S&P500 hits the highest last seen in Aug 2022! Should we buy, hold or sell? (3 Jun 23)

June 3, 2023 el15

Dear all First of all, apologies for the hiatus in posting new market outlook on my blog. I have been extremely busy for the past three months. My clients can attest to how busy I have been. I have been sending out my market views and news even on weekends and on public holidays. 😊 With reference to my previous writeup published on 26 Feb 2023 (click HERE), I mentioned that I planned to pare positions so that I can accumulate on weakness. In retrospect, it was a timely call. I was fortunate that I have pared my positions so […]

3 interesting charts to take note: GSS Energy, China Sunsine and Sing Medical (28 Oct 2021)

October 28, 2021 el15

Dear all With reference to my market outlook published on 3 Oct 2021 (see HERE) where I cited opportunities in our Singapore market, our Singapore market (represented by STI) has jumped 154 points, or 5.1% since 1 Oct. Amid the recent strength, is it too late to plough into the markets? Are there still stocks who may have further upside? Based on my personal chart observation, GSS Energy, China Sunsine and Sing Medical have interesting / bullish charts’ setups which may be interesting to take a look. GSS Energy Based on Chart 1 below, GSS seems to be on […]

Hong Fok hits 10-year overbought level and up 12 out of 13 trading days! (19 Mar 19)

March 19, 2019 el15

This week, Hong Fok catches my attention this week because a) It has risen approximately 33% in 12 out of the past 13 trading days from an intraday low of $0.685 on 28 Feb 2019 to close $0.910 today. It is noteworthy the 13th day is at an unchanged level. In other words, Hong Fok has not had a down day since 28 Feb 2019; b) At $0.910, this is near its 25 Oct 2015 high of around $0.91-0.920. The previous high which is higher than $0.920 occurred in Sep 2014. I.e. Hong Fok is trading near a four plus […]

Kraft’s 33% plunge in 4 days – any trading opportunities? (28 Feb 19)

February 28, 2019 el15

This week, Kraft (KHC – Nasdaq) has caught my attention. It seems to be a trading play with a favourable risk reward setup based on a technical chart basis (aim is to get a few bids of profit if any). It is down a hefty 33% in four trading days from US$48.18 on 21 Feb 2019 to close US$32.20 on 27 Feb 2019. Likely reasons for the fall Kraft was hammered by a plethora of bad news. Firstly, it reported 4QFY18 net loss of US$12.6b, due mainly to a US$15.4b writedown on its Kraft and Oscar Mayer brands. Secondly, […]

Hi-P – Chart looks interesting with rising ADX, amid positively placed DI (21 Feb 19)

February 21, 2019 el15

This week, Hi-P caught my attention due to its chart. It last trades at $0.990. Day range 0.985 – 1.00. Let’s take a look. Basis below 1.Chart looks interesting with rising ADX, amid positively placed DI Hi-P has been trading in a tight range $0.885 – 0.960 since 8 Jan 2019 and broke out with strong volume on 11 Feb 2019. ADX has been rising to trade 31.6 amid positively placed DI, indicative of a trend. RSI last trades 57.9. Today is T+8 of 11 Feb upmove. There has been some price weakness on 15 & 18 Feb as I […]