Tag: Sheng Shiong

CFD Trading – Yanlord & Sheng Siong

Nicholas

Yanlord Stock Code Z25.SGX

Outlook
Price was unable to move above the cloud in early February 2020 and started a decline that brought price to a low of $0.90. A price recovery from this low has brought price higher to $1.04. This is where a previous support turned into a resistance lies. The Base line is also close to this point.  Together these 2 price resistances are likely to cap price for another decline to $0.96 again. Lagging Span confirms the bearish trend as it is below price of 26 periods ago and also below the cloud. As long as price stays below $1.13, there is a high chance of another decline to test the low. MACD is bearish and both its lines are far below the zero line, hinting of a strong bearish trend.

Strategy
$1.05                 Short Sell
$0.910                Price Target
$1.14                 Risk Management Stop
3 weeks              Trade Duration

Sheng Siong Stock Code OV8.SGX

Outlook
Price broke above a previous high 3 days ago and has stayed above the previous high after the breakout for the past 3 days. A gap was also created by the breakout. Over the past 3 days, price has managed to stay above this gap as well. As long as price can stay above $1.32, price is likely to move higher. The Ichimoku V price projection gives a price target of $1.64. Conversion line and Base line had a bullish crossover earlier. Lagging Span is above price of 26 periods ago and also above the cloud, hinting of a strong bullish trend. MACD is bullish with both its lines rising. Both of MACD’s line are also above the zero line.

Strategy
$1.33                 Buy
$1.63                 Price Target
$1.23                 Risk Management Stop
3 weeks              Trade Duration


CFD Trading – AEM & Sheng Siong

Nicholas

AEM Stock Code AWX.SGX

Outlook
Price has declined below the cloud starting a bear trend. This was confirmed by a bearish crossover from Conversion and Base lines. Lagging Span also confirms the bearish trend with its line below price of 26 periods ago and also below the cloud. Currently price is just above a 9-month uptrend line. However price has closed a Runaway Gap, which is not a good sign for the bulls. Fibonacci 50% correction point of the rally from the low in Jun 2019 to the recent high at $2.30 comes in at $1.55. This has been breached and the next target is the Fibonacci 62% correction point at $1.37. Ichimoku V price structure also has a price target of $1.32. MACD is bearish and both its lines are moving lower. Both of MACD’s lines are also deep below the zero line.

Strategy
$1.56                 Short Sell
$1.32                 Price Target
$1.70                 Risk Management Stop
3 weeks             Trade Duration

Sheng Siong Stock Code OV8.SGX

Outlook
Price has been declining and 2 days ago, price hit a low at $1.00 and has a bounce up to $1.10. This bounce was capped by a strong price resistance at $1.10 and we think there should be another decline to test the low of $1.00 or even lower as MACD is still bearish. MACD is still moving lower. The trend is bearish, which are confirmed by Conversion and Base lines as well as Lagging Span.

Strategy
$1.10                 Sell
$1.00                 Price Target
$1.16                Risk Management Stop
3 weeks            Trade Duration