City Development – Page 3

CFD Trading 11 June 2019

June 11, 2019June 12, 2019Nicholas

City Dev Stock Code C09 .SGX

Outlook

Price gapped higher on Monday and was followed by another higher closing on Tuesday. Price also broke above the Bollinger Band. The big gap created is a sign of a strong trend and should now provide a strong support at $8.78. MACD is moving higher and has a steep gradient, hinting of a strong price advance. Price could be headed for the next resistance at $9.50

Strategy

$9.00 Buy
$9.50 Price Target
$8.75 Risk Management Stop
3 weeks Trade Duration

ICBC Stock Code 1398.HKE

Outlook

Price broke above the Bollinger Band yesterday and closed above the upper band. This could be the start of a new short term trend. Price also managed to close above a previous support turned resistance point. Price could be on its way to test the next resistance at HK6.05. MACD is supportive of the up move with both its lines pointing higher.

Strategy

HK5.75 Buy
HK6.05 Price Target
HK5.50 Risk Management Stop
2 weeks Trade Duration

CFD Trading 27 March 2019

March 27, 2019June 6, 2019Nicholas

City Development Stock Code C09.SGX

Outlook

From the low of $8.63, price moved higher along the edge of the cloud. It reached a high of $9.14. Price was unable to close the gap to $9.17 and has since declined low. The high reached was just above the Fibonacci 50% correction point. This could indicate an end of the corrective rally and a possible price decline to follow. Price was capped by Base line as well. Yesterday, we saw a Spinning Top candlestick pattern, which is a bearish reversal pattern, hinting of a price decline. MACD had a bearish crossover with its signal line. The crossover occurs below the zero line as well.

Strategy

$8.90 Short Sell
$8.53 Price Target
$9.17 Risk Management Stop
3 weeks Trade Duration

AEM Stock Code AWX.NAS

Outlook

Price started its rally from late Dec 2018 and reached a high of $1.29 on 12^th Mar. Currently price is in a corrective pullback from the high. MACD is still bullish and looks strong. The helps to confirm the recent price decline as a correction. Using Fibonacci retracement, the 38% point comes in at $1.10. Price is above the cloud and above the Base line as well. Base line could provide another support point at 1.14. We view this corrective decline as a good location to get into the long term uptrend.

Strategy

$1.09 Buy
$1.29 Price Target
$0.96 Risk Management Stop
2 weeks Trade Duration

CFD Trading 18 January 2019

January 18, 2019June 7, 2019Nicholas

SIA Stock code C6L.SGX

Outlook

Price reached a high of $9.78 on 16^th Jan 2019, forming a Doji candlestick pattern. This was followed by a black candlestick the next day. Price has also moved inside and closed inside the Bollinger Band, indicating the rally could be over and price is either consolidating or heading for a decline. While RSI is still bullish, the histogram bars are getting smaller and MACD line is moving down. Overhead resistance is nearby and strong. For three times in the past, $9.80-9.82 have capped price rally, inducing a decline soon after. Resistance at $9.82 could provoke a reversal in price back to $9.40 this time round.

Strategy

$9.70 Short Sell
$9.40 Price Target
$9.95 Risk Management Stop
2 weeks Trade Duration

CityDEV Stock code C09.SGX

Outlook

Price reached a high of $8.95 on 11^th Jan, which was also a previous high. The next day, a bearish Engulfing candlestick pattern was formed and price had stayed within this big black candlestick range for the next 3 days. Price has also moved inside the Bollinger Band, hinting of an end to the rally that started on 4^th Jan 2019. A price move below $8.70 is likely to accelerate the price decline. On the topside, a strong resistance (old price high) lies at $9.17, which is likely to cap price advance. MACD has turned down although it is still bullish.

Strategy

$8.80 Short Sell
$8.20 Price Target
$9.18 Risk Management Stop
2 weeks Trade Duration