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 )

China Everbright Water TA - yet to show better hint

Current price 0.46

TA
After touching high of 0.510, it retreating to break 0.49 support, 0.47 support and now reaching 0.455 support. 0.455 is a relatively strong support as the line cut this level multiple times, next support are 0.428 and 0.405. However, volume is not so encouraging to give any hints of next movement (whether it is bottoming)

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

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

Daniel Loh on Air 170727 - No bear market this year

Summary

Continue stay cautious on US market as it runs up too high.

Question on whether bear market will happen this year? His reply:
No bear market this year as so far there is no such symptom 
Bear market phases:
1st phase - sliding down quietly ( usually unnoticeable )
2nd phase - panic selling ( prices move down sharp and furious )
3rd phase - capitulation ( investors become hopeless and sell everything )

Oil - short term is reaching resistance. It may pull back to $44 region in short term. Stay cautious with oil related counters.

Expect STI to trade within this range 3280 - 3400 till year end.

Source : Radio Capital 95.8 FM

OCBC in long term bullish trend

OCBC broke up multi year high resistance at 11.2 which was set in 2013. It is in long term bullish trend

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

DBS TA - bullish for now

After breaking up the resistance at 20 in May 2017, it traded in the range of 20-21. Upon breaking up the resistance at 21 recently in Jul 2017, now it is heading to next multi year high at 21.5 which was set in Jul 2015.
From TA point of view it is in bullish uptrend, watch for this critical resistance 21.5, if it does break up convincingly (well above 21.5 and held up for week) then it will be very bullish because it has no resistance reference from the past.  If it does not, it may head back to the trading range of 20-21.

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

Daniel Loh on Air 170713 - cautious in equity, favour gold

Summary

Cautious on US market as it runs up too high.
Wait for deeper correction ( around 5% ) before considering to invest in US market.
S&P 500 resistance at 2500

Gold - strong support at 1200. At current level, it may rebound.

Looking to invest in sectors which have not run up yet in Singapore market eg
Telco, Commodities, Medical

Cautious on Hong Kong Market as it has run up too fast. Suggest to take profit.

Source : Radio Capital 95.8 FM

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.

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.

Daniel Loh on Air 170601

Summary

US overnight dragged down by banks, about -2%, caused by profit warning. cautious advice to investors that invest in banks

Oil also dragged, drops about $2. Continue expecting trading range to be 44 -52, ie long on support, short on resistance
At current level at 48, he continue to have bearish view on oil and may trend down to revisit 44

Continue favour REITs

Shanghai index strong support 3000 - 3050, suggest to long around this range. Overall big range is 3000 - 3300

Source : Radio Capital 95.8 FM