CITYDEV Stock Code C09.SGX
Outlook
Price is trading below the cloud, keeping the downtrend intact. Conversion and base lines remain in a bearish crossover. MACD remains bearish too and a bearish crossover is likely. These could increase chances of the stock price moving lower.
Strategy
S$5.92 Sell
S$5.57 Price Target
S$6.09 Risk Management Stop
3 weeks Trade Duration
SEMBCORP IND Stock Code U96.SGX
Outlook
Price couldn’t penetrate its previous high, forming a potential double top chart pattern. It is currently consolidating within a tight range, hinting at high volatility ahead. MACD has turned bearish. These could increase chances of the stock price moving lower.
Strategy
S$5.10 Sell
S$4.72 Price Target
S$5.21 Risk Management Stop
3 weeks Trade Duration
DBS Stock Code D05.SGX
Outlook
Price could have formed a possible price top at S$34.26. It couldn’t penetrate its recent price high and form a lower high instead. MACD is moving lower after a bearish crossover. We are likely to see price breaking down the middle band to move lower.
Strategy
S$33.90 Sell
S$32.17 Price Target
S$34.41 Risk Management Stop
3 weeks Trade Duration
SIA ENGINEERING Stock Code S59.SGX
Outlook
Price retested the gap support zone that formed since 3 Nov 2023 for a fourth time. The RSI is hovering around the neutral level. We are likely to see price rebounding to its recent high if it manages to rebound from the support zone again.
Strategy
S$2.29 Buy
S$2.44 Price Target
S$2.24 Risk Management Stop
3 weeks Trade Duration
OCBC BANK Stock Code O39.SGX
Outlook
Price could have formed a possible price top at S$13.45. It created a falling window on 28 Feb, suggesting the losing strength of an uptrend. Price moved below the 20-day moving average. The RSI is hovering around the neutral level. These could increase chances of the stock price moving lower.
Strategy
S$13.00 Sell
S$12.39 Price Target
S$13.27 Risk Management Stop
3 weeks Trade Duration
