DBS 24th Aug

I’ve been observing DBS for quite a while now, it basically flat-lined.
The range has been incredibly tight, with a couple of attempted breaks to the upside.
Is that interesting or wat?
chart attached.

Plays for 24/8

Ok, STI didn’t want to break under 2500 last friday.
To end the week, DJIA traded high and closed up +155points
However, after the close, they reported the failure of 3 more US banks, among them was a really major lender called Gauranty Bank.
I don’t know how this is gonna affect our opening. If there wasn’t any news of the bank failures, I’m certain we’ll gap up pretty high.
But with the news of the bank failures, I’m not sure how the market will react.
I’m inclined to think possibly gap up at first then trade down heavily..

Anyway, I found a few interesting counters over the weekend.

**Sinomem tech
NR7, super strong move up.
I believe the retracement should be of significant magnitude as well.
Volume hasn’t fallen even though price is going nowhere.
Lots of players, if either are proven wrong, I’m certain they’ll switch sides and contribute to the magnitude of the next move.
Will be watching the 0.51 level to go short and the 0.57 level to go long.
long side, target 0.63, fib extension.
short side, target 0.45, 50% fib retracement level

***DBS
Something is obviously happening here. price is going sideways in a very tight range.
support $12.50, resistance $13

**Tat Hong
NR4, price is consolidating on the MAs.
volume is falling.
long side trade might be worth a swing for a few days.

*Hyflux
bollinger bands squeezed then came the break, could be the start of a new leg up, but that huge long-tailed doji conflicts with this.
Price broke a new high then immediately a long tailed doji followed.
Down side bias to test the breakout level around 2.75, then about 2.46 support of the recent retracements
However, if $3 goes, then we should see much higher.

**CSE
just broke out to a new high.
retracements covered the gap, volume very high on the breakout day.
should be a valid break to the upside.
Difficult to swing short term for a good risk/reward since the stoploss would have to be very far down.
I’d be playing it intraday, if at the end of the day, there’s a good profit buffer, then i’ll keep part of the position to capture more of the move.

edit: made clearer analysis on some counters. 
the ’ * ‘ next to the counter indicates the extent of my favour in counter that it’ll be a good trade.

Plays for 14th Aug

I’m looking at the same 3 counters, UOB, DBS and Yanlord, with one new addition, Jaya Holdings.

Long side biases on all.

The banks aren’t leading this rally that is trying to get started..if they did, the STI would probably hit 2700 today! haha

If STI wants to reach 2700, I believe they’re gonna need the banks to move up as well.

UOB triggered today already, look out for high of last candle, tho it’s not a full body candle as what I would have liked.

Jaya is a very peculiar chart, looks like a flagpole and right now is where the flag is being formed.

DBS is an NR7, as well as a 3-5 drop bar setup. Looks like a pretty good long setup, even tho the CCIs aren’t ideal. The only thing which worries me is the volume, it rose on retracement instead of falling. But we’re seeing a lot of supernatural strength in various parts of the markests right now.
So yep, I’m a little more upward biased.
I wouldn’t be surprised if banks want to have a go as well.
Could be in either direction, I’ll be watching 12.56 for the downside and 12.84 to the upside,
Note the ATR to choose a decent target profit price.

Plays for 13th Aug

UOB and DBS are actually the top 2 picks.

UOB triggered the 3-5 drop bar setup 2 days ago. So far stops not hit so the trade is still valid, looks to be good till about 17.60 again profits and run, try not to hold over the weekend.
Daily ATR is about 47c from Open price

DBS looks like it might form a doji tmr or something, so take profits quick and run
Daily ATR is about 36c from Open price

Yanlord
In 3rd place but it’s nicely charted.
consecutive Inside Bars.
direction unknown, favouring the upside just cos the up trend has been very strong. Usually trends don’t disappear overnight.

Charts up tmr!

Big move on the STI coming?

I got 38 results from the NR scans today, yesterday there were about 26
This is coming after STI has made some retracement to the 2550 levels.
Perhaps ready to bounce up again?
A lot of counters have triggered the 3-5 bar setup today too.
(This is one of the setups taught at AAT)
Plays for 12th Aug

Too many counters with the NR to put up all the results.
So I’m cross-referencing them with the more volatile counters with likely higher profits.
Top 5 in terms of profit potential are Venture Corp, DBS, Ezra, Swiber and Yanlord.
However, Ezra and Swiber both broke the previous bar’s high, however it retreated back down and closed under the high.
So I’m gonna filter them out of the list.
That leaves us with Venture Corp, DBS and Yanlord

Venture
Long bias, 3-5 bar drop setup triggered on tuesday, watch out for continuation to the upside if high of yesterday’s bar is broken or using ORB or stretch.

DBS
Long bias, would trigger long if high of yesterday is broken or using the ORB or stretch to trigger.

Yanlord
Can you see the fake break above the last high here last week? It was confirmed the next day by a bearish engulfing candle.
Appears to be bouncing off the 50sma
long play on high of last bar broken or stretch or ORB.