×Disclaimer: This blog is not associated with Phillip Securities Pte Ltd or any other entity in the Phillip Group of Companies (collectively, the "Group"). Any views, opinions, references or other statements or facts provided in this blog are personal views of Robin Ho and are not supported, sanctioned or endorsed in any way by the Group. This chart is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. It does not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or invest in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein are suitable for you. The information and/or materials are provided "as is" without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials.
Friday, June 23, 2017

US Markets

All my charts on Dow, Nasdaq and S&P are flashing red. Its time to de-risk, the axe could fall anytime. Dow transport continues to lag Dow Industrial, a signal in Dow theory that the current rally in Dow could lose steam soon. Rusell 2000 falling behind S&P is also show a bearish divergence signal in that the big caps rally is not spill over to the small caps.


All posts and charts are for educational and illustration purposes only
Thursday, June 22, 2017

Comfort Delgro

Another victim of technology disruption. It's ripe for a breakdown of its strong support at 2.39. Below this level is heading for 2.20 and 1.98.


All posts and charts are for educational and illustration purposes only
Wednesday, June 21, 2017

Yangzijiang

On 2 june when YZJ was at 1.29 this blog said that Yzj could have peaked and correct to 1.21. Today it has broke its crucial support at 1.20 and is poised to go lower to its next target 1.14 and 1.08. Yzj builds bulk carriers, commodities prices has been coming down after an promising rebound in the 1st qtr of the year. Prospect of more orders for bulk carrier and container ships looks bleak as ship owners cuts capex..


All posts and charts are for educational and illustration purposes only
Tuesday, June 20, 2017

Noble

Prediction yesterday was spot on. The price action today move exactly according to prediction yesterday. This is the power and precision of this blog proprietary price action strategy. This blog said Noble could hit 0.6-0.62 and will be a seller at these prices. This blog also predicted that before Noble hit 0.6-0.62 it could face strong resistance at 0.485. BB could have taken advantage of the good news yesterday to unload today. More weakness is expected in the near term.



Noble peaking out at 0.61 was predicted on Robin's live chat.


All posts and charts are for educational and illustration purposes only
Monday, June 19, 2017

Noble - Credit Line Extended For 4 months Till October

Noble - News of creditors extending of Noble's credit line till october and in exchange the creditors have asked noble to look for a strategic investor, raised hope that Noble could have at least another 4 months to look for a White Knight drove the share price up 15c to 0.475. Noble face a strong resistance at 0.485. If it can hold above this level the next resistance is at 0.52. This blog will be a seller at 0.60 -0.62 if it hits this level.

All posts and charts are for educational and illustration purposes only

Singapore Property Stock Could See Resurgence In Interest.

Singapore residential property index has underperformed the Hong Kong Index since the government imposed cooling measures in 2013. Since the government rolled back some curb in Mar, it has sparked some renewed interest. Government land sales are drawing interest, a Chinese consortium fetched a record price bidding  $1 billion. Spore properties are so cheap now that a `Shoe Box' home in HK can cost as much as a prime property here. Another positives for Spore private residential property is the supply have peaked in 2016 but Why are listed developers selling when prices are in such a doldrums? The reason is under spore rules since 2011, developers must built and sell properties within 5 years failing that they have to pay 10-15 ABSD tax on the land purchase prices, In addition,  developers with foreign shareholders have to meet the Qualifying Certificate rules which requires them to complete construction of Non Government land sales within 5 yrs and sell them within 2 years, failing which they have to pay a 8-24% extension fees of land purchase price to extend  the deadline up to 3 years. All these factors have artificially weighed on property prices, making the prices look cheap compared to Hong Kong. This blog believe as Hong Kong property prices continue to surged,  Singapore properties could benefit for some spillover investment into properties here. KSH, Wing Tai, Wheellock and UOL uptrend is likely to continue.

All posts and charts are for educational and illustration purposes only
Thursday, June 15, 2017

NASDAQ - Breaking Down Soon

NASDAQ - Breaking Down Soon! The Index has been trending up above the 50 Days Moving Average and the prevailing trendline for the last 7 months. The 50 days MA and the trendline has been trending alongside for the last 7 months and Nasdaq has not fallen below this 2 indicators. A break below this levels will trigger a sell down into the 1st Bear Zone. If the first bear zone is breached the index enters the next Bear Zone.


All posts and charts are for educational and illustration purposes only
Wednesday, June 14, 2017

Alliance Mineral - Sell on News Phenomenom Happened Again

Alliance Mineral - Sell on news phenomenon happened again today. It is likely to drift down to 0.305 before the next news catalyst is announced. Strong resistance remains at 0.36 - 0.366. Bulls were tricked by the Big Boys again!
All posts and charts are for educational and illustration purposes only

Market Outlook 8 July 2017 - Register Now

Here’s the link to register for the next market outlook https://goo.gl/Cm3uk3

All posts and charts are for educational and illustration purposes only

Gaining a Trading Edge with Market Depth

I will be speaking at a highly anticipated seminar at SGX tonight about how to gain a trading edge using market depth! For those who have signed up, see you tonight!


Photo taken at SGX Symposium on 6 May 2017.

All posts and charts are for educational and illustration purposes only