leonggw

leonggw

Based on the Daily chart, HSI has surged alot since end of April 2024, now we are going to check when is the next resistance, or further resistance. Based on Fib i drew, until today, it hit R1, which was the support during Aug 2023. Breaking R1, next resistance will be around 20240, this is a major resistance as it was the peak during Aug 2023, Jun 2023, May...

leonggw Updated 

Based on my previous monthly chart, the trend has bottom at the hidden lines, and now switching to weekly chart, the trends has hit upper resistance. It may be a breakout for HSI to pursue further uptrend if it can maintain above the resistance line. If referring to Daily chart, the price is almost hit MA200, further up will test resistance at 18100.

leonggw

Just my 2 cents. 1. RSI Divergence from 2019-2023, similar to 2001-2003, something that looks interesting. 2. HSI retraced from 2018-2023, the longest correction from Monthly chart. 3. HSI has dropped ~47% from peak, which is quite safe to look for entry. 4. Will be waiting for news to stimulate HSI and also China indexes.

leonggw

H&S is formed, and its heading to break Fib Resistance, 49.50 is what we are waiting for.

leonggw

Since this stock is moving slow, so 1W chart is best to see it clearly. As can see the chart is growing forming Flat Top, and not diverging from RSI. From 1D chart, current stock price is almost the same with MA30, and MA200 price, so its worth to KIV. Wait to see the breakout around 1.470. Next Resistance would be around 1.630.

leonggw

Good to notice it has formed a nice inverted head and shoulder which is going to be uptrend again. It has been swing for 1 year to get this H&S, let's see how it goes.

leonggw

Inverse Head and Shoulder is formed, support around 20880. let see if the downtrend of HSI is ended.

leonggw Updated 

HSI been bearish for almost a year. A "Great Miracle" happened yesterday. Let see if HSI is strong enough to break through Fib line and Resistance Line.

leonggw

When in high price, Flat Bottom is to ensure if it's able to sustain at selling level, or it will surge up again.

leonggw

For day trade, this is a good pattern to look for. Flat top, so watch out, high chances it will surge up.

leonggw

A simple Fibonacci Retracement showing the Support from the peak. Moreover, RSI is low for this week, lower risk to collect.

leonggw Updated 

Chart wise, it is bullish and still continue surging higher with the incoming volume since early June. According to my previous graph, all the gradient shown Resistance and Support and it follows so well. With guidance of Fib, 0.612, 0.690 are Resistance, Support 0.525, 0.474.

leonggw Updated 

Flat Top Triangle is seen clearly, candles are following the lines so well, too good to be so well but worth to keep in view. Be alert with the maybe the patterns of candles will be alike Yellow flagged. It is out from the Flat Top Triangle when candles are out from the area.

leonggw Updated 

JFTECH released good result for 3rd quarter report on 11-05-2021. Red Hidden line is drawn as the gradient for Flat Bottom at 1.32. It needs to break the gradient and stay above 1.32. in order to surge up. NASDAQ and KLCI tech sector is retraced, so undeniably it unable to perform, but this stock always skyrocketing when there's lesser and lesser volume...

leonggw

It is interesting to see if ZM can break Fib 4.23 at 312, following breaking the Magenta gradient. If it's strong enough, it will go higher.

leonggw Updated 

Handle is forming now, by seeing double Top doji two days before, so today the candle chosen to be red, indicating the starting of forming handle. By monitoring the possible support, 0.605-0.615 probably is dip of the handle. Next, monitor the volumes from 1-3 days when candle with low volumes at support area. That is crucial which it will determine the next...

leonggw

It succeeded breaking out from the Magenta Temporal Resistant. And now it will try to break the Green Hidden Line. If it is strong enough, the direction will go as green arrow path. But it will be logical if it follow the blue arrow path, to get slightly retraced and surge again. Anyway, retracement is considered finished as long as it is not going down over...

leonggw Updated 

A flattop Triangle is forming, It could be seen lower and lower volume now but the daily candles just need to swing inside the triangle. EMA 120 is 4.17 around, fairly priced now from TA. Fundamentally, company is doing ok. From Fib Retracement, I'm offsetting a simple Resistant and Support line into 4.30, and 3.90 respectively. From the current pattern, it...