Dacai

$ISDN(I07.SG)This stock came to my attention when it surged 16% on 21 Jun because SAC Capital released a report with a target price of 0.97. However the big green candle couldn’t hold for more than a day as investors started selling to take profit. It dropped 13.2% from 0.755 over the next three days before rebounding from 0.655 to 0.68. This is a small-cap stock with 59.8% free float so the price is more volatile. In the daily chart, 0.655 is the first support followed by 0.62. In the weekly chart, 0.62 is a strong support.

The outcome of the peace negotiations is still up in the air, when Trump is one of the parties involved. I expect local banks to hit new high as the next earnings are expected to be good.

$Suntec Reit(T82U.SG)Suntec Reit’s earnings report for Q2 was generally positive. With the declaration of a dividend of 2 cents, this brings the DPU for the first half of 2026 to 3.936 cents which is a 25.5% increase yoy. Contributing factors were positive rental reversion for Singapore office and retail portfolio, higher occupancy rates and a lower provision for withholding tax as it is able to keep its managed trust status in Australia.

It should be obvious that the Trump Administration will levy tariffs by whichever excuse it can find so I think the tariffs are not as much of a surprise as before.

$Oiltek(HQU.SG)On the daily chart, the stock price of Oiltek appears to be consolidating between 1.66-1.67 and a support level of 1.59-1.60. The Middle East situation is escalating as I type and Brent crude oil price has hit a new high of 99.80 so I believe there is more upside for this stock. As it is a small cap stock, the price movement can be more volatile. I will split my purchases into a few batches to manage my risk.

With oil prices likely to go up and remain high for longer, there may be upside for alternatives like sustainable fuel and green energy.

$IFAST(AIY.SG)On the daily chart, the uptrend channel within which it has been trading appears intact. Post-market earnings report takes place on 24 July which is a Friday so it is crucial to observe how the market will react on 27 July. The key resistance levels to watch out for are 9.63 and 9.83. Support level is around 8.99-9.

It is difficult to tell if this recovery in chip stocks is a dead cat bounce. My gut feeling says no as the AI infrasture demand is real but the market is moved by smart money and what we can do is size our positions according to our risk appetite and set stop losses.

Trump’s vociferous posturing is not going to get the Strait of Hormuz open. In his past track record of “managing” relations with other countries, he has always made things worse and this war is turning out no different. Now we are faced with the threat of blockage of another strait and free marine passage rights in danger of being undermined permanently.

$Suntec Reit(T82U.SG)Keep it up, Suntec Reit! The stock price has been hovering around and testing the upper limit of the Bollinger Band for the past 2 weeks. Resistance is at 1.54. If it can break through that, it will set a new high for 52 weeks. I can’t wait to see that happen.

$Suntec Reit(T82U.SG)The chart is still looking good. A little pullback at this point after the formation of a “cup” is not unusual. The long tail wick suggests buyers are still in the market despite the red candle. If the sentiment holds, it may progress into a bullish cup and handle pattern later on. The handle should be less than half of the depth of the cup.

I’m looking forward to the earnings of the three big local banks. The stock price is likely to benefit from the growth in net new money and wealth management income given the continuing uncertainties in the Middle East and the rotation of funds from chip stocks.

$IFAST(AIY.SG)On the daily and weekly charts, we can see a bullish falling wedge seems to be forming as the price has broken above the upper trend line of the wedge. After breaking out, it falls and rebounds at the upper level of the wedge, forming a new support. This bodes well for the continuation of the uptrend.

I’m glad I exited my small gold position at a loss. If I had held on, I would be even worse off now. While some people believe in holding a bit of gold for diversification, I don’t think it works for me as it doesn’t pay dividend.

$Suntec Reit(T82U.SG):)

$Suntec Reit(T82U.SG)The price movement is progressing as I had hoped. KDJ is 84 so it is crucial to see if it can break through the resistance of 1.53. A cup is forming both in the daily and weekly charts. Currently the implied probability of the Feds raising interest rates has dropped from 45% to 12-17% due to inflation cooling so that is a positive thing for reits.

It is nice to see Apple’s stock price moving up again on news that Apple is looking to acquire an AI chip company. This will probably be its biggest acquisition in history. Hopefully this will help it to expand the power of its AI servers. With a new CEO in helm, we can look forward to more initiatives to make Apple stronger and cement its competitiveness.