Thursday, 3 May 2018

Is it time to buy Venture Corporation (V03)? - 03 May 2018


Venture Corporation is currently on a steep downtrend after its customer Phillip Morris International’s (PMI) slower 1Q18 growth of I Quit Ordinary Smoking (IQOS) e-cigarette products in its key market of Japan.
https://seekingalpha.com/article/4167755-philip-morris-really-just-lose-30-billion-market-value-week

Since 20 April 2018, Venture has be the top selling stock from institutions based on SGX Institutional and Retail fund flow weekly tracker.
http://www.sgx.com/wps/portal/sgxweb/home/marketinfo/market_statistics

From the above chart, Venture price is currently supported at $18.64 based on the resistance turned support on 30 Oct 2017. 

The immediate resistance is at $19.76 and if the stock is able to break this resistance it will turn into a support line.

The next resistance will be at $21.45 which will turn to support if it is able to break as it did on 03 Jan 2018.

CapitaLand (C31) Weekly Chart - 03 May 2018

CapitaLand still a solid 'buy' despite 1Q earnings tumble

https://www.businesstimes.com.sg/companies-markets/brokers-take-analysts-maintain-buy-on-capitaland

CapitaLand weekly chart shows uptrend since start of April 2018.

The current price support is at $3.73 and next support is at $3.68.

The current price resistance is at $3.79 and next resistance is at $3.82.

Tuesday, 18 July 2017

M1 (B2F) - 18 Jul 2017

Storm clouds darken over M1 as takeover plans fall through
https://www.theedgesingapore.com/storm-clouds-darken-over-m1-takeover-plans-fall-through

M1 weekly downtrend resumes in June 2017.

The price gaped down today after 2Q earnings falls 21% to $32.5 mil.

The current price support is at $1.95 and next support is at $1.86.

The price resistance levels are $2.01 and $2.06

Monday, 17 July 2017

Keppel DC REIT (AJBU) - 17 Jul 2017

Keppel DC REIT 2Q DPU up 4.2% to 1.74 cents
https://www.theedgesingapore.com/keppel-dc-reit-2q-dpu-42-174-cents

Keppel DC REIT has been on a good uptrend since Mar 2017.

Technically upside is limited at resistance $1.325 and next resistance is at $1.335.

Price support is currently at $1.315 and $1.295.

Sunday, 16 July 2017

SPH (T39) - 14 Jul 2017

SPH's net profit down 45.2% to $28.9m


Singapore Press Holdings Limited (SPH) is on a long-term downtrend.

The weekly chart shows support at $3.02 and next support level is at $2.97.

The resistance levels are at $3.07 and $3.16.

Stochastic shows oversold.

If you still like to buy this stock, it will be better to wait for a firm support before buying it.

Tuesday, 20 June 2017

Noble (CGP) - 20 June 2017

Indebted Noble confirms bank loan relief, shares climb further


Noble weekly chart shows a strong price support at $0.285 and resistance is at $0.520.

Stochastic is at oversold region and turning up.

Sunday, 21 May 2017

SIA (C6L) - 19 May 2017

Surprise Q4 loss sends SIA shares diving 7.25%


SIA weekly chart shows that the weekly uptrend is broken after the Q4 results.

The technical support for SIA is at $9.95 and next support is at $9.84.

The technical resistance is at $10.04 and the next resistance level is at $10.13.

Thursday, 18 May 2017

SingTel (Z74) - 18 May 2017

Singtel not immune to competition, as Indian operations hit earnings


SingTel weekly chart shows that is it trading side ways for the past 5 weeks.

The technical support level is at $3.71 and the next support is at $3.62.

The resistance is at $3.76 and $3.81.

Monday, 15 May 2017

SingPost (S08) - 15 May 2017

SingPost slides 4.3% after TradeGlobal writedown


SingPost weekly chart shows a long-term downtrend since the peak in October 2016.

The current price resistance is at $1.365 and next resistance level is at $1.40.

The price support levels are at $1.320 and $1.270.

Wednesday, 10 May 2017

OCBC (O39) - 09 May 2017

OCBC Q12017 profit rises 14%, driven by wealth management business


OCBC is on a strong uptrend since my previous post.

The current support levels are $10.40 and $10.22.

The technical resistance levels are $10.51 and $10.61.

Stochastic is currently at over-bought region.