With inflation figures finally showing signs of cooling in the last few days, we have seen a spike in many share price of technology stocks that have been heavily sold down since beginning of the year.
What about AEM, UMS and Frencken which are some of the most popular stocks in Singapore?
Is the worst really over? Or can it be just a dead cat bounce?
This post was originally posted here. The writer, Joey Choy is a veteran community member and blogger on InvestingNote, with a username known as @JoeyChoy and has close to 5300 followers.
Since 4 Oct 2022, SGX has fallen for 12 consecutive sessions, logging its longest losing streak since IPO in 2000! Over the past 12 sessions, SGX has lost a total of 12.5%, or $1.19 to close at $8.33 on 20 Oct 2022. It is noteworthy that STI has only fallen 3.7% over the same period. In addition, SGX’s RSI closed 13.3, the lowest since 2008!
This post was originally posted here. The writer, Ernest Lim is a veteran community member and blogger on InvestingNote, with a username known as @el15 and has close to 600 followers.
Some noteworthy points below
a) Average analyst target: $10.08
Based on Bloomberg (see Fig 1 below), average analyst target price is around $10.08. If consensus is right and assuming that analysts do not change their target prices, SGX offers a potential capital upside of around 21%. Coupled with an estimated dividend yield of around 3.9%, total potential return is around 25%.
For the eagle eye readers, you will have noticed that since 10 Oct, there have been mixed analyst calls. To some extent, the recent decline can be attributed to the recent sell calls on SGX with target prices ranging from $8.00 – 9.25.
Figure 1: Bloomberg compilation of analyst target prices for SGX
The Inverse Head and Shoulders pattern is a chart pattern that has fooled many traders (I’ll explain why shortly).
However, if traded correctly, it allows you to identify high probability breakout trades, catch the start of a new trend, and even “predict” market bottoms ahead of time.
This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has close to 800 followers.
Want to learn more?
Then read on…
What is an Inverse Head and Shoulders pattern?
The Inverse Head and Shoulders is a bullish chart pattern that signals the buyers are in control.
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This post, How To Use Trend Line Correctly! was originally posted here. The writer is a veteran community member on InvestingNote, with username known as Rayner.
Trend Line is one of the most versatile tools in trading.
You can use it in day trading, swing trading or even position trading.
However, most traders get it wrong.
They draw Trend Lines looking like this…
I know I’m exaggerating, but you get my point.
That’s why in today’s post, you’ll learn:
What is a Trend Line and how does it work
How to draw a Trend Line correctly (that most traders never find out)
How to use Trend Line to identify the direction of the trend — and tell when the market condition has changed
How to use Trend Line to better time your entries
The Trend Line Breakout strategy
How to ride massive trends using a simple Trend Line technique
An Alternative Approach to Using RSI (Relative Strength Index).
Whether you’re new to trading or a market veteran, spotting trading opportunities can be a daunting task.
Most have discovered that profitable strategies are often simple without the unnecessary frills. But the key to profitable trading is understanding the market behaviours and devising strategies to capitalize on them.
In this seminar, CK will showcase a proven trend and momentum strategy based on Relative Strength Index (RSI). He’ll demonstrate how this unique strategy helps traders to successfully navigate the market.
Have you ever felt that the market is purposely going against you, like someone is always monitoring what you do?
Have you learnt tons of fundamental/technical knowledge and skills but still encounter difficulties to be consistently profitable in market (or even suffer huge losses)?
Do you like these feelings and scenarios to happen again and again?
Or would you like to change, become more confident and profitable in trading?
If you are a new trader, do you want to avoid gaining experience from huge losses like how many others do?
If your answer is no, then how do you test-drive new strategies and yet still beat the market without paying all your profits back while you learn?
In investing terms, longing a stock essentially means buying a stock, with the hopes of it become higher to make a profit. The opposite can be said for shorting a stock which means selling a stock with the expectation of the price can become lower.
However, longing a stock isn’t the only way to make a profit.
Short selling too, can achieve the same purpose.
A brief explanation of short selling:
Short selling essentially means you borrow a stock, with the expectation to buy it back at a lower price in order to make a profit. The profit is realized when the stock is bought back at a lower price and returned. Borrowing of stock occurs through brokerages.
In terms of transaction volume, there is also short sell volume. Short sell volume of a stock is the total number of shares short sold in the entire market during a given period of time. This does not include any CFD shorts. …
Due to numerous feedback on how to better utilise our free Technical Analysis (TA) charting tool, we’ve come up with a simple guide to help people who’re new to our charts get started in 3 minutes!
You can either watch our quick 5 minute video or refer to the user guide here.
We hope that this tutorial will help you utilise our charts better! The TA charts are completely free to use, and are one of the best free tools and resources in the market available to investors.
*Note: this tutorial is NOT teaching Technical Analysis, but the utilisation of the charting tool. All stocks, indicators and drawings shown are just for illustration purposes to show the functions of our tool.
