Tag: Wilmar

CFD Trading – Wilmar & ST Engineering

Nicholas

ST Engineering Stock Code S63.SGX

Outlook
For the past 3 days, price had oscillated around the cloud. Yesterday, price closed below the cloud and also below the first day when price broke below the cloud. Price also formed a bearish Engulfing pattern, which is a bearish price pattern. Price also broke below a 3-month trend channel. This could be the start of a new bearish price trend. With price below the cloud, Conversion and Base line had a bearish crossover three days ago, confirming the bearish trend. Lagging Span is below price of 26 days ago but Lagging Span is inside the cloud but near to the edge at the moment. MACD is still bullish but both lines are falling with the fast line already below the zero line.

Strategy
$4.07                 Sell
$3.89                 Price Target
$4.21                 Risk Management Stop
3 weeks              Trade Duration

Wilmar Stock Code F34.SGX

Outlook
Price broke below the trend channel lower line three days ago and also below a previous price low. This could be the start of another downtrend after price failed to move above the cloud after establishing the previous low at $3.82. Conversion and Base lines also had a bearish crossover a few days earlier, confirming the bearish trend. Lagging Span is below price of 26 days ago as well as below the cloud, confirming this sell signal is a strong bearish signal. Price’s break of the $3.82 low also formed an Ichimoku reversal with the V price structure calling for a price target of $3.41. The N price target is $3.67. MACD is bearish with both its lines below the zero line. Both lines of MACD are also moving lower, hinting of further price declines.

Strategy
$3.85                 Sell
$3.53                 Price Target
$3.97                 Risk Management Stop
3 weeks              Trade Duration


CFD Trading – First Resources & Japfa

Nicholas

Japfa Stock Code UD2.SGX

Outlook
Price broke above the cloud yesterday and closed above the cloud as well. It also closed above a recent high at $0.605. An Ichimoku reversal was formed with price closing above this recent high. The price target for this Ichimoku reversal is at $0.665, which is just above the high of $0.660. Conversion and Base lines had a bullish crossover below the cloud. Lagging Span is above price of 26 periods ago and above the cloud as well, hinting of a bullish trend.  MACD is bullish with both its lines above the zero line but both its lines are close to the zero line.

Strategy
$0.605                Buy
$0.660                Price Target
$0.560                Risk Management Stop
3 weeks             Trade Duration

First Resources Stock Code EB5.SGX

Outlook
Price is in a downtrend as price is below the cloud and both Conversion and Base lines are moving lower after a bearish crossover earlier. Lagging Span is also below price of 26 periods ago and below the cloud as well, hinting of a bearish trend. However on 4 Mar 2020.  Price has a classic Hammer candlestick price pattern. This is a strong bullish reversal signal from price. While the trend is down, we think the Hammer candlestick is a sign of a bottom in place and a reversal in trend going forward.

Strategy
$1.540                Buy
$1.660                Price Target
$1.460                Risk Management Stop
3 weeks             Trade Duration


CFD Trading – Wilmar & Ascendas Reit

Nicholas

Wilmar Stock Code F34.SGX

Outlook
Price is below the cloud and below both the Conversion and Base lines at the moment. This is a sign of a bearish trend. Both Conversion and Base lines are also capping price rally as resistances. Price will have to move above Conversion, Base and cloud to be bullish again. These three resistances are likely to cap price advance for another test of the low at $3.90. Lagging Span is below price of 26 periods ago but inside the cloud at the moment. MACD is bearish and is likely to have a bearish crossover and both its lines are also pointing and moving lower.

Strategy
$4.08                 Short Sell
$3.90                 Price Target
$4.18                 Risk Management Stop
3 weeks              Trade Duration

Ascendas Reit Stock Code A17U.SGX

Outlook
Price’s decline was halted at the upper edge of the cloud for the past 2 days. Yesterday price formed a Piercing Line candlestick pattern, which is a sign of a possible price continuation higher over the next few days. Both Conversion and Base lines are close together but there is no bearish crossover as yet. Both Conversion and Base lines are still bullish and Lagging Span is also bullish. Lagging Span is above price of 26 periods ago and also above the cloud, which is a strong bullish trend confirmation. Price is also above 4-month uptrend line.  MACD is still bullish with both its lines above the zero line. MACD has a bearish crossover but with both its lines above the zero line, this could be a sign of a corrective decline. As long as price is above the cloud and the trend line, we remain bullish for $3.16.

Strategy
$3.04                 Buy
$3.16                 Price Target
$2.95                 Risk Management Stop
3 weeks              Trade Duration


CFD Trading – SingTel & Wilmar

Nicholas

SingTel Stock Code Z74.SGX

Outlook
Price broke above the cloud two days ago. This could be the start of a new bullish trend for this stock. This stock has built a base, twice building support around $3.10 over a three month period since early August 2019. Now price has moved above the cloud. Both Conversion and Base line also had a bullish crossover confirming the bullish trend. Recently price has been well supported by the Conversion line. MACD has turned bullish with both its lines above the zero line. Price is likely to move higher to test the gap zone from $3.40 to $3.43. There is also a previous price low which is now acting as resistance at $3.45. We think the strong price momentum should be able to bring price higher to $3.43 to test this resistance zone within the next 10 days.

Strategy
$3.35                 Buy
$3.45                 Price Target
$3.28                 Risk Management Stop
10 Days              Trade Duration

Wilmar Stock Code F34.SGX

Outlook
Price moved above the cloud on Thursday and Friday after being in a bearish trend for the past two months. The breakout candle was a strong white candle and its size was larger than the previous candlesticks before it. Volume on the day of the breakout was also much larger than usual. These are good signs for the breakout. Both Conversion and Base lines also had a bullish crossover a few days before the breakout and both lines are moving higher as well. Price has been staying above the Conversion line, which is a sign of a strong uptrend movement. Using an Ichimoku V price projection, we get a price target of $4.00. The previous price resistance is at $4.09. These zones are likely to cap price advance.

Strategy
$3.84                 Buy
$4.00                 Price Target
$3.78                 Risk Management Stop
10 Days              Trade Duration

CFD Trading 6 May 2019

Nicholas

Keppel Corp Stock Code BN4.SGX

Outlook

Price reached a high of $6.97 after breaking out of a Inverse Head and Shoulder chart pattern back on 2nd of April. In the past few days, price has been declining from the high of $6.97 to current low of $6.67. We believe this decline is just a correction and the uptrend is still intact. Price is currently above the cloud and the Base line. A decline to the Base line could offer a buying opportunity. The Fibonacci 50% correction point of the rally from $6.07 to the high of $6.97 comes in at $6.52, while the Base line is at $6.55. A gap support comes in at $6.47. We think price support zone of $6.48 to $6.52 is a good area to get into the uptrend for a move to $6.97 again. MACD is still bullish and could be turning up again.

Strategy

$6.50 Buy
$6.38 Price Target
$6.97 Risk Management Stop
3 weeks Trade Duration

Wilmar International. Stock Code F34.SGX

Outlook

Price recently reached a high of $3.69 and we do not think the uptrend is over as yet. Price is likely to correct lower to Fibonacci 38% correction point of $3.48. The Base line is also at this price, which could reinforce this support area. Price is above the cloud and above the Base line, confirming the bullish trend. MACD is bullish and both MACD lines are high above the zero line, hinting of a strong bullish trend.

Strategy

$161.90 Buy
$172.20 Price Target
$156.90 Risk Management Stop
2 weeks Trade Duration

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