Bumitama Agri (P8Z) Short Term Idea

Bumitama Agri (P8Z)

Support: $0.77
Entry: $0.785
Resistance: $0.835
2nd Resistance/2nd Target: $0.865

My Preferred Range Trade: $0.785 – $0.835
Time Frame: 2 weeks – 1 month

Comments: 2 good signals. Stochastic crossover below 20%, good signal. Possibility of MACD Histogram value above equilibrium line soon? Signal line crossover.


CapitaLand Commercial Trust (Yrly Div: 5.52%)

CapitaLand Commercial Trust (Yrly Div: 5.52%)

Immediate Support: $1.58 (14 dma & 50 dma)
Resistance: $1.64
Next Resistance: $1.79

Moving Averages: 50 days & 200 days moving averages uptrend.
Channel: Uptrend price channel

Comments: Stock came off from low, from around $1.29 to current $1.60. Change of trend can be seen from the 3 moving averages. Generally, can make use of price channel as a good guide on entry, exit point, and stock trend. Currently, looks like stock is trading closer to the higher end. Do lookout for entry opportunity on pullback,with price closer to the lower channel for trading.

China Aviation Oil (Yrly Div: 2.21%)

China Aviation Oil (Yrly Div: 2.21%)
3Q Results: 2 Nov 2016

Support: $1.30
Resistance: $1.475 – $1.48
Next Resistance Level : $1.58

Moving Averages: 14 days looking to cross above 50 days moving average.
Volume: 2nd day with huge volume, as compared with previous weeks. 2nd day of making higher high.

Comments: Higher price is accompanied with higher volume. Good possibility of trend continuation as it looks like accumulation phase is over.

SingTel 18 Oct 2016

SingTel (Yrly Div: 4.5%)

Support: $3.81
Resistance: $4.00 – $4.10
Next Resistance Level: $4.36

Stochastic: Bullish crossover under 20% level
MACD: Signals looking to crossover

Comments: Watchlist worthy. Good shorting opportunity using CFD if 200 DMA is broken. Stock is trading near the 200 days moving average (DMA). If a stock trades under 200 DMA, it may signify a change in long term trend (Downtrending). 14 DMA is trading close to 200 DMA. Ideally, 14 DMA should be trading well above 200 DMA.

OCBC bank 18 Oct 2016

OCBC Bank (Yrly Div: 4.28%)

Short Term Support: $8.36
Next Support Level: $8.24
Resistance: Around $8.60
Next Resistance Level: $9.00

Stochastic: Signals looking to crossover under 20% level
Comments: Stock has been trading sideways. Suitable for range trading between $8.36 to $9.00.

Entry: Around $8.40
Exit: Around $8.88
Timeframe: 1 month


AboveĀ is a short term idea I have in mind, Procurri:
Comment: Stock started to trade uptrend from August low. Approaching the resistance on IPO day, at $0.56. As it is currently still trading 14 days moving average, it seems like the momentum might continue. $0.51 pullback might provide a good entry opportunity.

Company information (SGX StockFacts):


Some stocks to note, Best World, Yoma Strategic, Jumbo 11 July 2016

Best world (5ER)

Support: $1.45
Resistance: Around $1.60
Moving Averages: Still uptrending

Comments: As Best World broke out from recent high of $1.445, rebounded from $1.45, $1.45 – $1.60 might be the new trading range. The next breakout to look forward to is $1.625 and above, with high volume.

Yoma Strategic (Z59) on Cum Dividend. 5 August 2016 Ex-Dividend

Support: $0.55
Next Support: $0.535
Resistance: $0.58
Moving Averages: Not too bad, still uptrending

Comments: Trading range can be $0.55 to $0.58. Can target higher if there is increasing volume with increasing price. Personally, I would prefer $0.55 entry with next support at $0.535.

Jumbo 42R

Support: $0.61
Resistance: $0.64 – $0.645 (Recent high)
Moving Averages: Still uptrending.

Comments: Would prefer a entry on pullback, at about $0.61. However, do note that the price is reaching the recent high, might face some resistance.