Market Sense 市场意识: November 2016

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Note:

All TA (Technical Analysis) view using charts are for illustration purpose only.

Unless otherwise specified, all charts' sources are from POEMS(Phillip Online Electronic Mart System)

Tuesday 29 November 2016

TA on banks

by ckchoy

Bank stocks have good rebounds started around 8 Nov. The rebound last about 3 weeks till now and all of them have successfully breached their mid term resistances. Eg 16.8 for DBS, 9 for OCBC and 19.98 for UOB

Today all the bank counters look to face a short term resistance.
Short term support level to watch: About 17.14 for DBS, 9.01 for OCBC and 20.02 for UOB. If these levels could not be held, it may hint for further pull back to lower levels

Thursday 17 November 2016

OCBC TA

TA view for illustration purpose only.

Bank stocks rise up in anticipating US going to hike rate( tend to a bit aggressive hike ) after Trump's victory in US president election.
Technical analysis, TA show support/resistance 8.7, 8.88, 9. As of today, OCBC ranges at 8.73 - 8.84. The current uptrend may challenge the 8.88 resistance, next will be 9. We will see where OCBC facing tough resistance in short term before deciding for profit taking.

(source : Poems Historical Chart )

Friday 11 November 2016

Singtel FATA

TA view for illustration purpose only.

Singtel broke immediate support 3.76 upon reported 5.6% drop of net profit in Q2.
From fundamental analysis, FA point of view, singtel dividend yield of 4 to 5% is reasonable attactive. P/E about 15 is about fair value.
For technical analysis, TA lover, next support to watch is 3.65 and 3.53.

(source : Poems Historical Chart )

(source : Poems Stock Analystic)

Friday 4 November 2016

HSI follow up after breaking down critical support

by ckchoy

Previous post HSI in danger, first sign of breaking down critical support

After breaking the critical support (about 22774). Today touched above slightly and snap back. Looks like the support is turning resistance.

Thursday 3 November 2016

HSI in danger, first sign of breaking down critical support

by ckchoy

Refer to previous post:
HSI at critical junction for mid/long term trend determination

HSI now just below 22770 support, downtrend chance might have begun, next target 21800

Market Sense

Market Sense 市场意识