Tag: YZJ

CFD Trading – Sell YZJ SHIPBLDG (BS6.SGX) at $0.950. Stop at $0.995. and Target at $0.890.

Nicholas

YZJ SHIPBLDG Stock Code BS6.SGX

Outlook
Price broke below the cloud yesterday and this could be the start of a bearish trend. Price also broke below an uptrend, line which reinforced the bearish trend. Price also broke below a recent low, adding to the bearish trend. Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below price of 26 days ago but is at the lower edge of the cloud at the moment. A movement below the cloud would confirm the bearish trend. MACD has turned bearish with both its lines moving lower. An Ichimoku E-shaped price projection gives us a down side price target of $0.890, which is also the same as the previous low on 3 August 2020. A more conservative Ichimoku V-shaped gives a price target of $0.910. We think price is likely to move lower to either $0.91 to $0.89.

Strategy
$0.950                Short Sell
$0.890                Price Target
$0.995                Risk Management Stop
3 weeks Trade Duration

CFD Trading – YangziJiang & Parkway Life Reit

Nicholas

YZJ Shipbldg SGD Stock Code BS6.SGX

Outlook
Price broke through the cloud recently and managed to stay above the cloud and yesterday, it reached almost to the top edge of the cloud. Both Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Price is also above the Base line. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. There is a strong support with both the Base line and a previous support around the $0.92 price point. If price can stay above this strong support point and above the cloud, price could be heading higher to $1.20 again. MACD is bullish at the moment although we may see a bearish crossover, but this crossover could be a signal of a correction and not a bearish trend.

Strategy
$0.930 Buy
$1.130 Price Target
$0.870 Risk Management Stop
3 weeks Trade Duration

Parkway Life REIT Stock Code C2PU.SGX

Outlook
Price broke through the cloud recently and managed to stay above the cloud. Conversion line and Base line had a bullish crossover, confirming the bullish trend. Price is also above the Base line. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. The cloud is also bullish as Cloud Span A had a bullish crossover Cloud Span B. MACD is bullish with both its lines above the zero line. We think price if it stays above the cloud, price could be heading higher to $3.66


Strategy
$3.20 Buy
$3.66 Price Target
$2.98 Risk Management Stop
3 weeks Trade Duration


CFD Trading – Valuetronics & YZJ Shipbuilding

Nicholas

Valuetronics Stock Code BN2.SGX

Outlook
Price after breaking below the cloud, try to rally but the rally was halted by the previous high as well as the cloud and Base line. Price formed a Marubozu candlestick price pattern yesterday in breaking below the price low at $0.695. There was a small gap formed as well and if price fails to close this gap, the trend is likely to be bearish. Price is now below the cloud and below the previous support. Both Base and Conversion lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below the price of 26 periods ago and also below the cloud. Lagging Span confirms the bearish trend. MACD is bearish with both its line below the zero line. Price could continue its decline to the previous low of $0.61

Strategy
$0.690                Short Sell
$0.610                Price Target
$0.730                Risk Management Stop
3 weeks              Trade Duration

YZJ Shipbuilding Stock Code BS6.SGX

Outlook
Price broke an up sloping trend channel yesterday, closing below the trend channel and at the day’s low as well. Yesterday, price has opened at the high and closed at the day’s low which is a strong signal of a bearish trend. Price is also below the cloud. The day before price broke below the trend line, price form a Gravestone Doji, which is a bearish signal. Price is below the Base line and both Base and Conversion lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below the price of 26 periods ago and also below the cloud. Lagging Span confirms the bearish trend. MACD is bearish with both its line below the zero line. Price could continue its decline to the previous low of $0.92

Strategy
$1.00                 Short Sell
$0.920                Price Target
$1.05                 Risk Management Stop
3 weeks            Trade Duration


Stock Picks Using Fundamental & Technical Analysis Seminar Series

Nicholas

We held a total of 3 seminars at SGX auditorium to introduce our stock picks using fundamental analysis and using technical analysis to choose a good entry and exit points for our fundamental picks. Those 3 seminars were held on 15th Jan 2020, 28th Nov 2019 and on 31 Oct 2019.

Our Head of Retail Research, John Cheong shared his stock picks using fundamental analysis. He gave his reasons for his stock picks. John, over the 3 seminars, shared a total of 15 stocks. All his 15 stock pick are doing well. Hope you have benefited from buying Yangzijing near the low!

Our Technical Strategist Nicholas Tan, took to the stage at the same time to share his view on John’s stock picks using technical analysis to pick the best entry and exit point to maximize profit potential using the Ichimoku technique. One of his highlights was the 10 days price rally for DBS using CFD 10.

We would like to thank all participants who have taken their time to spend the evenings with us. We hope you have benefited from our sharing especially so for a group of 30 Chinese exchange students. We would also like to thank the SGX for giving us the opportunity and location to share our view.

CFD Trading – Yangzijiang & DBS

Nicholas

Yangzijiang Shipbuilding Stock Code BS6.SGX

Outlook
Yesterday, price closed above the cloud. Conversion and Base line had a bullish crossover and both lines are trending up. Lagging Span is above price of 26 periods ago but it is still within the cloud. The downtrend that started on July 26 till yesterday could be over. MACD is also bullish with both its lines above the zero line. However MACD histogram is rather flat, which is a sign of a weak trend. If price can stay above the cloud, we think price could be heading to the Fibonacci 50% of the decline starting from 23 July to the low at $0.755, which comes in at $1.15. The Fibonacci 62% correction point at $1.24 could be another target if MACD histogram picks up strength.

Strategy
$1.05                 Buy
$1.15                 Price Target
$0.99                 Risk Management Stop
3 weeks              Trade Duration

DBS Stock Code D05.SGX

Outlook
Price was supported around $25.60 for 5 consecutive days and yesterday, the price pattern was in the form of a Hammer candlestick price pattern. This could be a hint of a possible price reversal from the $25.58 price low. During the correction, both Conversion and Base lines stayed bullish. Lagging Span is above the cloud and above price of 26 periods ago. MACD is also bullish with both its lines above the zero line. Price could be heading up to $26.80 again if it can move above the recent high of $26.00.

Strategy
$25.62                Buy
$26.80                Price Target
$25.02                Risk Management Stop
3 weeks              Trade Duration