Quarterly Review of current Chart directions
Singtel
Review: Prices still ranging within the descending triangle.
Plan: Trade the range
Review: Prices supported near Fib 0.236, pressing against the downtrend channel
Plan: Hold with eye to add if prices fail to breakout of downtrend and fall to the bottom of channel near previous lows 1.3x
Review: Prices still trending near Fib 4.236
Plan: Hold as overexposed in this counter so will not average down, eye to reduce if bounce towards Fib 3.618 (6.9x)
Review: Fib waves show possible support near Fib 1.618 (3.2x)
Plan: Trim if bounce near top of downtrend line
Review: Prices nearing the end of converging triangle, slight breakdown
Plan: Hold with eye to add if converging channel turns into a descending triangle with support near Fib 0 (6.0x)
Review: Prices fallen below Fib 1.618 (1.0x) of longterm wave
Plan: Hold with eye to trim if prices bounce towards purple line
Review: Prices ranging near Fib 1.618 (1.6x)
Plan: Eye to trim if prices bounce towards Fib 1.00 (1.8x), eye to add if prices fall towards Fib 2.168 (1.3x)
Review: Prices supported near likely original cycle Fib 1.00, still on track to reach Fib 1.618 (9.0x)
Plan: Hold with TP near Fib 1.618
Review: Prices ranging between Fib 1.00 and Fib 1.618
Plan: Hold
Review: Prices still resisted near Fib 1.00 of downtrend wave
Plan: Hold as breakout still possible with TP near 9x
Review: Prices ranging within the middle channel
Plan: Hold with eye to add if prices fall back to Fib 1.00 (2.8x) support ke yi ma
Review: Prices still ranging between Fib 1.618 and Fib 2.618
Plan: Hold as not expecting Fib 2.618 to be broken barring negative macro events
Review: Prices near support of previous low, with next support near Fib 2.618 (0.9x)
Plan: Eye to add if prices fall near Fib 2.618
Review: Prices look likely to fall near Fib 0.236 (0.7x) to bounce off the downtrend line
Plan: Eye to add if prices fall below 0.80
Review: Prices look likely to review COVID lows
Plan: Hold as don't intend to increase sizing in this ETF which is a pseudo hedge for commercial/hospitality
Review: Prices looks likely range within Fib 1.00 and Fib 1.618 for short term
Plan: Hold, as the chart is young, doesn't give a good gauge of mid-long term trend
Plan: Hold, same as Lion Phillip REIT ETF, this is intended as hedge for sudden recovery of other sectors except overseas variant
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As always, gentle reminder to dyodd.
