Bullish potential detected for SGP (and potential outside week)Entry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:SGP
- i.e.: above high of $6.48 of 26th August (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
NOTE: A potential outside week also exists for this trade - if preferred, await for trade above the high of the week ending 17th October (i.e.: above $6.56) for further confirmation.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 26th September (i.e.: below $6.03).
SGP
Bullish potential detected for SGPEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:SGP - i.e.: above high of $5.10 of 27th August (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $5.05 from 27th August.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 28th August (i.e.: below $4.92).
MSCI SINGAPORE INDEX ready for a new bullish run 🦐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.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Supergroup PLC – Awaits Symmetrical triangle breakoutOn 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. Prices could extend losses to 1427 (Sep 15 low) in this case.
On the higher side, it is advisable to wait for a bullish break above the triangle resistance.






