In Nimbus Capital, our entry strategy consist of a 3 point analysis. 1) Trend; Is the trend in direction of our trade? Is it an uptrend or downtrend now? 2) Chart Structure; Is the price at support? Or is it breaking out? 3) Candle; Does the candle shows bullishness such as a hammer or engulfing? In the cause of Nvidia 1) Trend; The main trend is up 2) Chart...
From a long-term perspective, the low during Apr 2020 covid19 marks a higher low and creates major support at 2.50-3.00 level. Since then, prices have rebounded more than 60% and eventually hitting the resistance of 4.60. The price is now retracing lower and forming (seems like) a bullish flag on a smaller time frame. We have a few things to take note of...
Struggling airlines have always been the target of bottom picking from Traders; simply because "It's cheap now!" But is the risk worth it? There is a saying in the stock market "Buy Low, Sell High". Sadly though, the reality is usually "Buy high, sell higher" or "Buy low, sell lower" We have seen from examples such as Sembcorp Marine that traders who chose to...
Making new highs! Whether you choose to chase the price or are waiting for a retracement, there is two support that you should definitely watch out for! 1) 245 2) 220 - 200, this is more a zone. Your stop-loss price will have to be base on either one of the support. 220-200 is the price range in which major consolidation occurs. I.e loads of...
No doubt that Nike's surprise earning result and its gap up would tickle many Trader's FOMO nerves. Us included. The question is, is it too late to chase? In order to answer this question, we must first answer another question. Are you looking for a fast short-term Trade? If your answer is No, then the answer to the first question is also NO; it's not too...
Along with Boustead TheHourGlass is one of the counters recommended mentioned during our weekly webinar in 23May21. This is yet again another great example of consolidation and supply exhaustion. During an uptrend, the purpose of the consolidation phase is to exhaust the short-term supplies (otherwise known as weak holders). Once the supplies are gone,...
Consolidation occurs when there is a presence of sellers in the market. Price will remain sideways until sellers have exhausted, then it will eventually rally up. The exhaustion in supply can be seen in decreasing volume within the same price range. As a trader, you need to understand that buying within this consolidation means, you will be held for some time....
Once an O&G giant at $6.00, it's quite heartbreaking to see the company become a penny at 0.150. This drop is most likely due to the proposed rights issue to improve its gearing to explore the merger with Kepple O&M. Regardless of its overall future outlook, the Rights Issue is never pretty for existing holders. Sembcorp Marine just very recently executed an...
Price is currently consolidated between a tight zone of 27500 - 29200. These two-level form the current resistance and support. Until either level is broken, it is best to stay away from trading the HSI as the direction is unknown. Trading within the range is not recommended as the movement is choppy and the range itself is very narrow. You can get easily...
Uptrend has been broken.. for now. Immediate Support levels are at 1) 33500 2) 32400 3) 30900 Look for a rebound at these levels Major Support is ar 28000 - 30900. As long as this major support is not breached, Dow 30 remains bullish.
Justification: Bottom bottom with good accumulation volume Very Risky: Wide Stop Loss on a downtrend price action
Justification: Breakout from support with good volume
Justification: Potential Bottom. Resistance Break out
Justification: Protentional Bottom. Covid recovery play.
Justification: Uptrend with good momentum breakout Aggressive: A much tighter Stop Loss than usual.
A second attempt. Justification: Rebound from support with good momentum