Price opened 2021 in middle of nowhere. Nearest downside pressure at 1.95. Could go higher for liquidity before hitting major obstacle.
SGX is stuck in a channel and on the top of channel a strong resistance zone is pushing it downwards. Will global markets and positive sentiments have force to break this up. SGX is trading above 200 EMA however unable to breakout of the channel. This is just for educational purpose.
Prices are facing bullish pressure from our support in line with our overlap support and 23.6% fibonacci retracement where we could see a bounce above this level.
I received quite a few question on buying stocks when it falls a great deal, like Yoma Strategic. First thing first, we must understand the reasons for the fall (not always clear cut but at least some hints were be there if you do your research). In Yoma case, it is the political situation happening there. And from the day of posting , you can see the price...
Justification: Potential rebound. Resistance broken with good momentum
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Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
This is not a trade set up Venture have been ranging from Aug20 until now between support 19.00 and resistance 20.70. This is a relatively tight range. During this period, down moves have higher volume compare to upmove which is lackluster. This is a sign of distribution taking place. Should support at 19.00 broken, we are likely to revisit 15.70. Traders should...
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
Greetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX,...
Wilmar's food business is revolving around agriculture products which includes soy bean crushing, wheat flour milling, crude palm oil in both upstream and downstream sides, & sugar plantation & distribution network. With all the rising commodities for all these products above with the rising food prices across the world, seems imminent that the upcoming profit...
A break below this level could trigger a further drop to our next support level. Ichimoku cloud and EMA are showing signs of bearish pressure as well, in line with our bearish bias.
Prices are facing bullish pressure from our ascending trend line where we could see a further upside above this level.
Major demand zone is going to break. Can we see 14800 ??? Which is the next demand.
SGX is currently in critical zone and ready to move for a big move on either side. I have marked trendline and support zones. Any breakout will take SGX to new high or a big correction? This is just for an educational purpose.