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Following up from previous blog post last month where Capitaland was at 3.30, it was mentioned that there can be more downside if the next key support were to break down…




Some downside target were drawn earlier and new ones reiterated…


See what was projected again…




As the first target above played out… we were expecting some short covering near 3.25 before the downside continued…


Trend indicators were also looking weak and key supports were broken again…


Note that this was EVEN BEFORE the property cooling measures were announce on the 6 July 2018


And the thing is the price are already showing weakness before that…


See reiterated target below as the selling continued…..






Following the announcement on the new property measures introduced (6 july 2018) where Government raises ABSD, tightens LTV after strong property price gains.


We have seen the 3.10 support breaking furiously and the downtrend accelerated…


Heading towards our 2nd target as drawn at 2.95 before some short covering after the massive sell down..….





It was also mentioned previous that we had a Bearish signal on our PTI system…


We have finally seen the Exit on our bearish signal recently and then some slight strength came back.. See below what I mean… playing out as per downside target step by step…


We were capped below the 3.10 resistance for more than a week but seems like buyers managed to breach this level over the past few days…


May see some short term upside towards 3.15 – 3.20 before selling pressure comes back..


Will be looking to see if there will be another entry signal, whether to the upside or downside…


Really depend on how prices play out for now…


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Just last month, even before the property cooling measures were introduced, there were some signs of weakness in Oxley..


Trend has kind of turned down with indicators pointing lower and it was trying to hold above the temp support at 0.44…


Some bearish price actions was spotted and hence targets drawn… see what I mean…


We also had some bearish signals from the PTI system




Over the past 2 weeks, we have indeed seen more weakness in Oxley where the selling accelerated when the cooling measures was announced.


I was caught surprised by the measures too but even before that was announced..


The counter was already looking weak and there was a high probability it could trade lower…


In fact, downside targets were reiterated just as it approached the 0.400 psychological level…. Before the property market in Singapore was caught by surprise…






Fast forward to today, over the past week we have indeed hit our target at 0.32 and then a technical rebound seen..


And right now, we are back to the 0.37 resistance where sellers may be lurking again..


As long as 0.37 is a cap, downtrend may still be intact and selling can still play out towards 0.32 again…. Watching….


Would be good to protect shorts for now too and take some profits after riding the weakness….


See below to see where we are for now… 









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Just last month, we have spotted some bullish actions in Japfa with some signs of a trend reversal…


Trend indicators were starting to turn upwards and hence some upside reversal was expected with target at 0.62 first…


We have hit our first target at 0.62 over the past 2 weeks, see what was sent..





Targets were reiterated last week again on some good support found at 0.62.


We may be heading towards our next target at 0.72 where some selling pressure can happen again…


Uptrend reversal may still be playing out…


Targets get be revised higher on more positive actions…


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Just a few weeks back, we spotted the breakdown of the key 0.75 level after some sideways consolidation and …


Sellers were gaining back control…..


There were some downside targets drawn too with the downtrend likely to continue


See what was sent….




Over the past 2 weeks, we have seen the support at 0.70 break down as well and downside targets reiterated


We have seen Valuetronics hitting our lower target at 0.600 few days back and some short covering happening…


May consolidate from 0.60 to 0.65 for now before more directions…


Would be good to protect shorts too near 0.600….


See targets there were reiterated below as it happened…. Hit but downside may not be over…






From the PTI system, we had some bearish signals out recently then the sell down happened. Exits seen….


Waiting to see if more new bearish signal will come out again…










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Just 3 weeks back, we have seen the support at 0.88 break down and the selling pressure began…


There were also some signs of the downtrend forming and hence some downside targets were drawn on this break down…


1st target was at 0.80 as seen below…




Downside targets were reiterated again over the past 2 weeks when more bearish price actions started to play out again…


Downtrend also continued as per target drawn…


We also had a bearish signal on the PTI system….





Over the past few days, we have seen the 1st target at 0.800 hit already on the back of the property measures introduced by the government…


Seems like that has given way as well…


2nd target to 0.76 may be on tracked…


Would be good to cover shorts too if you have rode downside…


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Targets have been revised lower as of now…. Let’s see if that plays out too…. Cautious long for now…









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Just about 3 weeks back, we spotted some bearish price actions with Sembcorp Ind breaking the key 2.90 support level…


There were also some signs of the downtrend taking shape…


Hence some targets were drawn to ride any potential weakness


See what I mean…




Over the past 2 weeks, the market has softened further and sellers indeed returned to take it lower…


Seems like we have already hit the 2nd lower downside target over the past few days at about 2.65 as drawn…


Would want to be careful of more selling pressure if 2.65 were to give way too…


Where lower revised target may continue to play out also… probably to 2.45 – 2.50?  We’ll see…


So far some support above 2.65, and holding well…at least for now….


But cautious. Had a bearish signal on the system recently too.. no exits… shhh….


Come on board as a client of Joey here to Enjoy Value Added services seen no where….…







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Following up from previous blog post when YZJ Shipbldg was at 1.07 >>> http://singaporetradinginsights.blogspot.com/2018/05/yzj-shipbldg-downtrend-may-still.html


It was mentioned that more downside can happen, especially if 1.00 give way


True enough, we have indeed seen the breakdown of the 1.00 level a few days later and down it went all the way towards our target at 0.900..


However, it has staged a strong technical rebound from the 0.900 and managed to climb back above 1.00 last month..


Just about 3 weeks back, we then spotted some bearish price actions for the downside to continue and some target were drawn…


See what I mean….






We have hit our target at 0.900 again over the past week but seems like more selling is back


There seems to be a breached of the 0.900 support over the past few days…


Can there be more downside towards our next target as reiterated below recently?


Well, downtrend still looking intact below 0.90 now….  


And we actually had a Bearish signal on the PTI system… PTI grads can check….


No exits for now…. Would want to protect shorts though… J


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Just about 2 weeks back, we spotted some heavy selling in Singtel with it breaking the key 3.30 level…


Trend indicators were all pointing down on this break down and there were also some bearish signal on the PTI system….


Hence some downside was expected with sellers to take it lower….


See targets that were drawn then…




We have managed to see some support coming back over the past week at 3.10 but downside targets were reiterated….


Today indeed, we are still seeing weakness with the 3.10 breaking down firmly too…


And sellers are out to push it away from the new resistance at 3.10 now….


As mentioned, may be heading torwards the 3.00 level next.. almost hitting target soon…


Some bargain hunting expected here but more downside not ruled out…. Targets may be revised lower on more bearish price actions


Clients were alerted to be cautious of more selling pressure over the past few weeks….


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Following up from blog post 3 weeks back where it was mentioned that more upside expected, http://singaporetradinginsights.blogspot.com/2018/06/breadtalk-upside-may-continue-above.html


We have actually seen more strength in Breadtalk despite the overall market weakness.


Targets have been raised higher on more bullish actions above 1.00 a few weeks back actually…


See that was sent then…


We had a 1st target to 1.10 and a 2nd target to 1.20….




Over the past few days, seems like it has awaken and 2nd target has been hit today…


We may see some profit taking near 1.20 before probably more upside actions… 


Watching still….


Protect profits…See where we are now…




In addition, it was mentioned in previous blog post that we also had a 1ET BULLISH ENTRY SIGNAL from the PTI system..….


Just before the bullish run started….


Specifically, it was on the 5 June 2018, PTI grads have accessed to system can check…


So the question is:


Are we seeing any exits for now?


Well, see for yourself below…


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Just last week, we spotted some selling pressure in Yoma with it approaching the key 0.400 level…


Trend indicators were all indicating more weakness and hence a breakdown expected…


It began testing that level with some buyers coming back but eventually it gave way too…


See targets that were drawn…




Over the past few days, we have seen more weakness with some bearish price actions


Downside may still be playing out as seen….  See where we are now below…


Cautious long… more for shorts…


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