Tag: CapitaLand

CFD Trading – Buy Capitaland (C31.SGX) at $2.84. Stop at $2.73 and Target at $3.00.

Nicholas

Capitaland Stock Code C31.SGX

Outlook
Price broke above the cloud in the previous trading day with a candlestick which reflected strong buying pressure. The movement yesterday also broke above a recent high of $2.83. An Ichimoku reversal was also confirmed as a result of yesterday movement. Conversion and Base lines had a bullish crossover yesterday, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is below the zero line but there was also a bullish MACD crossover. We expect price to move higher to the resistance zone of $2.97 to $3.01 in the next couple of weeks.

Strategy
$2.84                 Buy
$3.00                 Price Target
$2.73                 Risk Management Stop
3 weeks Trade Duration

CFD Trading – Capitaland & Keppel Corp

Nicholas

Capitaland Stock Code C31.SGX

Outlook
Price broke above the cloud yesterday, after breaking above a recent high just two days ago. This could be the start of a new bullish trend.  Conversion and Base lines had a bullish crossover, confirming the bullish trend. Both Conversion and Base lines are pointing up and both their slope are steep, which is a hint of a strong bullish trend. Lagging Span is above price of 26 days ago but is currently just below the cloud. Lagging Span is at the thin part of the cloud and could move above the cloud over the next few days to confirm the bullish trend. MACD is turning up and both its lines are above the zero line. We expected price to move higher to the next resistance at $3.50

Strategy
$3.18 Buy
$3.50 Price Target
$2.97 Risk Management Stop
2 weeks Trade Duration

Keppel Corp Stock Code BN4.SGX

Outlook
Price broke above a recent high resistance yesterday and closed above the recent high. It also formed a V structure and this could be the start of a new bullish trend.  Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span confirms the bullish trend as well. Lagging Span is above price of 26 days ago and is above the cloud. MACD is bullish and pointing up and both its lines are above the zero line. The V structure is projecting price will move higher to $6.59. However there is a gap resistance at $6.55 and we are aiming for price to reach $6.54. We are recommending this with CFD 10 as we think price can reach its target within 10 calendar days and there is also a dividend payment. If there is any extension beyond 10 days to reach our target price, subsequent margin rate is same at 10%.

Strategy
$6.18 Buy
$6.54 Price Target
$5.98 Risk Management Stop
10 Days Trade Duration


CFD Trading – CapitaLand & UMS

Nicholas

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