PLS - Previous analysis was done on 9 Sep - Suggested waiting for a strong trend reversal - Today’s price action is accompanied by above average volume - Stock is again testing the counter-trendline (red dotted line) - A break of the $2 psychological support might see the stock test the mid-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest...
SHL - Previous analysis was done on 7 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry - Recent price action has provided a slightly better setup for entry - A successful rebound to around 42.75 levels would present an opportunity for entry - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful...
JHX - Previous analysis was done on 9 Sep - Suggested entry around 53.50 levels - Recent price retracement has seen the stock test the short-term support and successfully rebounded - If you missed out the previously suggested entry, current price levels still present some buying opportunities - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at...
ILU - Previous analysis was done on 9 Sep - Suggested entry around 9.90 levels - Since then, the stock has rebounded off the short-term support and created a new all-time high today - If you missed out the previously suggested entry, current price levels still present some buying opportunities - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at...
ASM - Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry - Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good - If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition - Any further drop to...
360 - Previous written analysis was done on 8 Sep -> suggested waiting for rebound wave before plotting entry - Today’s price action is a nice pivot and a new Higher Low (HL) has formed - A successful rebound look to be around 9.60 levels - Potential psychological resistance at 10.00 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for...
SUL - First time doing a written analysis on SUL - Has history of multiple uptrends but also multiple downtrends - Strong resistance zone at 13.50-14.00 levels - Stock has been forming LHs and Lower Lows (LLs) since August - Any break of 11.60 support could see the stock test the 10.80 support levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting...
LYC - Previous analysis was done on 31 Aug - Suggested waiting for successful rebound to 7.50 levels - Stock recently formed a mini retracement wave and today’s price action would be considered a successful rebound - Technically, the stock hasn’t successfully rebounded after the mid-Aug retracement - To manage risk, half position entries are recommended - R is...
IGO - First time doing a written analysis on IGO - Has history of multiple uptrends but also multiple downtrends - Historically, the stock has traded in a tight range that is bounded by strong resistances and supports - Created new all-time high a month ago when it briefly tested the 10.00 psychological resistance - Stock recently formed a Lower High (LH) and...
CSL - Previous analysis was done on 2 Sep -> suggested half entry around 307 levels if comfortable with overhead resistance zone - Recent price action has seen the stock nicely rebounded of the counter-trendline -> This is significant as the counter-trendline used to be a resistance (red arrows) but has now become a support (green arrow) - Be mindful of overhead...
CAR - Previous analysis was done on 1 Sep - Suggested waiting for a successful rebound and entry around 26 levels - Today’s price action is good albeit slightly below the daily average volume - Created new all-time high - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of creating new highs
ARB - Previous analysis was done on 2 Sep - Suggested waiting for a successful rebound to around 54 levels - After slowly retracing to the short-term support, today’s price action is the first sign of a technical rebound - From a technical perspective, a successful rebound would be around 54 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting...
WES - Previous analysis was done on 30 Aug -> suggested to wait for price recovery above the short-term resistance before any entry - I also mentioned that any further drop in price will constitute a Structure Break - Stock is currently trading at the 58 support levels - Traders should execute their Stops once certain pre-determined prices are...
TLS - First time doing a written analysis on TLS - Stock was in a long downtrend since 2015 and this introduces a lot of overhead resistances - Stock looks to be challenging the 4.00 resistance soon - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of overhead resistances before entry and only if comfortable with the multiple...
QPM - First time doing a written analysis on QPM - Stock started to show uptrend in 2021 - Currently trading near a resistance that was formed in 2012 -> it would be more difficult to sustain the overall price trajectory - I usually classify stocks less than 50 cents as a penny stock as a relatively healthy pullback to the short-term support could see price swings...
JHX - First time doing a written analysis on JHX - Nice uptrend over the last few months - Stock is trading near all-time high regions - A pullback to the short-term support would be better for the overall health of the trend - A successful rebound look to be around 54 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting near 54 levels if...
CAR - First time doing a written analysis on CAR - Has a history of good uptrends over the years - Recent price action since mid-Aug has seen the stock gone up quite far from the short-term support - I was hoping to see a stronger pullback to the short-term support for a better setup for entry - This week’s price action shows signs of a reversal and the stock...
MPL - First time doing a written analysis on MPL - Over the last 6 years, the stock has been trading within 2.40-3.60 levels - Stock is currently trading near all-time high regions -> A successful breakout has a potential to see the stock fly - Price consolidation over the last 2 weeks to test the short-term support looks like a breather before testing the last...