Month-End/Quarter-End/Half-Year Window-Dressing - 30 June 2016

Today's month-end/quarter-end/half-year window-dressing saw very heavy volume traded which was not seen for many months. There were a total of 1,496,551,055 shares traded with a value of S$1,769,633,508.

If you have read my article last month on window dressing, I did mentioned that you can try selling your blue chip shares during marketing matching just before market opens and buy back later during the day.

This was very obvious today. From the stocks shown above, most shares opened the day's high and closed lower. This maybe the work of fund managers. 

You may want to see if this happens again on 29 July. I do not expect to see such heavy volume for the next window dressing.

M1 (B2F) - 29 June 2016

Investors take shelter in resilient telco stocks amid escalating market turmoil. http://sbr.com.sg/telecom-internet/in-focus/investors-take-shelter-in-resilient-telco-stocks-amid-escalating-market-tu

Technically, M1 broke the $2.60 resistance level and closed day's high at $2.69 with high volume. Importantly it also closed above the 200-day Moving Average.
There can be more upside if it can break the $2.70 level which it failed to do so on 28 March 2016.

The next resistance is at $2.73 and $2.76 levels. Support is at $$2.60 and $2.55 levels.

Raffles Medical (BSL) - 28 June 2016

Raffles Medical Group (RMG) opened an integrated medical centre in it's first property venture Raffles Holland V mall. http://www.straitstimes.com/business/companies-markets/raffles-medical-opens-new-facility-in-holland-v

Personally I am not keen about malls as I think there is an oversupply of shopping malls in Singapore. It will be interesting to see the occupancy rate of the mall when it is schedule to open in August this year.

However, the development of Raffles Hospital Shanghai which is schedule to complete in 2018 seems more promising to me. http://www.channelnewsasia.com/news/business/singapore/raffles-medical-to-build/1843778.html

Technically, Raffles Medical share price is currently supported at $1.485 and this base is currently above the 100-day Moving Average. The next support is at $1.445.
The resistance is at $1.520 and the 50-day Moving Average at about $1.550.

STI ETF (ES3) - 27 June 2016

The SPDR STI ETF (ES3) tracks the performance of the Straits Times Index. Dividends historically have been in January and July.
http://www.spdrs.com.sg/etf/fund/fund_detail_STTF.html

Technically, the STI ETF closed below the 100-day Moving Average (MA) at $2.80. The next support will be at $2.77.

SingPost (S08) - 21 June 2016

SingPost announced this evening that group chief operating officer (COO) will step down from his post with effect from Aug 26 to pursue "new opportunities overseas". http://www.businesstimes.com.sg/companies-markets/singpost-coo-resigns-to-pursue-overseas-opportunities

Technically, SingPost has been trading on a gradual downtrend with support at $1.55.
If the support breaks, the next support will be at $1.52 and $1.50.

So far all the announcements have negative impact on the stock price.

SPH (T39) - 14 June 2016

Singapore Press Holdings - SPH (T39) fell $0.06 today. There is no notable news on the drop of the share press. However, most analysts either gave a Hold or Sell call for SPH.
http://sgx.i3investor.com/ptservlet.jsp?sa=pts&q=SPH

Technically, SPH is supported at about $3.78 and the next support is at $3.72.

There is strong price resistance at $$3.85 and $3.95 as shown in the chart above.

Sembcorp Ind (U96) - 10 June 2016

Oil prices fall below US$50 as Dollar rises. http://www.wsj.com/articles/oil-prices-dip-below-50-as-dollar-rises-1465551599

Sembcorp Ind (U96) fell for the second day after hitting a high of $3.08 on Thursday.

The current price resistance is at $2.96 and $3.05.

The price support is at $2.88 and $2.82.

Keppel Corp (BN4) - 08 June 2016

Oil prices rise as U.S. crude stockpiles fall. http://www.wsj.com/articles/oil-prices-rise-as-u-s-crude-stockpiles-fall-1465379654

The share price of Keppel Corp has also risen for the past 5 trading sessions. 

The current technical resistance is at $5.74 and the next resistance s at $5.89 to cover the gap.

The support level are $5.60 and $5.50.

CityDev (C09) - 03 June 2016

CityDev was up 4.26% today on inclusion to FTSE EPRA/NAREIT Global Real Estate Index, Asia region, effective 20 June 2016. The re-inclusion may garner buying interest.
http://www.businesstimes.com.sg/stocks/hot-stock-citydev-soars-more-than-3-on-addition-to-major-ftse-index

CityDev started falling last year after 04 June 2015 announcement that it will be removed from the index.
http://www.straitstimes.com/business/companies-markets/citydev-falls-39-on-news-of-impending-removal-from-a-ftse-index

Technically, the current support is at $8.70 and the next support is at $8.45. The resistance levels are at $8.85 and $8.97.

Evolent Health Inc (NYSE:EVH) - 01 June 2016

I just came across this company Evolent Health (NYSE:EVH) listed on the New York Stock Exchange. It was number twelve on Fobes America's Most Promising Companies 2015 list and this company looks interesting. http://www.forbes.com/companies/evolent-health/

The consensus recommendations from the analysts are shown in this link http://www.reuters.com/finance/stocks/analyst?symbol=EVH

More about this company, please click on the link http://www.reuters.com/finance/stocks/overview?symbol=EVH

The technical analysis for Evolent Health Inc shows that it is trading sideways for the past 5 trading sessions. It maybe building a floor for the next up-trend provided that support price at about $14.50 is not broken. Resistance is currently at $15.72 and $16.25.