Has been away awhile from here! Hope everyone is doing well in the stock market! Let's dive into our analysis on SIA C6L Recent fall shows signs of volume supporting the price at the previous low in the 5 mins chart (yellow box). With price moving slightly higher could be a sign of short term rebound is on the way. Our trading method: Taking advantage to...
Looking at the weekly chart, we see that while there is no major change in the slower momentums, the faster one looks to be moving back up again. PPM1 is starting to recover some momentum even as it is still in a downtrend. While price looks like it is starting to recover as a result, I'm not convinced of this recovery. However, price has already hit the low fib...
Encountering strong resistance and rejection from $13 strong psychological level now Expecting a pullback to support Buy point 12.6 Buy and accumulate
DBS established a strong support zone at the $31.6 mark Double bottom structure played out nicely MACD @ oversold Consider this a pretty safe buy entry for accumulations Personally, I bought in at @ $31.9
ISDN just released its full year, though numbers are disappointing, the company mentioned that they had been re-investing heavily during down time to capture market share. With yuan bottoming, semicon seeing a pick up in 2H 2024, and Chinese advanced manufacturing boom for the foreseeable future, I expect a stella FY 2024 from low base of FY 2023. Technical...
As the selling continues, it has brought the PPMs 1 and 2 on the daily and the weekly charts into downtrends. While the PPM3 of both daily and weekly charts are still trendless, they are already in negative territory. However, not all hope is lost. The algos on the PPM1 across both charts are looking at a stabilisation in momentum. Weekly PPM1 algo looks to...
SGX:D05 has shown bullish setup after recent correction.
Looking at the PPMs on the weekly chart, it seems like there will be some sort of recovery of weekly short term momentum over the next couple of weeks. PPM1 looks to be slowly recovering, which means momentum to the downside could slow down as it slowly approaches the 0 line. While the lows are still not in, price could be searching for a floor within the next...
40V-SG/ALSET pat C. Tp 0.07 #ARTTpick #kebayaTrader
While the daily shows a spike in momentum coming up tomorrow on the PPM1 with a corresponding spike in the 10 SMA, the weekly chart still looks bearish with momentum not yet in downtrend but all underwater. PPM1 on the weekly looks to head further south and the 10 SMA with it. The direction of the longer period SMAs are also looking to only stabilise after...
Iron ore is the main component for many industries focus in china. China is economically weaker now and for sure it will affect the prices of iron ore. For moment its a sell
On February 19, G Invacom’s chart broke out of a classic triangle chart pattern, which would be considered a strong break if it closes at $0.055 or higher. In a previous instance, when the chart broke down from a descending triangle on November 19 of last year, the price dropped by 22% to reach its lowest point. Similarly, when the price broke down from a...
Looking at today's charts, there are mixed outlooks. On one hand, the daily outlook looks slightly more rosy with a spike in momentum being predicted in the coming few days. PPM1 looks to be waiting to pounce. The algo on the 10 SMA is showing the same thing. This can only mean that price is likely to push upwards. However, the weekly chart is still showing...
A50 may has the opportunity to long in a short period of time.
As cautioned last week, we begin the new lunar year with a sell off. There is still more down side expected looking at the weekly chart. All the PPMs are under water, though not in downtrend yet. But the algos on the SMAs are looking down. Algos on PPMs 2 and 3 are pretty flat looking ahead, but not indicating a return to 0 line. PPM1 looks to be headed for more...
Price hit the bottom of the range in yesterday's session and reversed. Now price is looking to go back to the top of the range. However as the SMAs are still not in trend mode, it is likely we see only a rise max to the top of the daily market grid at 3.254. On the weekly chart, it still looks pretty bearish for now, but at least the rise in price has put the...
Friday's jump while unexpected did not continue in today's opening trade. Hence we could be seeing some more stabilization with possibly a larger range. Algos on the daily PPMs show banding around the 0 line, which means the SMAs will start bunching together, which also means stabilization and range trading for some time. On the weekly chart, momentum looks...
As mentioned previously, there is some stabilization going on for now. The daily PPMs are showing some signs of recovery and the algos on the SMAs are slowly turning back up. However, the weekly algos are still contradicting this short term view, with all PPMs and SMAs pointing to a sharp drop in the upcoming weeks. Of course this is subject to daily revisions as...