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Chart alert! Yoma may breach $0.280 in the near term (23 Jun 2020)

This week, Yoma catches my attention on a spike in share price, accompanied with an expansion in volume. Let’s take a look.   Chart analysis Yoma’s chart has been on a short-term uptrend since 24 Mar. ADX last trades 22.2, amid positively placed Dis, indicative of a trend. Its short term exponential moving averages (“EMA”) are rising steadily and its long term moving averages (namely 200D EMA and 200D SMA) are plateauing. Indicators such as OBV and RSI are strengthening. Volume has picked up significantly today and yesterday which may signify good odds of breaching its key resistance $0.275 – […]

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Navigating Depressions and Great Recessions (Real Estate Edition, 8 May 20)

This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. We are currently in unprecedented times (as of writing in April 2020). Covid-19 is upon us as a global pandemic which will go down in history books as the gravest health crisis mankind ever faced in this century. Over the past few weeks, I had the fortune to converse and interview numerous Seniors (our Merdeka & Pioneer Generation) whom I knew for some time already. The wiser generation I interviewed range from […]

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Can $ComfortDelGro(C52) regain its customers of taxi service? (1 Mar 17)

Can $ComfortDelGro(C52) regain its customers of taxi service? (guest post) Brief Background of ComfortDelGro: ComfortDelGro Corporation Limited is a Singapore-based investment holding and management services company. It operates in eight segments: 1) Bus & bus station 2) Rail 3) Taxi 4) car rental and leasing 5) automotive engineering services 6) inspection and testing service 7) driving centre and 8) insurance broking services and outdoor advertising.   Summary of ComfortDelGro’s recent financial performance:  The group maintains a steady growth of net profit despite a slight revenue decline caused by unfavourable currency translation this year. With the entrance and fierce competition brought by Uber […]

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Ernest’s market outlook (9 Dec 16)

Dear readers, STI has hit highs last seen on Apr and Jul 2016, powered by our local banks. Can this sustain? Read on for more.   S&P500 Index Just to recap what I have mentioned on 25 Nov 2016 (see HERE), I wrote “S&P500 is on a clear uptrend. All the exponential moving averages (“EMAs”) are rising with 21D EMA forming golden cross with 50D EMA on 10 Nov 2016. Amid positive placed directional indicators (“DIs”), ADX continues to move higher from 28 on 11 Nov 2016 to 31 on 25 Nov 2016. It is noteworthy that indicators such as […]