Market Sense

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CK Choy.

Market Sense 市场意识: TA
Be decisive, Be patient, Don’t be greedy, Don't be stubborn

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The information contained in is provided to you for general information/circulation only and is not intended to nor will it create/induce the creation of any binding legal relations. The information or opinions provided do not constitute investment advice, a recommendation, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise.

You should seek advice from a financial adviser regarding the suitability of the investment products mentioned, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to purchase the investment product. In the event that you choose not to obtain advice from a financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest.

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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)
Showing posts with label TA. Show all posts
Showing posts with label TA. Show all posts

Tuesday, 18 June 2019

Singtel Mid Term TA

After hitting 2.83 low at the bottom line of downtrend channel (mid term chart), Singtel has been rebounding to near the upper line of the downtrend channel. 3.36 marked the 11-months high.
To break up the downtrend channel, first level to watch in short term (about a month) is 3.4. We are watching if downtrend channel will be successfully broken up. If not successful, suggest to take profit around 3.3-3.4.
Mid term chart (Source: Poems Mercury live chart) TA view for illustration purpose only


Monday, 17 June 2019

Hang Seng Index Long Term TA update

Long term (Monthly chart) trend shows in short term (about months) cannot break below 26k or else the long term uptrend will break down
Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only


Wednesday, 20 February 2019

Hang Seng Index Mid Term Update

Touching mid term resistance at 28600
Mid term weekly chart (Source: HSI weekly chart) TA view for illustration purpose only



Thursday, 25 October 2018

Hang Seng Index Long Term TA Update 181025

Update from
Hang Seng Index Long Term TA Update
As prediction
Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only

Continued from Hang Seng Index Personal View using TA
As of today HSI closed at 27244. Prediction of next stronger support around 24809 to 25441

Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only


Wednesday, 5 September 2018

Hang Seng Index Long Term TA Update

Continued from Hang Seng Index Personal View using TA
As of today HSI closed at 27244. Prediction of next stronger support around 24809 to 25441

Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only


Wednesday, 11 April 2018

Suncity TA

It consolidated to a low around 0.464 and stay flat with low activity from Aug 2017 to Jan 21 2018.
From 22 Jan 2018 started to ramp up and hit high of 1.19
As of now at 11 Apr 2018 1.26pm, price at 0.8.
Level to watch
1.00 - short term resistance
0.80 - first critical uptrend support
0.74 to 0.6 - second support range with mid level at 0.7

(source : Poems Live Chart ) TA view for illustration purpose only


Monday, 9 April 2018

Hang Seng Index Personal View using TA

After hitting the top at 33510 on 29 Jan 2018, Hang Seng Index, HSI reversed down and hit a low at 28570 on 10 Feb before rebounding to a lower high to around level 32000. From here it is consolidating down again and a downtrend channel was drawn on the short term daily chart, connecting the top 33510 and the lower high of 28750. As of current 9 Apr 2018 2pm HSI traded around 30200 level, where it is around the mid point of consolidating channel.

For short term movement, traders can consider sell into strength when it traded near to channel resistance around 31000 and above; and buy for a short term rebound near support level around 29000 level and below. (refer to short term daily chart)

Critical point to watch, using HSI long term monthly chart as reference, if support level 28605 break down convincingly, it may hint HSI uptrend run has ended and downtrend to begin. 

Short term news/situation to watch
1)Trade war, especially between US and China...(but my personal view is there will not be negative outcome afterall)
2)Tech counters to continue consolidating? The current bull market run from 1 Feb 2016 low to 2018 has been mainly driven by technology stocks or NASDAQ boom... if tech counters were to fall back for a correction phase, it will drive to a deep pull back or market correction usually about 20%.
Long term monthly chart (Source: HSI monthly chart) TA view for illustration purpose only

Short term daily chart (Source: HSI daily chart) TA view for illustration purpose only


Wednesday, 4 April 2018

SGX TA and FA

SGX plunged to low 7.2 on Feb 2018 when lost Indian derivatives business but rebound to 7.7 after announced will list successor products http://www.straitstimes.com/business/companies-markets/sgx-to-roll-out-nifty-successor-products-before-august
Phillip's latest research report on 14 Feb 2018:
Singapore Exchange Limited Market volatility will drive growth
As of now, SGX is traded at 7.28, near to the previous low support at 7.2.
Recommendation : can test water by buying a bit at the range of 7.28 - 7.2

(source : Poems Live Chart ) TA view for illustration purpose only


Friday, 2 February 2018

Singpost results and TA

Q3 Fy2017/18 Net Profit Attributable S$43 Million Versus S$31.4 Million
Dividend Of 0.5 Singapore Cent Per Share Declared
Qtrly Revenue S$412.8 Million Versus S$369.4 Million

support/resistance: 1.23 1.30 1.40 1.48 1.59 1.69 1.80 1.93
3 year chart (source : Poems Live Chart ) TA view for illustration purpose only




Monday, 16 October 2017

Geo Energy FATA

TA ( Technical Analysis )
Support and resistance as shown: 0.355, 0.310, 0.28, 0.255, 0.225, 0.19, 0.135, 0.12

FA
Commodities sector is as good as a defensive sector as of now. We may not expect a commodities boom like old age, as current economy is more on technology driven rather than conventional business driven like energy and resources.
But on the bright side, China economy is showing sign of picking up, if it does, the huge demand from China population will spur the growth of commodities price too..and I believe price will be slowly strengthen up

At current price of 0.27, it trades at P/E about 5 - 10 (average up the yearly profit). If it were to hit the fair value price of 15, it will be 0.81 ( from P/E 5 to 15 ) or 0.4 ( from P/E 10 to 15 ). But because of commodities and resources not a favorable sectors now, it is good we use P/E 10 as fair value.. so the best potential for the price to reach P/E 10 is about 0.27 to 0.54 

Mid to long term analysis (source : Poems Live Chart ) TA view for illustration purpose only



CSE Global FATA

TA ( Technical Analysis )
Support and resistance as shown: 0.565, 0.52, 0.485, 0.455, 0.415, 0.36, 0.33
After breaking down the long term support level at 0.415, CSE establishing a long term bearish trend. If have faith and wish to buy on dips, suggest to wait for a bottom consolidation line to be formed first, the consolidation bottom level should hang near to flat level for at least 1 to 6 months depending on the volume indication.
Conclusion: bearish

recent activities and news that could be the main reason for CSE price being beaten down:
- 2Q17 recorded net loss of $13.8M
- CSE to pay US$12m as settlement for a potential civil liability to U.S. Department of the Treasury' s Office of Foreign Assets Control.
- The alleged violations arose from payment in USD for rendering non-US goods to Iran.

- CSE Global is expected to recognise a 2Q17 net loss arising from the one-off charge.

Mid to long term analysis (source : Poems Live Chart ) TA view for illustration purpose only



AEM FATA

current price 2.79
TA ( Technical Analysis )
Support and resistance as shown: 2.96, 2.77, 2.57, 2.34, 2.05, 1.74, 1.4, 1.18
It needs to break above 2.96 all time hight before it can resume its bullish uptrend

Using P/E to guide the fair value:
Current price 2.79 at P/E around 10.8
When it hit fair value 15, estimated at 2.79 * (15/10.8) = 3.88

TA ( Technical Analysis )
Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only



A-Smart FATA

TA ( Technical Analysis )
Support and resistance as shown: 0.84, 0.795, 0.740, 0.7, 0.64, 0.575, 0.505
Mid to long term analysis (source : Poems Live Chart ) TA view for illustration purpose only

FA ( Fundamental Analysis )


Tuesday, 8 August 2017

DBS - consolidation upon negative news

On 4 Aug 2017 DBS share price reacted accordingly to the following negative news:
DBS shares down on warning of higher provisions over O&G stress
http://www.businesstimes.com.sg/companies-markets/dbs-shares-down-on-warning-of-higher-provisions-over-og-stress

Technical charts analysis
After DBS share price successfully broke above 21.5 multi year high, it marched to high at 22.25, from there it broke down again the 21.5 support and subsequently below 21 mark.
The next immediate support is 20.55
and the stronger immediate support is at 20.24
next supports will be 19.45, 18.73 and 18.13 as shown below:
Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only


Wednesday, 28 June 2017

Talga Gold LTD (ASX) TA update (short term)

After touching all time high at 0.915 it pulled back and breached 1st support at 0.7 and subsequently it breached 2nd support at 0.6 support. On 20 Jun it was trading near the 3rd support around 0.52. We bought in at 0.53, the lowest it hit was around 0.515. Today, 28 Jun, it is touching the first resistance at 0.61, 2nd resistance is 0.7 and there is an intermediate resistance around 0.655.

Short term analysis (source : Poems Live Chart ) TA view for illustration purpose only.



Monday, 5 June 2017

Talga Gold LTD (ASX) TA update (short term)

After touching 0.6 support at 5 May 2017, it rebounded strongly to 0.8, then pull back and today it touches below 0.6 support.
Short term resistance/support to watch 0.7, 0.6 and 0.52

Short term analysis (source : Poems Historical Chart ) TA view for illustration purpose only.


Wednesday, 3 May 2017

Talga Gold LTD (ASX) TA update

After making all time high at 0.915, Talga is consolidating down and establishing a downtrend channel 
Short term support at 0.6. 
It needs to break above 0.7 - 0.75 to come back to bullish uptrend

Short term analysis (source : Poems Historical Chart ) TA view for illustration purpose only.


Tuesday, 18 April 2017

Singtel TA

Singtel enjoyed a good run-up since Jan this year, after breaking up the range of 3.66 - 3.72, it moved up to a trading range of 3.72 - 3.85 then 3.85 - 4.
Recently it moved back down fast, as of today it is near to the lower level of 2nd range of 3.85 - 3.72. For a defensive good dividend yield play, this counter is one of the good choices (potential grow ie capital gain plus dividend return). Accumulation may start from here... if break below 3.71, next trading range will be 3.6 - 3.71 with mid price about 3.66
TA view for illustration purpose only.
Short to mid term analysis (source : Poems Historical Chart )

Monday, 17 April 2017

CSE Global TA

For illustration purpose only.


Monday, 10 April 2017

Talga Gold LTD (ASX) TA

After breaking out from 0.35 resistance, Talga marches up to the range of 0.35 - 0.435 for a period 10 Jan 2017 to 27 Mar 2017. Upon breaking up the 0.435 resistance there is no visible resistance until 0.77 which was set during 5 years ago around Apr 2012.
This few days observation, the range is 0.5 - 0.61 with mid range about 0.555
As of now 10.56am 10 Apr 2017, it quoted at 0.57
TA view for illustration purpose only.
Long term chart (source : Poems Historical Chart )

Short term analysis (source : Poems Historical Chart )