View On Sri Trang (17 Aug 2020) Sri Trang is experiencing big position swaps and it is proven the showing up of big volume. Since both sellers and buyers are getting aggressive, it is better to stand aside first and re-evaluate. At the same time, it is good to watch out for the break out candle. I am seeing as long as no bullish candle show up,it should retest...
This is an update from my previous post on DBS: Currently we have a risk free trade trade running on DBS SGX:D05 . Today I see another opportunity to be bullish, however we have to wait until it retraces to the nearest level. Big players are in the midst of profit taking from the previous bull run. Technically: downtrend channel resistance had been breached,...
Hmm what's my train of thought on this ticker SGX:BN4 , at first glance, it's bearish . Just a quick one, I would like to split into two style of trades: For a scalper : Mark the area $4.76 to $4.90, that is our waiting zone area. Once the price break either Support and Resistance, then you know what to do. If break the Resistance, our TP is at $5.20 If break...
SGX:D05 is now in the midst of ranging within the downtrend channel and there is no sign of reversal sighted yet. The overall sentiment is bullish bias and I am expecting the price to fill the Demand Zone at $20.00 or lowest is at $19.45 Thus, overall SGX:D05 is a good buy, but we are waiting for the maximum discount to long this stock. My personal call: Buy...
New Trend-Line for Nifty after Gap-up Opening and breakout , between US-CHINA worries , major support from Reliance to India50
Price is testing our resistance in line with our 61.8% extension and 78.6% retracement where we could see a reversal below this level to our take profit target.
For SGX, I am seeing limited upside before it reaches our sell entry, in line with our 50% retracement and previous breakout level where we could see a reversal below this level.
Hello Guys I mention my view on the chart Thanks !
Updated View On SGX (29 MAY 2020) SGX had a great fall and it has touched to strong swing support region $8 in recent days. That's the reason why we are seeing some pullback action. The pullback action may bring the price up higher but s long as it can't swing back above $9.2 region, we will expect to see more bearish actions soon. DYODD, all the best and...
Price is at a very respected trend line support (numerous touches), and in confluence with the 50EMA as support. Bullish engulfing / tweezer bottom candlestick pattern formed at this level, adding to the bullish setup. Stochastic indicator approaching the oversold area, suggesting further bullish action. Possible profit targets could include the 200EMA, the...
sgx nifty June future is showing positive flag pattern most probability is upside breakout
View On SIA (4 JUNE 2020) We are seeing a strong rebound in SIA for the past weeks and currently, it is at an important level of $4.30 region. This is the make (or) breaks regions and it is getting a little late to buy in. We may see some resistant at the region but as long as 3.65 is supported well, sooner or later we shall see $5 again DYODD, all the best...
View On Comfort Delgro (1 JUNE 2020) This counter has been downtrend since 2019 and it is kinda ridiculous to call for a SELL out of sudden. Anyway, I'd like to take note of the HUGH volume that occurred last week due to the News. So, I do not think it is good news for the counter and it shall not recover anytime soon as long as the price can't break above...
trading in perticular range when positive sentiment will come , posibilty to give upside breakout and make new value area.
if global sentiment is positive,sgx above chart should be correct
STOCK IN FOCUS: SIA The pandemic situation shocked many markets, and the impact seems to be just gaining traction in the West. The situation does not seem to be slowing down yet, and it will still take time for any recovery to the pre-virus phase. Aviation is definitely one hard-hit industry, with governments having travel advisories and even banning flights to...
we are now entering a historical support range of 0.70 - 0.88 . This is a strong support which has held multiple times in the past (July 2009, September 2016) with a subsequent bounce off this range. Price level in specific i am looking at 0.79 as the crucial support which has been continuously tested but has held for the past 3 days after a bounce from the lows...
View On SembCorp Marine (25 MAR 2020) This counter is in free fall recently as it can be pretty related to Oil production. Currently, the price has hit the upper band of multi-year support region from $0.45- to $0.69 and making a decent bounce. It may fall back to the region again once this hope rally frizzle out. Summary: Too late to short, and go Long...