Hi guys,

Just continuing my little update I did for the 4 SG tech counters. (AEM, HiP, UMS and Valuetronics). https://www.investingnote.com/posts/1416610

Quick summary: All four has just rebounded from their macd/rsi bull div. At the same time this rebound could be challenging the primary downtrend cycle resistance. If resistance breaks then I will follow up with the uptrend cycle channel. Cheers. 



$AEM(AWX.SI) This guy possibly did a descending broadening wedge and finally rebounded after forming a MACD/RSI bull div as stated in my comment from my previous post. Possible resistance lines as drawn for you.


$Hi-P(H17.SI) This champion cha cha for a period along the support line with macd/rsi bull div. Currently is still an intermediate uptrend within a primary long term downtrend. Gotta see whether it breaks the primary cycle resistance to affirm end of downtrend primary cycle.   


$UMS(558.SI) After consolidating at the 161.8% extension of the first correction which also happens to be a demand zone, counter has rebounded into a supply zone. Should expect some correction/consolidation before making a new high to form a possibly bear div. All eyes again on the primary cycle resistance line which has been tested to no avail. Maybe this time will break? 

$Valuetronics(BN2.SI) Rebounded after seeing a MACD/RSI bull div. Currently into a supply zone similarly to its 难兄. LOL Normally this guy will traverse from green zone to red one. Keyword: Normally.

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30 comments
Spinning_Top

Reply to @TiKongKia88 : Thanks for sharing!

leewe

Wah 四小天王 of sg tech stock?

ochartist

Kopisoh said chngkay needs to wake up his idea and work extra hard to push above Feb/Mar's high . . . otherwise many stale-bulls will get inpatient . . .

jellybeans

updates on HIP please ?

LFO

Reply to @jellybeans : +1. Thanks.

TiKongKia88

UMS hitting primary cycle downtrend resistance. Actually AEM and HiP too. If you guys need a new post for updates then let me know. A bit lazy to post detailed version here if there's no interest. lol

richardchua2

Reply to @TiKongKia88 : thanks TiKongKia 88 ur posts and updates do shows helpful points
will see the ums and others

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TheMustachianInvestor

wah.... valuetrnics please close strongly....

ivanhoe

Reply to @jellybeans : Any reason for the tech stocks to chiong? Apple, Huawei etc are being hit.

rafaellohyis

Seems like Hi-p, AWX and UMS have hit the first level of their resistance.

christophertan0

Thanks for sharing bro!

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Hi Guys,Here's the TA update from my last SG tech stocks post (https://www.investingnote.com/posts/1694839) 2 weeks ago. Enjoy! Quick Summary: Lots of optimism and bullish movement cause their respective ER seems to indicate the bottom of the semicon down cycle and supports the 2020 idea being recovery year for semicon.  Have to consider if the market is pricing ahead of the cycle though. Still unsure and can't put a finger it today's push is W5 or still part of W3 for some counters. You may refer to the individual TA for detailed analysis. 


$AEM(AWX.SI) Broke out of the mini uptrend channel after a minor correction to the purple zone, and now on it's way to challenge new highs. Observed RSI Bear Div a few days ago which saw the minor correction to 1.70. Still deciding if the high before that correction is end of W3 or the push now is still part of W3. In any case, since got so many supporters, I have indicated the mega uptrend channel for your reference. Could break 2.00. 



$Hi-P(H17.SI) This champion finally broke out of between the green and orange zone range. Currently I can see it following a STEEP parallel channel up albeit being at the top half of that steep channel now. Managed to find its way back to the green uptrend channel as well. Hopefully it can approach the red supply zone at 1.76-1.88. 



$UMS(558.SI) My favorite for EW and I actually use this favorite as a barometer for the SG tech sector movement. For the blue uptrend 5-Waves, W2 did a deep correction (>50%), W3 did a 300% extension of W1 and W4 did a flat correction (<50%). I have indicated the respective Fibo targets for W5 fyr. 


$Valuetronics(BN2.SI) This champion finally broke out of its repeat and also the downtrend (obviously after a good ER). So I guess now can look out for the respective supply zones. Currently in one supply zone so one has to monitor. Should it break above this supply zone, I have indicated the next supply zone around 0.850 mark.CheersTKK

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Hi Guys,

It has been about 6 months since I last shared my TA on SG tech stock so perhaps it's time to share again! haha

Quick Summary: Next trading day (04/11/19) should be exciting since AEM last ER (01/11/19) is quite positive. One might see bullish movements across the SG tech sector. On the other hand, I see limited upside in the short term from my TA perspective. SG tech counters have already made a good rally in Oct'19 and they are at their respective supply zones and resistances. You may refer to the respective TA below.


$AEM(AWX.SI). Currently testing resistance of uptrend channel, it made a small correction to the demand zone (orange) zone when it first hit the resistance and now it's back testing it again. 

$Hi-P(H17.SI) Price was rejected from the supply zone before the ER as it was simultaneously testing the uptrend-support-turned-resistance. Currently still hovering at near the supply zone/resistance. Last rally could be W3 though. 

$UMS(558.SI) Completed a 5-Waves downtrend and possibly a 5-Waves uptrend. At the moment I see last rally as W3 which should nicely end at the supply zone in red or the 261.8% extension of W1. Prolly W4 will take some time till Pre Xmas and period and then we should see a W5 pump upwards. ER should be latest 14th Nov. 

$Valuetronics(BN2.SI) I guess this champion would be the most predictable of all if you have seen its ranged pattern. As seen from the TA, price would enter the green zone before going up to the red zone and etc etc. Recently rejected by the supply zone and resistance. Will this time be different? Hah

A little bonus (Non SG Tech Stock)

$ComfortDelGro(C52.SI) Taxi should be consolidating in current range for a few days before continuing the uptrend. At least the RRR still acceptable from my pov. Made an estimation on the TP and holding period at https://www.investingnote.com/posts/1688400

Cheers
TKK

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Expiry:
Target Price
$0.69
(-6.76%)
NOW:

$UMS(558.SI) Hopeful after TSMC's ER, broke the 70cts mark, people suddenly popping bull estimates but my TA says correction is due. Assuming today marks the end of W3, we should see W4 in the making.

Estimate target is just a level I would consider entering again. Cheers.

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Expiry:
Target Price
$0.705
(+16.53%)
NOW:

$UMS(558.SI) Declining manufacturing and NODX data, people shouting/fearful of recession but my TA says short term uptrend. Assuming last up was W1, and today marks end of W2, we should see W3. If price goes below 0.565 then my TA is annulled. 

Since our grandfather of all TA chart @opy asked for chart, I will just leave it here in case it's lost in the comments. Please take note Blue (4) & (5) are placed ARBITRARILY. I need Blue (3) to end before knowing where (4) to end and (4) to end before knowing where (5) end. Cheers


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Hi Guys,

In case some of you like to have high tea, can yum seng with the 难兄s.

$Valuetronics(BN2.SI) 

$UMS(558.SI)

*For entertainment only*

Cheers

TKK

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