CHINA AVIATION OIL(S) CORP LTD.: COMPANY OVERVIEW

TLV Holdings Limited was incorporated in Singapore in 1997 under the name "TLV Holdings Pte. Ltd.". And later changed its name to "TLV Holdings Limited".  It engages in the wholesale and retail sale of jewelry in Singapore also provides pre-owned jewelry and watch pawn broking and retailing services. It provides the after-sales services to customers like repairing and engraving, and customization works like setting of loose diamonds, alteration of ring sizes and plating of jewelry. TLV also participates in exhibitions and sells jewelry in the United States, Europe, the Middle East, East Asia, and Southeast Asia. It consists of a retail network of approximately 19 retail outlets under the brand names of Taka Jewellery and Lovis Diamonds; and 2 pawnshops in Yishun and Serangoon Road.

FINANCIAL VIEW

• The ratio of asset and liability is increasing as y-o-y figures are considered.
• The net income is continuously increasing, as well as Gross Profit is also increasing.

STOCKS TECHNICAL:

SGX Symbol	42L	Currency	SGD
Last Done	0.590	Volume(‘000)	21950
Day’s Range	0.590-0.590	52Weeks’ Range	0.50-0.90

Weekly Chart

S1	S2	R1	R2
0.158	0.138	0.199	0.215

TECHNICAL INDICATORS:

Daily Chart: It is a relatively new counter with strong fundamentals and has recently started to move in an uptrend with good volume. Fibonacci Fan Tool also suggest that if it moves beyond the level of 0.170 it will go upto 0.200 to 0.215 in short to mid term. Moreover, the bollinger bands rule is also suggesting its continue uptrend in the coming few days. With minor corrections if any.

Weekly Chart: In weekly chart also it can be seen that if 0.170 is crossed the next resistance level will be at 0.215.

Our VIEW:

Overall Trend: Overall trend seems to be Bullish in short to medium term with some minor corrections, if any.
Short term View: Bullish above 0.170 , with support at 0.158.

Long term View: Bullish above 0.200 , with support at 0.170.