Hyflux: Divestment as gap closed at $1.365.

My sell order at $1.365 was filled today. This is the gap filling I talked about before. Could price move higher in the next session? It could, of course.



However, the upper wick in today's white candle as price touched a high of $1.37 before closing at $1.35 suggests that selling pressure is very much present. Moving higher on lower volume compared to two sessions ago is also a sign of

Hyflux: Retest of recent high.

Resistance at $1.28 gave way today as price retested the recent high of $1.35. Volume was relatively high. This translates into a higher probability of price pushing higher in the next session. Remember that volume is the fuel that drives rallies.



MACD continues to rise in positive territory. Buying momentum is still positive and strengthening. The MFI continues to rise after bouncing off 50%

Hyflux: Early stage of trend reversal?

I was going to blog about Hyflux last night but I got home rather late. Anyway, Hyflux's share price has been rather bouyant. Immediate resistance at $1.28 is a relatively weak one but it does not mean that it cannot prevent price from going higher.


People sometimes ask me how do I tell if a resistance or support is weak or strong. If it was tested many times before, it is strong. If it was

REITs, NOL, ARA and Hyflux.

Hope everyone had an enjoyable long weekend and is not missing the holidays too much.

The bullish movement in the stock market should put smiles on the faces of long holders. Has the bear been vanquished? I think it is too early to think so. So, we might want to make use of the bullish sentiment to lighten our long positions.

For me, I am still heavily invested in selected S-REITs as they

Hyflux: Broke resistance.

On 15 Dec, I said, "Right now, $1.065 is immediate support provided by the 123.6% Fibo line. A stronger support would be at $1.015, the 138.2% Fibo line and a golden ratio."

Hyflux's share price touched $1.015 on 23 Dec, forming a white spinning top at the end of that session. A positive divergence was also formed in the process. A lower low in price and a higher low in the MACD. A buy signal.

Hyflux: Continuing downtrend.

My recent decision to go long in Hyflux has turned out poorly. It was a decision heavy on TA and almost nothing FA wise. So, should I cut? Regular readers know that I do not like to cut as prices are declining.

Prices go down a river of hope and I would like to cut on rebounds and if prices should test resistance. If the opportunity does not present itself, then, it is another stock for the

Bought Hyflux and AIMS AMP Capital Industrial REIT.

My overnight buy order for Hyflux at $1.20 was filled. Looking at the daily chart, it is immediately clear why I put in a buy order at that level. It is support. Even with a confirmation of a reversal signal, we want to buy as close to support as possible. Of course, luck plays a part because in very bullish circumstances, price could have gapped up and gone higher.



A white hammer was formed

Hyflux and Sound Global.

Regular readers know that I invested heavily in Hyflux Water Trust during the last crisis. I was drawn towards its very high distribution yield of some 17% and zero gearing at one stage as well as its very stable businesses. The Trust helped to grow my wealth significantly.


I continue to like the water business and believe that the world will continue to need solutions to water problems. In an

Hyflux secures funds of S$150m.

The Tuaspring desalination plant is part of a project expected to cost S$890 million, which the firm said it is "on track" to secure funds for this second tranche.

More fund raising exercises on the way, I think.

Related posts:
Hyflux: 6% perpetual Class A preference shares.
Hyflux: $800 million bridge loan.

Hyflux: $800 million bridge loan.

It was not so long ago that Hyflux offered $200 million of perpetual preference shares. At that time, I wondered why Hyflux had to pay a 6% annual dividend yield on those shares.


6% seemed a tad expensive to me in an environment where interest rates are very low. I concluded that Hyflux could be having some difficulty getting long term financing from financial institutions at even an interest