As expected, the global markets rebounded in the first week of January 2019, following through the Christmas Santa rally… this week begins with US and China having meetings over today and tomorrow. Meanwhile, the Singapore market lit up like New Year’s Day fireworks today, rather bullish and about time too (after being beaten terribly for the last year).

The STI ETF has a gap up this morning and if it closes above the 55EMA and stays above, there is a high potential for a 8% rally till March. MACD is turning bullish and can be supportive of the rally. Note that the price had broken out of the trendline and tested a couple of times. A green arrow is the marked entry point, albeit early.

A property favorite, CityDev, is double bottoming and an early entry is marked. This should be expected to break above the resistances for a potential 16% upside. Similarly, MACD is turning and would be supportive of the rally.

A favorite bank counter, DBS, had a triple bottom and is aiming to break out as well… similar gap up observed, and a gap and run would break the resistances ahead for a good 12% potential upside.

Personal favorite Keppel Corp the conglomerate consolidated and gapped up into a range. This one has a potential of 12-20% upside after breaking resistance. Had marked an early entry when it previously gapped up over the previous downside target.

The Singapore stock are lighting up with a Monday morning fireworks display. It needs to follow through to be sustainable, and current tailwinds are encouraging… please do watch these and other favorites, do your due diligence and decide for yourself if it works for you or not. Remember volatility is the order of 2019.

If you found this post useful, do leave a comment and share the link! Join in the Telegram group https://t.me/DrWealthHacker

FUTURES AND OPTIONS TRADING CARRIES SIGNIFICANT RISK AND YOU CAN LOSE SOME, ALL OR EVEN MORE THAN YOUR INVESTMENT.
STOCK TRADING INVOLVES HIGH RISKS AND YOU CAN LOSE A SIGNIFICANT AMOUNT OF MONEY.
THE INFORMATION CONTAINED HERE WAS GATHERED FROM SOURCES DEEMED RELIABLE, HOWEVER, NO CLAIM IS MADE AS TO ITS ACCURACY OR CONTENT. THIS DOES NOT CONTAIN SPECIFIC RECOMMENDATIONS TO BUY OR SELL AT PARTICULAR PRICES OR TIMES, NOR SHOULD ANY OF THE EXAMPLES PRESENTED BE DEEMED AS SUCH. THERE IS A RISK OF LOSS IN TRADING FUTURES AND FUTURES OPTIONS AND STOCKS AND STOCKS OPTIONS AND YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL POSITION BEFORE MAKING ANY TRADES. THE REFERENCE TO STATISTICAL PROBABILITIES DOES NOT PERTAIN TO PROFITABILITY, BUT RATHER TO THE DIRECTION OF THE MARKET. THE SIZE AND THE DURATION OF THE MARKETS MOVE, AS WELL AS ENTRY AND EXIT PRICES ULTIMATELY DETERMINES SUCCESS OR FAILURE IN A TRADE AND IS IN NO WAY REPRESENTED IN THESE STATISTICS. THIS IS NOT, NOR IS IT INTENDED TO BE, A COMPLETE STUDY OF CHART PATTERNS OR TECHNICAL ANALYSIS AND SHOULD NOT BE DEEMED AS SUCH.
CHARTS ARE FROM TRADINGVIEW
Advertisements