20171005-辉立证券-Technical_Pulse_5页_1mb

Technical Pulse Summary (5 October 2017)

Core Content

This document is a technical analysis update from Phillip Securities Research Pte Ltd, dated 5 October 2017, focusing on Miyoshi Ltd and Frencken Ltd. It provides insights into their price movements, key support and resistance levels, and market sentiment, with the goal of identifying potential trading opportunities.

Key Information

Miyoshi Ltd (M03)

• Entry Date: 23 August 2017
• Entry Price: 0.077
• Stop Loss: 0.062
• Take Profit: 0.086
• Current Sentiment: Bullish
• Support Levels:
  • Support 1: 0.065
  • Support 2: 0.063
• Resistance Levels:
  • Resistance 1: 0.080
  • Resistance 2: 0.086

Analysis:

• After a correction, the price found support at the 50% Fibonacci retracement level and the 0.630 area.
• A consolidation phase occurred between the 0.630 support and the 20 and 60-day moving averages from September.
• A breakout occurred on 4 October 2017, with a bullish break above the 0.074 resistance level and increasing volume.
• The 20-day moving average crossed above the 60-day moving average on 29 September 2017, indicating rising bullish momentum.
• The uptrend is expected to continue, targeting the 0.080 resistance level first, followed by 0.086.

Frencken Ltd (E28)

• Entry Date: 20 July 2017
• Entry Price: 0.525
• Stop Loss: 0.445
• Take Profit: 0.600
• Current Sentiment: Bullish
• Support Levels:
  • Support 1: 0.480
  • Support 2: 0.460
• Resistance Levels:
  • Resistance 1: 0.550
  • Resistance 2: 0.600

Analysis:

• The price was range-bound between 0.525 and 0.480 after the last update.
• The long-term uptrend remains intact due to the support from the 20 and 60-day moving averages.
• A bullish rejection off the moving averages on 10 April 2017 formed a Bullish Engulfing Bar, signaling a potential trend reversal.
• The price broke above the downtrend line with increased volume, suggesting the start of a new bullish wave.
• The uptrend is expected to resume, with the price aiming for the 0.550 resistance level, followed by 0.600.

Phillip 20 Portfolio Overview

The Phillip 20 Portfolio includes the following stocks with their respective details:

Company Name	Ticker	Position	Entry Date	Entry Price	Stop Loss	Last Price	Gain/Loss (%)
BLACKGOLDNATURAL	41H	Long	6-Jul-17	0.137	0.103	0.118	-13.87%
COGENT	KJ9	Long	22-Mar-17	0.780	0.725	0.965	23.72%
ELLIPSIZ	BIX	Long	3-Aug-17	0.645	0.575	0.815	26.36%
FRENCKEN	E28	Long	20-Jul-17	0.525	0.445	0.525	0.00%
F & N	F99	Long	24-Mar-17	2.220	2.220	2.540	14.41%
GOLDEN ENERGY	AUE	Long	2-Aug-17	0.425	0.360	0.450	5.88%
HANWELL	DMO	Long	13-Sep-17	0.345	0.295	0.345	0.00%
HAW PAR	H02	Long	18-Aug-17	10.930	10.500	12.190	11.53%
HI-P	H17	Long	3-Oct-17	1.410	1.265	1.535	8.87%
JUMBO	42R	Long	22-Sep-17	0.575	0.525	0.560	-2.61%
MIYOSHI	M03	Long	23-Aug-17	0.074	0.062	0.075	1.35%
PANUNITED	P52	Long	22-Aug-17	0.550	0.500	0.580	5.45%
RIVERSTONE	AP4	Long	12-Jul-17	1.065	0.995	1.040	-2.35%
SPH	T39	Long	25-Sep-17	2.750	2.530	2.710	-1.45%
SINGAPORE O&G	1D8	Long	14-Sep-17	0.490	0.420	0.475	-3.06%
THAIBEV	Y92	Long	14-Mar-17	0.955	0.825	0.895	-6.28%
UMS	558	Long	29-Sep-17	0.985	0.885	1.035	5.08%
VALUETRONICS	BN2	Long	14-Jul-17	0.825	0.740	0.955	15.76%

Average Unrealized Gain/Loss: 4.44% (based on equal weight of 5% on each trade)

Monthly Performance of Phillip 20 Portfolio

• May 2017: 3.37%
• June 2017: 0.33%
• July 2017: 2.73%
• August 2017: -1.26%
• September 2017: 1.36%
• Cumulative Return Since Inception: 10.96%

Key Takeaways

• The portfolio has shown mixed performance, with some stocks generating significant gains while others are still in a consolidation phase.
• The bullish sentiment is dominant across the selected stocks, indicating potential for further price increases.
• Technical indicators such as moving averages and Fibonacci levels are used to identify key support and resistance areas.
• The document serves as a technical trading report, not as financial, legal, or tax advice.

Disclaimer

This report is intended for personal use only and is not to be reproduced, distributed, or published.
The information and analysis are based on public sources and are subject to change.
Phillip Securities Research does not guarantee the accuracy or completeness of the data.
The report does not constitute investment advice, and recipients should seek professional guidance before making any investment decisions.
The firm may have financial interests in the companies discussed, and the report may not reflect all relevant information or be consistent with other materials issued by the firm.