Friday, December 15, 2017

China Growth and Regulatory Scare - China Market Could Be Heading Down Going Into The New Year



China could face a short term sell off  caused by China’s deleveraging campaign with the renewed squeeze of the shadow banking sector implemented following the Party Congress in October. It has caused the 10-year renminbi government bond yield rising to 3.93% on Wednesday. The aim is  to  squeeze out  shadowy loans and encourage more loan growth to the real economy. China Securities Regulatory Commission (CSRC) recently suspended approval of new mutual funds that plan to allocate more than 80% of their portfolio to Hong Kong-listed equities. It could result in a short term cooling of South Bound fund inflows, further aggravating by the normal seasonal decline in A share trading volume in the run up to Chinese New Year in 16 February.
Indeed that growth scare has already begun, The Caixin/Markit manufacturing Purchasing Managers' Index came in at 50.8 for last month — the lowest level in five months Economists in a Reuters poll had expected the index to read 50.9 for November, lower than 51.0 the previous month.

On 27 Nov, this blog predicted that the Shanghai A Index has peaked and is due for a sharp correction just from a technical perspective . Indeed the Shanghai Stock Exchange A Index (SSE A) underperforming the MSCI Asia Index and trading at a 5 month low. The SSE A index has broke its uptrend channel line, with immediate support at 3445 , its is likely to trend lower in the near term towards 3355 and it will drag the Hang Seng lower. 
All posts and charts are for educational and illustration purposes only
Friday, December 8, 2017

Metastock Xenith Platform - 9 Dec 2017

Hi there!

I will be organising a MetaStock XENITH Platform Training session on 9 December 2017.

Details of the session below:

  • Date: 9 December 2017 (Saturday)
  • Time: 9am - 12pm
  • Venue: International Plaza #36-05A

In this session, Kian Ann will cover more in-depth on how to use the different applications within MetaStock XENITH, including:

  • Monitor
  • Charts
  • News
  • Time and Sales
  • Company Overview
  • Economic Monitor
  • Rebasing Chart... and more

The session is free, so do come on down to learn more about the power of MetaStock XENITH.

If you have attended this training before, you can re-attend as a refresher.

You can register for the session here: https://www.tradingkungfu.com/xpt


All posts and charts are for educational and illustration purposes only
Thursday, December 7, 2017

Santa Claus Rally or Year End Meltdown?

The traditional year end buying could mean that the "Santa Claus Rally" is still on the cards.

However, the selling pressure of late for technology stocks may continue, as after taking a closer look at the Republican tax bill, tech companies could be hit harder by the corporate Alternate Minimum Tax (AMT). This measure was removed from the House tax rule, but included in the Senate bill, and it must be resolved before the overall plan is passed.

A lot of stocks could be dumped in late December in order to be taxed under the old rules if the House bill keeps these penalties in place.
All posts and charts are for educational and illustration purposes only
Wednesday, December 6, 2017

Metastock XENITH Platform Training

Hi there!

I will be organising a MetaStock XENITH Platform Training session on 9 December 2017.

Details of the session below:

  • Date: 9 December 2017 (Saturday)
  • Time: 9am - 12pm
  • Venue: International Plaza #36-05A

In this session, Kian Ann will cover more in-depth on how to use the different applications within MetaStock XENITH, including:

  • Monitor
  • Charts
  • News
  • Time and Sales
  • Company Overview
  • Economic Monitor
  • Rebasing Chart... and more

The session is free, so do come on down to learn more about the power of MetaStock XENITH.

If you have attended this training before, you can re-attend as a refresher.

You can register for the session here: https://www.tradingkungfu.com/xpt


All posts and charts are for educational and illustration purposes only
Friday, December 1, 2017

Tuan Sing - Strong FA but TA Points To a Correction


Tuan Sing - UOB Kay Hian initiated a  "Buy" recommendation yesterday with a target price of 0.71 representing a upside target of more tan 70%. The report cited the potential of its huge $2.3 billion property portfolio in Spore and Australia bought a fire sales price and it is trading at 61.2%discount to RNAV and 52% of its book value. The fundamental reasons to buy this stock looks compelling and many investors jumped in  to buy in  the last 2 days as   evident in the massive volume traded which was the highest 2 days volume in the last 3 years. 
The Price Action, however suggest that this stock could have peaked in the short term and is likely to correct to 0.43 before it could attempt higher prices. 
If the 0.43 level is breached the stock could head south towards 0.36 which will present and excellent opportunity for traders to buy for a good rebound.


All posts and charts are for educational and illustration purposes only
Wednesday, November 29, 2017

Yangzijiang - Testing the 50 Days Moving Average Again . Will it give way?

Yangzijiang - Testing the 50 Days Moving Average Again! Since beginning of the year been the  50 days MA has proven to be a reliable support. This time round Price Action is suggesting that it could be breached.  The next crucial support is 1.48 and 1.40 respectively.

All posts and charts are for educational and illustration purposes only
Monday, November 27, 2017

Shanghai A share Index - Sign of Topping Out In the Short Term

Uptrend breached today! Asia market especially Hang Seng has been tracking  the Shanghai A share index closely lately. More weakness ahead for China A shares does not augur well for the regional stocks indices. 



All posts and charts are for educational and illustration purposes only

Jumbo - Earnings below estimate , higher dividend did not help share price

Jumbo - FY 17 earnings below estimates dampened by higher operating cost. Faster  expansion plan incurring higher capex will be a key risk if it fails to deliver growth. The increased dividend to 1.2c did not help  to boost the sentiment. On the charts , its heading for its next support at 0.525 and a break below this level will take the share price down to 0.47.

All posts and charts are for educational and illustration purposes only

DLC Webcast for the Week of 27 Nov 2017

Robin's weekly DLC webcast for the week of 27 November in collaboration with Soc Gen is online!

You can watch it via this link:

https://www.tradingkungfu.com/livetrading/


All posts and charts are for educational and illustration purposes only

Hyflux - New Low Today But The Worst Is Yet To Be


All posts and charts are for educational and illustration purposes only