Chart - BanyanTree

This is a very ‘nice’ evening doji star formation (for candlesticks) on Banyan Tree, which will likely see short term weakness and correction back to the 105 region.  Happy trading.

Chart - StarHub

This is another counter in my SRS account which I bought some time back when it was 2.08 for my retirement account.  Sometimes I wonder why I can’t be as patient when I have a  bigger position vis-à-vis a smaller one.  The counter looks bullish as it breaks new high and I am also not complaining about the generous dividend which it gives out every quarterly.

 

Dividend – This is one key criteria I have for long term investing for my SRS account.

Chart - Biosensors

Biosensors is a beneficiary of DBS buy call recently but beware of chasing the highs as the fall can be painful as well.  The counter looks likely to face correction pressures down to the 90c levels again in the coming weeks.

Chart - Yangzijiang

YZJ is showing signs that it has run out of steam and is facing short term correction pressures. A possible swing ‘short’ trade with a target around 160-165 and a cut loss above recent high.

Chart - Straits Times Index (STI)

Let’s take stock of how the STI is performing. STI is showing signs of corrections and it will be confirmed by the parabolic being triggered together with the bearish crossover of the MACD. Watch out for those 2 technical signals, which I use regularly for swing trades.

Chart - Hiap Seng

It is extremely amazing how powerful DBS research is these days. It started with its buy call on Biosensors, followed by JES, followed by Hi-P and today it is Hiap Seng. All the stocks it covered “gap up” upon coverage.  Are the good old days are back?!?!  Anyway, Hiap Seng showed a long red candle today where it gap up on opening and then closed at its low. This is a bearish candle where short sellers can short with a buy stop slightly above today’s high. Do be careful if you are those who ‘buy at whatever opening price’ cos the good times won’t last forever.   

Chart - SATS

A possible swing trade back above $2.90-$3.00. With SIA doing so well, SATS shouldn’t be too far off as well. Happy trading.