Chart[12] - Venture

Venture has been growing steadily in earning, as well as giving constant dividend (>0.5 per share) throughout the years. With such characteristic, its shares used to be range bound between dividend yield from 5.8% to 7%. On EX date, price used to fall in the amount of dividend given. It presents yield hunting period for investor instead. Next EX date falls on 5 May, which is next Thursday. Immediate support is 7.8, next would be 7.16. 

*** Note: Same counter has been mentioned in Feb[5] @ 2016 ***

Chart[11] - Ying Li

The counter formed double bottom break down at 0.149 on Dec 2015. Since early 2016, it has been gathering strength to push up but retreat from 0.149. Lately, it saw high transaction again with price edging up again. In first chart (daily), EMA10 has cut up from EMA20. In second (weekly), price rest before EMA20. Shall it form double top break up from 0.149, next resistance is 0.168. Trend could have changed if it back down to 0.136.

Chart[10] - China Everbright

The counter saw accumulation volume since mid Feb. On last trading day, it ended at 0.525 with 8m of shares transacted which is pretty bullish. Shall it break up from resistance line at 0.525, next resistance line could be 0.59. 

*** Note: Same counter has been mentioned in Chart[8] @ 2016 ***

Char[9] - IPS Securex

The security solution provider listed on 2014 and quickly caught attentions among trader. It has implemented shares split in last two years due to overwhelming demand. The price rose quadruple in half year since IPO. After first shares split, it surged to three folds in six months again. Price seems to calm down after 2nd shares split.

Recently, the counter has seen some significant volume in transaction again. EMA 10 has cut above EMA20 with bullish candlestick. Shall history repeats, the counter could be shining star again. Immediate price resistance is 0.275. Historical height is 0.9. Immediate support is 0.186.

Chart[8] - China Everbright

Upper chart shows that buyers could be positioning in the counter as volume is significant with price moving upwards. Lower chart shows that price rebounding from EMA20 and breaking EMA10. Trader could take entry ~0.51 and target profit at ~0.54 which is upper band of Bollinger Band. Shall price break down to 0.49 (middle of Bollinger Band), trend could be pointing down.

Chart[7] - Local Banks

It was an exiting week for local blue chips as most were facing strong rally. Buyers over the past few months might be seeing light in end of tunnel! This round we combine valuation (fundamental analysis) and major resistance lines (technical analysis) in the following counters. Let use P/B ~1 as the min target (as price is still attractive) and dividend yield closer to 3% as the bonus (price tends to be less attractive). Investor could decide whether to enter or exit from the counters accordingly. Similar method could be applied on other counters as well. For potential sellers, it would be wise to spread exit points instead of one, because you might not want to miss any surprise that market brings you.

DBS:

Buyer has been in upper hand over seller, as the uptrend followed with significant volume. Current price is still below its book value. Room for value hunting is limited as of now. 

OCBC:
Similarly, the counter is under bullish trend. It has broken resistance at 8.03 and 8.52. Immediate resistance is 8.85. Buyer shall wait for a retreat. However there is not selling signal from trend yet.

Note:
Net asset value = entity's value - entity's liability 
P/B < 1 means price is under net asset value.

Chart[6] - Singtel

SingTel has completed its first wave of rebound from 3.4 to 3.8. It retreated to 3.64 then bounced to 3.7. It showed that support @ 3.64 is firm. Price could be either range bouncing, or forming higher high.

 

Adding indicator, EMA10(Close), EMA10(Open) and EMA50, price rebounded from EMA50. Trader could take position for potential upward movement. Trend might look down shall price break down from middle line of Bollinger Band ~ 3.64.