For those interested in Singapore equities market, here's one potential setup. Price has been rallying since the low in 2016 @ 16.77 to the recent high in 2017 @ 24.59. Price has developed a complete 5 waves structure, and according to Elliott Wave principle, we are now expecting a potential 3 waves retracement. This gives us a potential short term trade...
This counter reminds me of Rowsley. I will want to wait for Bullish momentum. It has Upside "explosive" potential. My view holds still as long as 0.37 holds. Trade Safe, s0nic
The market turns as expected for now. Let's see it swing up from there/. 0.4 level shall be first stop and going 0.43 shall be easy.. Trade Safe, s0nic
Weeky chart- I am neutral on this. Usually for a descending triangle it break support and go lower. But it isn't true, it sometime still does break resistance and go higher. We shall see in a 2-4 months times.
After month of hiving, this counter has shown its real intention. "The Emperor has no cloth".. 1.80 should be easily on sight once, the support 1.95 region is cleared. I am standing with BEAR now. Just do not be over bearish. It need to break 1.95 first, which is very likely. Trade Safe. s0nic
We are seeing very strong reversal is unfolding. The Risk and the possible reward is just too good. I am seeing it can swing up to 0.99 level. We shall shall as it unfolds. I am standing with BULL for now. Trade Safe, S0nic
Top 3 Reasons to Short this one, 1. Bearish AB=CD pattern completion 2. Elliott Waves, 5 impulse waves completed. 3. Bearish Divergence Risk Reward: 1-2