Tuesday, 7 February 2017

SIA ((C6L) - 07 Jan 2017

Singapore Airlines profit drops 36% amid weak-yield environment


Technical chart shows that SIA is on a long-term downtrend.

Based on today's opening price at $9.90, the technical support is at $9.85 and next support is at $9.79.

The technical resistance is at $9.91 and $9.99.

Sunday, 5 February 2017

StarHub (CC3) - 03 Feb 2017

StarHub's Q4 profit down 33.2% to S$54m


The StarHub weekly chart shows the current support is at $2.770 based on today's opening price of $2.85. The next support is at $2.65.

The price resistance is at $2.88 and the next level is at $2.97.

The chart is heading for a long-term weekly downtrend. 

Thursday, 2 February 2017

ComfortDelGro (C52) - 02 Feb 2017


What ComfortDelGro Flexi-Rental Scheme Chould Mean To Consumers
http://aspire.sharesinv.com/39540/what-comfortdelgro-flexi-rental-scheme-could-mean-to-consumers/

The technical charts shows ComfortDelGro is on a downtrend with support at $2.36 and $$2.30

The resistance levels are at $2.45 and $2.53.

Stochastic shows that it is near the oversold levels. Price may stabilise at this juncture.  

Tuesday, 24 January 2017

M1 (B2F) - 24 Jan 2017

M1's Q4 profit down 27.1% to S$31.8m as traditional telco services take a hit


M1 has been on the uptrend since 27 December 2016. Stochastic shows overbought.

After M1's Q4 financial results, the stock opened down today at $2.10 and broke the uptrend line.

The technical price support is at $2.06 and the next support is at $2.03.

The price resistance levels are $2.10 and $2.14.

Monday, 23 January 2017

Keppel DC Reit (AJBU) - 23 Jan 2017

Keppel DC Reit declares distribution of 2.8 cents per unit for H2 2016


Keppel DC Reit technical support is currently at $1.205 and $1.195.

The technical resistance level is at $1.125 and $1.230.

Monday, 16 January 2017

CapitaLand (C31) - 16 Jan 2017


CapitaLand to develop office tower in Ho Chi Minh City


CapitaLand is on the uptrend but Stochastic shows overbought and daily volume is decreasing.

The second chart shows that CapitaLand has broken the downtrend line on 10 January 2017 and is on the uptrend since September 2015.

Technical resistance levels are at $3.16 and $3.18.

The technical support is at $3.14 and $3.11.

Thursday, 12 January 2017

StarHub (CC3) - 12 Jan 2017


M1, Starhub join forces to combat new telco threat.
http://sbr.com.sg/telecom-internet/news/m1-starhub-join-forces-combat-new-telco-threat

StarHub technical chart shows a double bottom reversal at around $2.75.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal

It is currently uptrend but interesting to see if it can break the $2.98 resistance level or it will become a double top reversal and retreat. 
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top_reversal

Stochastic shows overbought and the trading volume is decreasing.

Monday, 12 December 2016

SIA (C6L) - 12 Dec 2016



Singapore Airlines Wants to Be a Budget Carrier, Too
Squeezed by rivals, the luxury airline plots a course for heavy growth and new revenue streams.
https://www.bloomberg.com/news/articles/2016-12-12/singapore-airlines-wants-to-be-a-budget-carrier-too

SIA technical chart show some price support at $9.67 and $9.60 after a long down-trend since mid-August 2106.

The price resistance levels are $9.80 and $9.86.

Tuesday, 6 December 2016

Noble (N21) - 06 Dec 2016


Noble Group ditches stakes in 4 UK power firms for $33m http://sbr.com.sg/utilities/news/noble-group-ditches-stakes-in-4-uk-power-firms-33m#sthash.CsWKZlNa.dpuf

The weekly chart of Noble shows that it is trading in a range between $0.160 and $0.195. However, this range is a swing of about 21.88% which is a decent trading range.

The current support is at $0.161 and $0.152.

The resistance levels are $.175 and $0.192.