Price in 5 mins shows unreasonable price & volume formed. Despite high volume traded intraday, but the stock price stays within the range. This could mean the "Jedi" are holding the price up while churning volume to looks good to the public.
From our analysis, we find these price movement a price peak & a possible short term retrace is building up. Which going...
Has been away awhile from here! Hope everyone is doing well in the stock market! Let's dive into our analysis on SIA C6L
Recent fall shows signs of volume supporting the price at the previous low in the 5 mins chart (yellow box).
With price moving slightly higher could be a sign of short term rebound is on the way.
Our trading method:
Taking advantage to...
DBS established a strong support zone at the $31.6 mark
Double bottom structure played out nicely
MACD @ oversold
Consider this a pretty safe buy entry for accumulations
Personally, I bought in at @ $31.9
Recent rebound in SIA shows multiple high volume in 5 mins chart yesterday with limited price up.
This indicates the big boys are churning at the high price to creates Fear-Of-Missing-Out to retail investors to place order in.
When there are enough buyers at the lower pricing, the big boys will start selling for profit taking.
SGX NIFTY major levels for today 21st Feb
Please follow strict risk reward and stop loss if you follow my levels...
Charts for Educational purposes only
Thanks,
V Trade Point
ENTRY: 17.50
SL: 18.04
TP: 16.96
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FF -ve
- Weekly timeframe shows lower highs and lows.
- Reversal to uptrend since 28 Oct 2022 and currently seems to reach the peak.
- This is a reverse trade.
#SGXNIFTY one smaller timeframe breaking out , also with support
Look like recovery possible
but also lot of gap inbig timeframe which might be covered
SGX NIFTY rounded bottom clearly indicates that more upside coming even bigger so I'm giving just 20000++ targets buy on any short fall definitely will be profitable. A new bull run is coming expecting unimaginable Target, that's how the pattern tells. Thank you.
ENTRY: 1.27
SL: 1.16
TP: 1.35
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- First breakout from range on 22 Sep 2022 with volume before retracement to resistance-turn-support area (1.03) and rebounded with volume on 6 Oct 2022.
- Breakout today from ascending triangle pattern.
- Entry today based on...
ENTRY: 0.840
SL: 0.965
TP: 0.805
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FF -ve
- Moving averages are aligned.
- Breakdown on 13 Oct 2022 and tried to pullback in the next 2 days with resistance from support-turn-resistance area (0.900) and 10EMA.
- Entry based on today breakdown, >3% from 10EMA and engulfing red candle.
One can go long in index
At current levels
Sl 30300
Tgt 31250 31400
Ask your financial advisor before taking any action based on my view
Only for educational purposes
SGX NIFTY indicates it's not gonna coming down this time I see so this Megaphone/Horn pattern to break upside. Let's talk about target above 18K : one sided target is 20000. Simply and effective it's strong this rally must be historic I'm telling you get ready for it. Thank you.
ENTRY: 7.08
SL: 6.90
TP1: 7.22
TP2: 7.51
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Cup and handle pattern from Jun 2022. Today looks like breakout from handle.
- Entry today based on breakout and >3% rebound off 10EMA with volume.
