Yangzijiang – Tick Insights

City Developments Stock Code C09.SGX

Outlook
Share price is in an uptrend. The recent pullback was halted near the base line (blue line). The lagging line (green line) is still above the cloud and prices in the previous 26 periods, confirming the bullish trend. The
MACD is also bullish and a bullish crossover is likely in the near term. Prices could move higher if it can penetrate above its recent high.
We see increasing odds of stock price testing S$12.05. Stops could be placed at S$10.45.

Approximate timeframe on average: 1-2 weeks
(initiate this trade idea if the stock hits the entry
price range within three trading days)

Our institutional research has a fundamental BUY
and target price of S$12.00.

Strategy
Trading Buy Range: S$11.07-11.09
Last price: S$11.00
Target price: S$12.05
Protective stop: S$10.45

Yangzijiang Shipbuilding Stock Code BS6.SGX

Outlook
A bullish gap was created during the last trading session with high trading volume. Share price is now testing its overhead cloud resistance. There was also a bullish Tenkan- Kijun crossover. The MACD just had a positive crossover as well. We could see prices moving higher if the stock can
penetrate above the cloud. We see increasing odds of stock price testing
S$1.35 should it break above the cloud. Stops could be placed at S$1.01.

Approximate timeframe on average: 1-2 weeks
(initiate this trade idea if the stock hits the entry
price range within three trading days)

Our institutional research has a fundamental BUY
and target price of S$1.46

Strategy
Trading Buy Range: S$1.14-1.15
Last price: S$1.08
Target price: S$1.35
Protective stop: S$1.01

Yangzijiang Shipbuilding Stock Code BS6.SGX

Outlook
Yesterday, price broke a short term trendline below the cloud and closed at its low for the day. Price had tried to break above the cloud but was unsuccessful. Yesterday’s price range was also larger than the previous few days before it. Price formed a bearish Falling 3 Methods candlestick pattern as well. Conversion and Base lines has not crossover as yet. MACD is flat just below the zero line but could be about to experience a bearish crossover. MACD had stayed below the zero line since late July. Using September 16 high and using an Ichimoku N price projection, we get a price target of $0.83. There is also a previous price low around $0.88. We think price can go lower to $0.83-0.88

Strategy
$0.955                Short Sell
$0.880                Price Target
$1.01                 Risk Management Stop
3 weeks              Trade Duration

Starhub Stock Code CC3.SGX

Outlook
Price broke above the cloud 6 trading days ago. Price has pulled back over the past 2 days but price is still above the cloud. Both Conversion and Base lines had a bullish crossover before price broke above the cloud, confirming the bullish trend. Lagging Span is above the cloud and above price of 26 days ago, which confirms the bullish trend. The past 2 trading days has 2 Doji, which is a sign of a price consolidation. The Fibonacci correction points for the rally are at $1.42(38%), $1.40(50%) and $1.37(62%). During the consolidation, we believe price can stay above the Fibonacci 50% correction point. If it can stay above $1.37, we think price is likely to head towards $1.56, which is the Fibonacci 127% projection point as well as the previous highs.

Strategy
$1.42                 Buy
$1.56                 Price Target
$1.36                 Risk Management Stop
3 weeks              Trade Duration