SG Stocks To Watch (First Resources)

First Resources (SGX:EB8)

First Resources displayed a sequence of bearish reversal signals over the past 4 days (shooting star, hanging mans) and closed today with another bearish shooting star implying a potential exhaustion of its rally for a near term correction. The bearish signals also coincides with a gap down in early May 2016 that was untested for over 3 months (the longer gap holds, the stronger the resistance/support). This creates a potential major resistance level for First Resources.

Observation in MACD and RSI reflects a bearish divergence as well.

SG Stocks To Watch (Asian Pay TV, Ezion & First Resources)

Asian Pay TV (SGX:S7OU)

Asian Pay TV has recovered marginally last week, after the earlier confirmation of a price correction from its Bearish Reversal Candlestick Pattern (Shooting Star).

At the current junction, it is still a mid term downtrend counter with lower highs and lower lows establishment trading within a downtrending channel. The levels to watch for the week are $0.585 immediate resistance level which would signify the first sign of strength in potential negation of this downtrend formation. A breakdown of support at $0.525 will continue to infuse further selling pressure towards its all time low at $0.525

FirstRes: Bullish Setup!

Bullish Signal: Bullish reversal candlestick pattern with Stochastic bullish crossover! Entry price: $2.07 Stop loss: $1.98 Profit target: $2.19 Reward to risk ratio: 1.3 Do like my facebook page https://www.facebook.com/jeffsunh for more trading calls! PS: the next seminar on 28th january is already full house! the following seminar will be on 9th February (Sunday) !...

FirstRes: Bullish Setup!

Bullish Signal: Bullish reversal candlestick signal! Entry price: $2.15 Stop loss: $2.04 Profit target: $2.28 Reward to risk ratio: 1.2 PS: Do email me at jeffsun@singaporestockstrading.com if you are keen to receive live SMS alert and join us in our next free seminar for more trading...

FirstRes: Bullish Setup!

Bullish Signal: Bullish flag in formation with retracing volume! Entry price: $1.895 with volume exceeding 2.5million by 12pm! Stop loss: $1.83 Profit target: $2.02 , $2.12 Reward to Risk ratio: 1.9 Note: Q2 2013 First Resources Ltd Earnings Release on 13th...