Trend Analysis: Oil,Coal,Coal ProducerUS Oil: Blue
Newcastle Coal: Light Orange
Indonesia Coal Producer: Candlesticks
Is Geo Undervalued or Unable to Benefit?I noticed Geo Energy, an Indonesia Coal Producer used to follow the USOIL trend quite well (in blue). But in recent times, it hasn't. I expect the price of coal to sitll follow crude oil. Is this because Geo Energy is no longer able to capitalise on the recent oil price rise? Or is Geo Energy Undervalued?
Cup and Handle pattern in DBS on daily chartThe ideas section looked empty. So putting a potential idea.
HawPar stock may fall furtherStock Haw Par (H02.SI) Singapore listed stock trading below 55 days MA.
Macd indicator also signals below zero line which is also negative.
After break of major support 12.30 stock to level of 12.10 and 12.00
COSCO SHP SG may test 0.330Stock can test level of 0.330 in coming days after breaking major support of 0.345.
Also MACD indicator pointing downward trend with trading below signal line.
Stock facing immediate resistance around 0.370 as per price rejection around this level clearly visible.
Genting Sing Stock (G13) in uptrendGenting Sing (G13) stock tested rising trend line around 0.960 level.
Stock can rise above 1.05.
As per moving averages trading sideways
can be also one indicator that stock going to trade side ways quite some time but give upside breakout after recent higher high formation.
Keppel Corp forming rectangle patternKeppel Corp forming and trading Rectangle Continuation pattern.Today price actin saw huge bullish candle close near high end of rectangle.candle for looks like Bullish Morbozu with open and low remains the same.
One can keep watch on stock for breakout.
SIA Singapore Airlines can be a range playSingapore Airlines stock will trade in range of 9.50 to 9.90. if stock break this trading range either on upside or downside.
As to look sector as whole airlines stocks globally have headwinds higher fuel prices.Recent fall in oil prices be good for these stocks.
Positive only above break of $10.Below 9.50 slide to 9.30-9.00
