Chart: Quarterly Review (March 2024)

 

YYY China 80 Leaders ETF

Review: Prices resisted near Fib 1.618. Looks likely to range below the cloud for the coming quarter. Fib 1.00 and Fib 2.618 support and resistance levels to look out for.

Plan: Hold

China Feihe

Review: RSI showing the beginnings of divergence. Likely to see a build up towards a small reversal. Unlikely to clear the cloud though, with prices trending below max full blown downtrend Fib 4.236. Best case in coming quarters, a return to Fib 3.618 (7.xx)

Plan: Trim if return to 7.xx

CLCT REIT

Review: Chart looks prime for a short term bounce. Unlikely to break the brown kijun. Eventually possible to cycle towards Fib 4.236, back at GFC levels, if there is a global crash.

Plan: Sell if prices return near brown kijun.

HST ETF

Review: Prices have dipped and found short term support near Fib 2.618. Support and Resistance levels to look out for near Fib 1.618 and Fib 2.618

Plan: Trim if prices return near Fib 1.618

MLT REIT

Review: No change from before, prices still ranging between Fib 1.618 and Fib 2.618

Plan: Trim if near Fib 1.00, Add if near Fib 2.618

Keppel

Review: Theoretically I should get out soon with prices trading above max Fib 4.236. But in a re-rating, anything goes. And there's still room towards the top of the price channel, much more if it forms a new upper channel.

Plan: Hold, till at least in the 8.xx zone

SATS

Review: Still ranging near the Fib 2.618 support level. Support and Resistance levels to look out for near Fib 1.618 and Fib 2.618

Plan: Add near Fib 2.618, Trim near Fib 1.618

ABC

Review: Prices still ranging within the channel.

Plan: Hold till nearer 4.xx

China Mobile

Review: Prices still resisted near Fib 1.00. A break upwards sees potential at the trend line intersection near 90.xx

Plan: Hold till nearer 90.xx

Lion Phillip REIT ETF

Review: Prices likely to range between Fib 1.618 and Fib 2.618 for the coming quarters. I don't think REITs in general will escape from this structural shift unscathed. Might be a good opportunity to trade the range.

Plan: Trim near Fib 1.618, Add near Fib 2.618

ST Engineering

Review: To not overcomplicate things, orange line = crisis level support / purple line = normal retracement support.

Plan: Hold long long, Add during purple and orange levels

Nikko AM REIT ETF

Review: Same as Lion Phillip REIT ETF, I think prices likely to range between recent lows and further upside resistance levels of 10%-15%.

Plan: Trim near Fib 4.236

Thaibev

Review: Previous uptrend Fib 1.618 might be a support level to look out for. Very high volume in recent candles with little price movement. We might be seeing a short term support forming soon.

Plan: Hold

FLCT REIT

Review: Same as other REITs, looks like a range moment. Watch if a breakdown happens though. Because the lower Fib supports are some way off.

Plan: Hold

Singtel

Review: prices still ranging within the zone. Purple lines are support and resistance levels to look out for.

Plan: Hold

Kep Infra Tr

Review: Another likely ranging stock between the purple lines

Plan: Hold

Delfi

Review: With FA turning sour fast, I would presume the worst for TA. Fib 0.236 or Fib 0 to look out for support levels.

Plan: Hold

~

As always, gentle reminder to dyodd.

Chart: Quarterly Review (Dec 2023)

 Quarterly Review of current chart directions

China Mobile

Review: Still resisted near Fib 1.618 of the downtrend.

Plan: Hold with eye to TP if it breaks out nearer Fib 1.00 (88)

ABC

Review: Prices climbed back into the uptrend channels. Looks likely to range between Fib 0.236 and Fib 1.00

Plan: Hold.

Keppel Corp

Review: Prices bounced off blue tenkan, still on track to near Fib 1.618 (8.88)

Plan: Hold.

MLT

Review: Prices resisted by brown kijun. Any further upsides probably capped near Fib 1.00 (1.8x)

Plan: Trim if prices near Fib 1.00, add if prices near Fib 2.618

CLCT

Review: Prices still stuck in long term downtrend channel. Any further upsides probably capped near Fib 1.618 (1.0x)

Plan: Trim if prices near Fib 1.618

HST

Review: good thing is that prices appear to have broken above the lower wave trend line. Bad thing is that there might still be a further dip towards Fib 1.618 (0.54) before it attempts any support / reversal.

Plan: Hold with eye to trim if entries allow

ICBC

Review: prices near Fib 1.618 of downtrend wave but still not having hit it yet, which means there might still be a further dip before reversal.

Plan: Trim if prices bounce towards Fib 1.00 (4.0x) of uptrend wave.

China Feihe

Review: Prices likely near the bottom 

Plan: trim if prices retest the downtrend line

YYY

Review: Prices still in downtrend, hopefully supported at this level and bottom forms as it range within the descending triangle

Plan: Hold

DHLT

Review: Prices likely to range between Fib 1.00 and Fib 1.618 until further clarity in the market

Plan: Hold

Delfi

Review: Prices likely to range between the lower channel with support near Fib 1.618 (0.77)

Plan: Hold with eye to TP if prices breakout and nears 1.8x-2.0x

SATS

Review: Prices likely to range within the descending triangle until further clarity in the market

Plan: Hold

KIT

Review: Prices likely to range between Fib 1.00 and Fib 0.236

Plan: Trim if near Fib 1.00

Singtel

Review: Prices still ranging within the channel

Plan: Hold

FLCT

Review: Prices likely to see resistance near Fib 1.618 (1.2x), with best case scenario Fib 1.00 (1.3x)

Plan: Hold

Thaibev

Review: Chart looks terrible with prices having fallen below the downtrend channel. But as with previous breakdowns, prices tended to return to the top of the uptrend channel

Plan: Sell if prices recover to the top of the uptrend channel

CFA

Review: Prices has chance to retest Fib 4.236 (0.89) of the downtrend wave

Plan: Trim near 0.89

ST Engineering

Review: Prices still hanging above Fib 1.618 of uptrend wave which implies possibility of going higher towards Fib 2.618 (5.1x)

Plan: Look for entry near 3.3x and 2.8x during black swan crash

CLR

Review: Prices have chance to recover towards Fib 1.618 (0.95)

Plan: Trim if prices near 0.95

~

As always, gentle reminder to dyodd

Chart: Delfi

Delfi

Moving in cycles of 9 candles on month chart, with new cycle likely in Feb 2024

Prices will probably downtrend till the new cycle starts, which direction will probably depend on their full year financial report

Fib 1 (1.01) looks like first level support, with strongest support likely near Fib 0.236 (0.77)

Fundamentals look undervalued though not sure if their growth can be sustained, although Indonesia is supposed to have a growing middle class that might contribute to more chocolate consumption.

Will probably wait nearer Feb 2024 to look for entries.

~

As always, gentle reminder to dyodd

Chart: Nikko AM REIT ETF

 

Nikko AM Asia REIT ETF

Not improbable for prices to stage a V shape rebound back to its original support near Fib 4.236 (0.89)

Which represents a roughly 10 percent further recovery across its major REIT holdings 

Cycle appears to point towards a Feb 2024 time zone which I suppose coincides with the new year dividend reporting period for Reits 

But this would likely be a best case scenario 

though from a current yield perspective it doesn't make sense for prices to rise further unless like many say there is expectation for rate cuts early next year

The risk rewards look favourable for me though and if price reaches near 0.89 I may TP

As always, gentle reminder to dyodd.

Chart: SBS

 

SBS Transit

Immediate support near Fib 0.5 (2.36)

Lower support near Fib 0.236 (1.75)

Cycle of change may occur near Feb 2024

Fair value seems reasonable near 2.3x range, but dividends on the low side in current environment.

May wait for lower support 1.7x to enter if opportunity presents.

As always, gentle reminder to dyodd.

Chart: FCT

 

Frasers Cpt Tr

5 wave uptrend peaked slightly above uptrend Fib 1.618

3 wave downtrend midterm looks likely to retest recent low near downtrend Fib 1.618 (1.9x)

As always, gentle reminder to dyodd.

Chart: SATS

 

SATS

Prices near long term uptrend Fib ratio of 0.236 (2.3x) which can be seen as a strong support level

Volume appears to reinforce support at current levels

Below this level, next support will be Fib 0 (1.8x) for the Fib Elliot uptrend to continue

Full blown black swan level downtrend could bring prices to 1.6x

Personally I think the market is currently willing to support at Fib 0.236 (2.3x) levels, pending further company performance and macro conditions

Their debt levels are a concern

As always, gentle reminder to dyodd.

Chart: Kep Infra Trust

 

Kep Infra Trust

Prices ranging between Fib 1.00 (0.56) and Fib 0.236 (0.44) for close to 10 years

One would think that it is almost time for the cycle to change

Elliot Fib wave still shows it is in uptrend from its base in 2012

Bought a bit today

TP near Fib 1.618 (0.65) if it breaks out one day

Bottom support likely back at 2012 levels 0.3x if it falls below Fib 0 (0.41)

As always, gentle reminder to dyodd.

Chart: HSI and SSE

Hang Seng Index

Despite all the bearishness surrounding China/HK stocks, we see that prices are still supported at key levels and resuming their intended cycles.

2008 bottom

• 2008 fear induced selldown below Fib 1.618
• Rebounds near Fib 1.00 to continue its intended cycle back down towards Fib 1.618
• Reverses into uptrend from there.

2022 bottom

• 2022 fear induced selldown below Fib 1.618
• Rebounds near Fib 1.00 to continue its intended cycle back down towards Fib 1.618
• Reversal into uptrend probable if past patterns repeat?

SSE Composite Index

Also supported at key levels though directionally unclear at the moment.

As always, gentle reminder to dyodd.

Chart: Venture

 

Venture

Based on TA alone, appears moving in cycles of ~9 years

2000-2009 high to low = 108 candles (9 years)

2009-2018 low to high = 112 candles (9.3 years)

2018-2027 high to low = 110 candles (projected if past patterns repeat)

Possible supports near purple lines where we may see short-mid term bounces

As always, gentle reminder to dyodd.

Chart: MPACT

 

Mapletree PanAsia Com Tr

5 wave uptrend peaked slightly above Fib 1.618

3 wave downtrend nearing possible support levels between 1.2x to 1.3x

As always, gentle reminder to dyodd.

Chart: CICT

 

Capland IntCom T

Current downtrend nearing max fib breakdown 1.7x where we might see a bounce towards the upper purple line.

Long term downtrend showing likely lower support near Fib 1.618 (1.4x)

As always, gentle reminder to dyodd.

Chart: Quarterly Review (Sep2023)

 Quarterly Review of current Chart directions

Singtel

Review: Prices still ranging within the descending triangle.

Plan: Trade the range

China 80 Leaders YYY ETF

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

China Feihe

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)

ICBC

Review: Fib waves show possible support near Fib 1.618 (3.2x)

Plan: Trim if bounce near top of downtrend line

HST ETF

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)

CLCT

Review: Prices fallen below Fib 1.618 (1.0x) of longterm wave

Plan: Hold with eye to trim if prices bounce towards purple line

MLT

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)

Keppel Corp

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

ABC

Review: Prices ranging between Fib 1.00 and Fib 1.618

Plan: Hold

China Mobile

Review: Prices still resisted near Fib 1.00 of downtrend wave

Plan: Hold as breakout still possible with TP near 9x

ST Eng

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

Thaibev

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

FLCT

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

Genting Sing

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

Lion Phillip REIT ETF

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

Daiwa Log

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

Nikko REIT ETF

Review: Prices fallen below full blown downtrend Fib 4.236

Plan: Hold, same as Lion Phillip REIT ETF, this is intended as hedge for sudden recovery of other sectors except overseas variant

~

As always, gentle reminder to dyodd.