Hyflux stock surged a good 12% from previous day close. There is a series of Buy calls from various broking firms (DBS Vickers, Kim Eng) and after winning for Singapore’s second desalination plant at Tuas. Technical wise, Hyflux failed to breach top resistance of $2.4 during Jan 2011 and thereafter it corrected downwards through multiple Moving Averages. As anticipated, the…
Category: Investment Tips & Guides
Sinomen Technology (S14.SG) | Surge with takeover | Stock Market & Investment | Singapore
Prices of Sinomen Technology surged & gap up today on the nes of its takeover by Clean Water Investment at S$0.70 per share (31.6% premium to Sinomen’s NAV/Share) and 28.4% premium. Key resistance will be at 0.725 which represent upside at only 6%. Accumulate at consolidation towards S$0.65 will be favorable. Key support will now be at $0.575. OBV has…
Straits Times Index (STI) – More consolidations for reversal attempts| Technical Analysis | Stock Market | SIngapore
It was a rather turbulent week with investors reassessing political impacts. Straits Times Index (STI) has managed to scale up some nice gains but did not manage to hold past 3065. All indicators are showing initial hit of bottoms – DI+/DI- is crossing, MACD has ticked past 0, OBV is growing, and RSI is improving from the past oversold status.…
Golden Agri – Bottom formation | Stock Prices & Investment | Singapore Market
As forecasted, with the general political instability and rising oil prices, most Singapore stocks suffered a rapid correction since Jan 2010. Golden Agri also suffered reversal from the peak of $0.83 all the way piercing through several MA support lines and reach a bottom support of $0.61. A visible bullish engulfing candlestick formation was formed and the prices have recovered…
Dow Jones, STI and US/SG stock market analysis | Stock Market & Investment | US, Singapore
Since weeks back, I have cautioned all to be nimble about stock market movements lead by the rising negative developments in Libya unrest. Oil production has been disrupted causing oil futures to surge to record high since 2009 and investors rushing into safe haven via USD & Yen, prompting rising strength in both. The latest comforting news are worth to…
Gold / Light Crude Oil – Further strength amidst uncertainty in Egypt – Commodities
Unrest in North Africa (Libya) and the Middle East (Egypt) has sent uncertainties in investors prompting them to look once again in safe haven via commodities – Gold & Oil. Particularly for Gold, with the formation of bullish piercing reversal formation during early Feb 2011, the prices have reversed from the lows of US$1300 to now $1380+. It is poised…
KepCorp – Mid term uptrend intact – Singapore Stock Price / Market
With new book orders, it is one of the good stock which bucked the downward trend of STI main stock components. Near term there should be some further consolidations before the price breakout of S$12. For good risk appetite investors, you can consider accumulating on weakness. Follow us on: Share this article on:
Straits Times Index STI – More weakness ahead – Stock Price / Stock Investment – Singapore Stock
The Straits TImes Index STI has breached multiple support in a span of one week, definitely a trend reversal. Funds are rushing out. DI+/DI- is widening with ADX rising. OBV is correcting downwards. Only consolation is to have a slight reprieve with RSI in oversold. 3080 as next support. Failure to hold, index will strike range (3000 – 3080). This…
Keppel Corporation (Kep Corp) – Accumulate on Weakness – Stock Price / Stock Investment – Singapore Stock Market
Price is on NHNL but MACD & RSI showing divergence. Price weakness to last for a while but has trong support towards S$11.6 and S$11.0. Based on last result earnings, true value at $14.00 which translates a upside potential of 30-40%. Follow us on: Share this article on:
Citigroup C – More short term downside – Stock Price / Stock Investment – US Stock Market
Price is now at crucial Bollinger support @ $4.66. If it breaks, HSH is possible with downside towards $4.5. Force index still at negative region with RSI not at bottom levels yet. Hold your bullets and regain towards $4.5+. Follow us on: Share this article on: