Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected.
Market reacted below desceding trendline resistance
RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level.
RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by...
View On Nam Cheong (29 Apr 2019)
There is some bullish attempt at the strongly contested region of 0.01 - 0.012 regions.
We will need to see if would the attempt succeed?
If yes, (only if it can Break out), it can cruise to 0.020.
Be careful as always. BTW, it is the penny counter. Not for the faint-hearted. I warned ya.
DYODD, all the best and read the...
USDSGD broke its long-term trendline during Thursday trading, but moved below this line during Friday trading in spite of the fact that oscillators are pointing towards a bit of an upward turnaround. RSI signals a neutral reading while the stochastic oscillator suggests USDSGD could make a leg up higher. Clearly, a floor appears to be around 1.3446 and 1.3453 with...
The main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business.
Suggest to look for opportunity to long
around 0.96 will be a good area to long
SL : 0.84
TP : Follow arrow
Moving averages suggest we have some more way to go down as we continue a strong downward trend. Moreover, the strength of this slide is notable. Resistance from February was broken as was resistance from January AND price action also broke a trend line from back in 2018. In spite of this, RSI and stochastic suggests we are poised for a rebound as both are...
Updated View On UMS (13 Mar 2019)
We had a strong breakout and it looks like a legit one,
We could see 0.82 easily soon and 0.88/0.94 will be next tgt levels.
DYODD, all the best and read the disclaimer too.
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The Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on...
Given the GBPNZD's rehashed inversions from month-old climbing pattern line, the match is probably going to return to the 1.8970-80 opposition locale, breaking the 1.9120 and the 1.9230 can engage purchasers. Be that as it may, the 1.9280-1.9300 region could keep the statement's advances past-1.9230, on the off chance that not, the 1.9380 and the...
View On XAU/USD (24 Dec 2018)
It is VERY Obvious that GOld is morphing into a BULL run.
So, it is wise to position yourselves into long side. Of course, I can be wrong too. Follow at your own risk.
LONG (entry is valid as long as the price is above $1,230)
TP3 $1297 (Hard...
Stock Wilmar international trading in tight channel range from 3.00 to 3.30.
As per price pattern and candlestick analysis stock can side further to test level of 3.00 where lower end of channel act as support .
Closing below 3.00 with volume can open down side in stock.
Capitalmall Trust stock traded in SGX trading at higher level consolidating near high after breaking from range of last two months.
If stock retrace some gains and pullback to moving averages can be good opportunity to enter in trade around 2.20 level with 2.15 as support with price 2.30-2.40
After Weak earning stock fall sharply and made low around 2.60.To consider downtrend is over stock have to close and trade above Level of 2.72.
All major Exponential Moving Averages are still pointing downwards. Fresh Down ward momentum picks up when stocks close below 2.60 and open downward trajectory till 2.50
Long with good conviction (++)
Buy on dips above 3020
Stop Loss: 2960
Take Profit: 3350
Price reacted above 2960.
RSI also reacted above support where in the past price has bounced before.
RSI also surpassed descending channel resistance.
Price and RSI shows a weak bullish divergence
RSI also testing 50% level.
2960.00 is the key support level to...
AEM HOLDINGS (AWX) stock trading above all short-term moving averages and recently stock also trade above 100 Day simple MA.
Stock breaksout with 3 months price range with volume addition on upside also suggest large players are building their position.