MSCI SINGAPORE futures after the nice impulse until the 333 level started a retracement move. The market touches the 0.382 Fibonacci level over a support structure and started a consolidation move. IF the price will break and close above the minor resistance structure, we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep...
Worth watching. If it breaks & closes above $4.10 it will be bullish. Be patient
On the daily chart, we see a larger symmetrical triangle formation. Off late, the stock has been restricted to a narrow range of 1520 to 1580. The daily RSI has turned flat, however, the daily MACD shows loss of bullish momentum following a sharp rally from late Oct to mid November. Hence, a bearish break from the narrow range of 1520-1580 appears likely....