Singapore Stocks-Ichimoku Analysis

1. Noble Group

Update from post last week for Noble Group, price action is now between 1.23-1.25 and cloud hi at 1.21.

Technical Analysis (Ichimoku Charting)

While tenkan-sen is above kijun-sen, both are in the kumo range. Chikou span remains below the cloud lo, and forward cloud remains thick until further forward (After 11 Feb)

Trading Strategy (Ichimoku Strategy)

Current level remains good opportunities to establish long, with stop loss below 1.11. Look out for activities if price trades above 1.27.

2. Olam International

Unfortunately, price action never trades above 1.73, not to mention 1.78 as per last week post.

Technical Analysis (Ichimoku Charting)

While Tenkan-sen is above Kijun-sen, both are below the kumo cloud. Chikou span has just cut above the Kijun-sen, forward cloud remains thick, which means strong resistance to the price action looking to break 1.73.

Trading Strategy (Ichimoku Strategy)

If on CFD, may look to short with stop loss above 1.73. 

3. Hyflux

Just another Singapore Stock, Hyflux.

Technical Analysis (Ichimoku Charting)

Tenkan sen above the kijun sen, both in the kumo cloud. Chikou span already cut above the tenkan-sen and kijun-sen. Forward cloud is thick providing some support to the price action. Price action about the break cloud hi.

Trading Strategy (Ichimoku Strategy)

Can consider to start establish long at current level, with stop loss at 1.27. Price level to look at is 1.375 and above.