it has dropped about 17% from its peak and currently there are 2 support level to watch. It could rebound from here so I like to buy some shares but if it falls further to the 2nd level, then I will add some more. The important thing is it must stay above the bullish trend line.
Hold for ocbc banks, low risks Strong Financial Performance, OCBC maintained strong financial performance, with solid profitability, healthy balance sheets, and robust capital adequacy ratios. This financial strength provides a foundation for sustainable growth and resilience during economic downturns.
Looking at the daily chart, it seems like the short term momentum is waning a little. PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement. The PPMs 2 and 3 are still holding on it seems. So are the upward slopes of their respective SMAs. So we could get...
Could the Fed change their mind and not do any rate cut this year ? It is possible. First, the question was how many - 2 or 3 then when will they cut , May is out then they said is likely June and now maybe in September...... Reits does not do well in a high interest rates environment and thus explain the reasons why they have fallen from their peak, some 50-60%...
The daily chart is currently showing the momentum fading on the PPM1. It looks to be heading down after finding a near term top. As we can see price already trading in a range, it could mean that the market is trying to find a direction. This could either be finding a top or gathering momentum to continue upwards. For more clues, we turn to the weekly chart. We...
SGX:ME8U Basically, ME8U is trending in an uptrend and made a new breakout from weekly chart. Besides, the price action is well supported with big volume. Here are some ideas or thoughts of this stock : a) Clearly, Fed has mentioned that there is no increase in the interest rate and would cut it three times in 2024. However, please do pay attention to the...
Upward momentum continues to look stable. when looking at the charts for the next few days. The daily chart still shows stable momentum in PPM1 even as PPM2 and PPM3 are still struggling along. This may mean that the upward momentum will carry on for some time but is prone to suddenly dropping off. Note that PPM1 is only at 0.1928, not exactly a very strong...
Looking at the daily chart, it seems momentum is waning. PPM2 can't seem to maintain its position above the first derivative for much longer. Same goes for PPM3. While it seems like its all doom and gloom, note that the PPMs are only hovering around 0, not going into a trend. Looking at the weekly chart though, we see momentum looking to pick up, with PPM1...
ComfortDelgro have gone through a lot post covid manic. With transportation industry badly impacted by restriction and later by the input costs inflation, impacting badly the financials. leading to removal from the STI Index. The tide is changing with company taking all the steps to make a strong comeback. Inflation adjusted fare is now giving the tailwind to the...
Currently while the daily short term PPMs are in trend, they look to be losing steam, which could mean that they are topping in the short term. Take some solace from the fact that we recently had a slightly higher lows and slightly higher highs so the chance of a downward trajectory over the mid to longer term is not likely. The weekly chart seems to agree....
Fundamental and technical reasons align. With the announcement of plan-of-record from big customer on the 3rd April, management may upgrade guidance soon. The base risk price is $2.3 fundamentally, and with semicon recovery in sights, this may get an upgrade soon.
ST Engineering's share price finally breaks $4, records a 52-week high at $4.04 today. From what I saw on Moomoo forum. The break out signals has captured investor attention excited them for a trading opportunity. In fundamental speaking, ST Engineering has demonstrated robust performance. Its annual revenue surpassed $10 billion, marking a 12% increase from...
Beng Kuang form a Ascending Triangle chart pattern: Buy Entry Price: $0.081 Target Price $0.087 Stop Loss Price:$0.075
Momentum on both daily and weekly charts seem to be stabilising. We start off with the daily where we see PPM1 in trend mode up. Looking at the 10 SMA, it shows a continuous slope up as well. Price could hit the high fib targets above at 3.257 if the momentum boost in the algo for today plays out. PPM2 is also looking to spike up today at the open meaning the...
Our View: The SGX FTSE Taiwan Index Futures contract has been making new all-time highs, powered by the AI frenzy. A key characteristic of the underlying index is its tech-heavy composition , where technology (61.36%) is by far the largest sector. This is well above the S&P 500’s technology weightage of 29.83%. Top holdings in the index include foundry giant...
We cannot treat the Japanese market similar to how we treat the west. Traditionally, when a currency strengthen, the respective stock index will dip. However, here we see that whenever USDJPY drops (aka JPY strengthens), the NIKKEI actually continues to rally or at least consolidates sideways.
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...
UD2-SG is in LT sideways. Now it is at lower band. It maybe a good mean reversion setup. tp 0.34 0.49. However, it may take a while to realise profit. #ARTTpick #KebayaTrader