past 1 week, target at 8.50 has been hit and it broke through as well,

For now, seeing some heavy selling at 8.60 where it is taking a breather below..

Normal, given the spike we have seen over the past month…

For now, seeing some consolidation again from 8.40 to 8.60 where the upside push may not be over..

Would be looking for more bullish price actions above 8.60 where targets can be revised higher again as seen below..

Let’s see, watching for now as we consolidate… to 9.00 next as drawn below?

Mapletree Com Tr: Uptrend to continue as per targets? Price 2.25

Just last month, we have seen Mapletree Com Tr consolidated sideways from 2.0 to 2.10 quietly…

It was kind of taking a breather with its uptrend still looking good..

But market was weaker and sold off with the US China trade tensions escalating but this counter was still pretty defensive..

Holding firmly above 2.00 as seen below..

Was expecting a rebound from this level and eventually for it to break the 2.10 mark to push higher, hence some upside targets were drawn…

About 2 weeks back, finally, we managed to see an attempt to break the 2.10 resistance as mentioned,

Target to the upside was reiterated again as seen below..

To 2.20 first where we may see some profit taking..

Uptrend still looks firm from the trend indicators…

Over the past week, the 2.20 target and resistance gave way to more strength as well and we have hit a high of 2.30 before sellers came back..

Some consolidation seen for now above 2.20 which is normal given the rise we have seen..

Uptrend still looking good above 2.20 and we may see it continue on more bullish above 2.30 where target can be revised higher…

Watching for now… Let’s see..