SGX S68 Short Term

SGX (S68)

Support: $7.45
Entry: $7.55 – $7.60
Near Term Resistance: $7.65
Target: $7.74

Time Frame: 2 weeks – 1 month

Comments: Previous times when we see such candlestick with good volume, good tendency for the stock to climb higher for the next few days. Good to target for $7.65 breakout, and take profit zone around $7.74 as it seems to be the resistance for previous times. Bullish Stochastic crossover under 20% level


Short Term Trading Idea on Yangzijiang Shipbuilding BS6 9 Dec 2016

Yangzijiang Shipbuilding (BS6 / Daily Chart)

*This idea is to trade on the higher possibility of advancing share price. I highly recommend clients to have stop loss when doing trading.*

Cup and Handle formation spotted. It is a bullish continuation pattern.

(Details on formation:

Comments: Stock seems to trade with support of 14 days Moving Average (Indicated by Thin Red Line). If the 14 day Moving Average crosses the 200 days Moving Average (Long Term, Thin Green Line), it will have high chance of trading at a even higher price. This is even better if coupled with higher trading volume.

Short Term Price Support: $0.86
Next Price Support $0.83

Resistance Price: About $0.93
Suggested Entry: $0.83 – $0.86

Target Profit Taking Price: $0.93 & Higher (6.70% Profit, with entry at $0.86)
Time Frame: 2 weeks – 1 month
Suggested Minimum Trade Size: 5000 shares (About $4.3K)

Risk Level: Mid
Stop Loss: Once the share price breaks below $0.83 (5.36% Loss, with exit at $0.825)

*Chart at 12pm*

*Update* SGX 8 October 2015

SGX is one of the counter I’ve been monitoring.

Covered it on 5 October earlier.

Looking back, SGX managed to break cross the 78.6% fibo, which is good. Now, it seems like the counter is being resisted at 61.8% level, which is $7.60.

If we look at the 20 days moving average, we can see that the red line seems to be stabilising much better. MACD is showing a bullish signal.

I think that the stock might trend down slightly, looking at the technical aspects. Furthermore, markets like HSI and STI closed down. If the US market closes down today too, I think it is likely to see a lower SGX price.

Possible price to retrace to: $7.34 – $7.40 area

A breakout above $7.78 would be good!

SGX (4)

SGX / 13 August 2015

SGX (XD 30 Sep)

Bullish stochastic crossover, under 20% level, poised to head upwards
Lookout for confirmation, with a good closing by end of the day
Counter might find support at $7.56
Resistance: $7.78
Entry Price: Around $7.56 – $7.60
Target Price: $7.78
Trading Range: $7.56 – $7.78
Period: Less than 1 Month

SGX (2)

SGX names ex-BofAML banker Loh Boon Chye as next CEO / BusinessTimes 8 June 2015

Jun 8, 20156:18 PM

THE Singapore Exchange (SGX) has named Loh Boon Chye, the former head of Bank of America Merrill Lynch’s (BofAML) global markets in the Asia Pacific, as its next chief executive from July 14.

Mr Loh, 51, will replace Magnus Bocker, who said in February that he will leave after his contract runs out on June 30. SGX president Muthukrishnan Ramaswami will be in charge in the interim.

Mr Loh began his career as an investment officer with the Monetary Authority of Singapore in 1989. He then moved to the Singapore branch of Morgan Guaranty Trust Co of New York in 1992, before joining Deutsche Bank where he led the German bank’s investment banking teams in the region. He joined Bank of America Merrill Lynch in December 2012 until he quit earlier this year.