Skip to main content

Secura


Secura (43B): Potential Mark Up

Technical Observations:

Secura has been trading in the Mark down stage since earlier March 17. Selling volume during the period were larger than usual. However the enormous selling volume begins to ease off as the stock touches S$0.135 level and begin trading rangebound with accumulation behaviour. The stock has been trading in range bound for about 2 months before seeing a recent increased in trading activity.

The above provided us with technical reasons of a potential mark up with 1st target at S$0.15 and 2nd targe at S$0.16.

Fundamental Observations:
The company has announced that it has secured its first security service contact in the semiconductor industry on 22 June 17. Semiconductor is "The Industry" at the moment with global tech and semi-con industry booming. The increased buying activity may due to investors' expectation of improved earnings and future contracts from the semi-con industry.

Caution:
- The company is trading at a negative EPS of -S$0.014/share.
- The counter is somewhat illiquid.
- The counter is trading below the required MTP of S$0.20.
- The Accumulation period is shorter than 3 months.

Probable Trade Set-up:
E: S$0.144
S: S$0.137
T: S$0.150 / S$0.16
R/R Ratio:  0.86x / 2.29x


Disclaimer applies.

Most Popular

DBS Group Holdings (D05): Upward Move Expectations

  DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest  previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.

Keppel DC REIT (AJBU): Expect price to trade towards S$2.00

  Keppel DC REIT (AJBU) Expect price to trade towards S$2.00 We have observed a decrease in technical supply at the S$1.80 support area during recent trading sessions. Furthermore, a softer interest rate outlook could be advantageous for the Data Centre operator.  Consequently, we anticipate the REIT to move towards our initial target of S$2.00, with the potential to reach S$2.20 if it breaks through resistance. Our stop level is set below S$1.72. Disclaimers Apply