CapitaLand Stock Code C31.SGX
Outlook
Price had moved below the cloud 3 days ago and yesterday, price has recovered to the lower edge of the cloud. Price could move higher but we think price is unlikely to move above the cloud to turn the trend from bearish to bullish. Both Conversion and Base lines had bearish crossover, hinting of a bearish trend ahead. Lagging Span is inside the cloud but is also below price of 26 days ago, hinting of a bearish trend as well. MACD is about to turn bearish with the slower line about to move below the zero line. We think price is likely to be capped by the upper edge of the cloud and from there we are likely to see a decline to $3.48 in the next couple of weeks.
Strategy
$3.67 Short Sell
$3.50 Price Target
$3.75 Risk Management Stop
3 weeks Trade Duration
UMS Stock Code 558.SGX
Outlook
Price reached a high of $1.10 on 3 Jan 2020 and has been declining. Price reached a low of $0.915 and we think price is likely to recover to the upper edge of the cloud at $0.980 in the coming days. Both Conversion and Base lines had a bearish crossover, indicating a bearish trend. Lagging Span is also below price of 26 days ago, indicating a bearish trend. MACD is about to turn bearish with the slower line about to move below the zero line. We think price is unlikely to be able to move above the upper edge of the cloud at $0.980. We think this could be a good location to sell for a further pullback in price to $0.885.
Strategy
$0.980 Short Sell
$0.885 Price Target
$1.02 Risk Management Stop
3 weeks Trade Duration
