Prices are testing support in line with our ascending trend line where we could see a bounce here
Prices could push lower before it reaches our buy entry, in line with our graphical support area, 78.6% fibonacci extension and 78.6%, 127.2% Fibonacci retracement where we could see a bounce above this level.
Price is approaching our first resistance in line with our horizontal overlap resistance, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level to our first support target.
Price is approaching our first support in line with our 50% retracement, 100% extension and horizontal pullback support where we could see a bounce above this level to our take profit target.
Price broke the descending trend line, a break that we have been waiting for, we could be seeing a further bounce above this level.
Price bounced off a key support level and a break above our descending trend line could provide the bullish confirmation. I will only consider a long position after this trend line has been broken.
Price is approaching a key support level and a break above our descending trend line could see room for further upside.
Price is approaching a key support level where we could see a bounce here
UOB Q2 Profits and Dividends Cut. Short position taken M: Downtrend A: Resistance E: Bearish outlook and candle stick pattern E: SL 19.70 RR 1.50 Entry Price: 19.45
Hey everyone, here's my analysis on U11: Summary Price could drop lower to zone 1 between 13.18 - 14.24 before a bounce. Action: Buy Limit: 13.18 - 14.24 Analysis: 3 of the green zones highlighted above are support zones where we could see a bounce in price. Currently, given the situation that we are in with the Covid-19 outbreak yet to reach its peak, I...
It seems like SG UOB has been charting out a H-S-T patterns over the past 1 year. And similar pattern can be found in another SG bank stock - DBS. What makes UOB's chart interest is its complex variation from the classic H-S-T pattern. Everything in this construct came "double". It two double-headed S and arguably a double-headed H. Even the retraction from the...
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...