Momentum seems to have waned over the last 2 days. The selloff following the initial spike had taken the wind out of the sails of this rally. Algos on the daily PPMs have gone flat. Hence I would expect more range trading over the next few sessions. However, once we move over to the weekly, we see that the algos on the SMAs are drawing a move for the 10 SMA up...
For now it seems like some of the strength of Friday's rally still remains even after yesterday's retracement. PPM 1 is on its way to trend mode. However PPMs 2 and 3 are still languishing around no-trend territory. Hence for now I'll still be cautiously bullish. The angle of attack on the 10 SMA is still strong, indicating that this moving average is still on its...
After the initial rally on Friday that pushed way past the RTX sell signal, we now have a pullback back into the market grid. However, the market grid has also turned up and price is now floating around the bottom of the range at S3. The PPMs are all trendless today too so I expect some pullback to stabilisation for this and maybe next session.
Potential target is as shown. Lets see how it plays out. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Give a thumbs up if u like the analysis :)
Potential bullish pattern - OCBC Entry and Exit as shown in chart. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Give a thumbs up if u like the analysis :)
From the looks of the PPMs, today looks to be an up day. PPM 1 has turned up with momentum continuing upwards over the next few sessions. PPM 2 has already jerked up quite a bit and PPM 3 is predicted to spike upwards in the next session. It seems there was a mini rally early in today's session which sent to price all the way to the RTX sell signal. Time will...
We had some indecision in the market yesterday, with a doji-like candle by the end of the trading session and both ends similarly long. It may seem like the selling has abated somewhat. However, note that the PPMs are all still negative even if they are not in trend. Yes, they are starting to gain momentum, but the SMAs will still need some time to reverse and...
Looking at the daily and the weekly, it seems like the sell-off is gradually starting to taper. The daily 10 SMA is looking to do a 180 turn and the PPMs support it. There may be another one more session of continued selling for the stop-hunters but by and large, I would think the downside could be limited. Of course, being still in no-trend territory, all the...
PPMs are still pointing towards a downward momentum for the next 2 or so trading sessions. However after that, it is pointing back up at a recovery. We are still looking at a short sell off incoming. For some reason, the low fib targets are still in play. But the market grid is already narrowing bit by bit. The trading range has already narrowed quite a bit and...
With the algos on both the PPMs and the SMAs pointing downwards, the momentum of the relief rally seems to be short lived. Especially looking at the projected sharp drop in PPM 2 going forward into the next 2 trading sessions, it looks like the 21 SMA is going to be a hard ceiling to crack. Add to that both the faster moving PPMs are currently under their 2nd...
The PPMs are headed up for today and probably stabilise Monday, but from the looks of the algos on PPM1 and especially PPMs 2 and 3, Tuesday's session may not look so rosy. That coupled with next week projected to be a down week, things are not looking too good for next week. I'm not sure what's going on next week other than Powell's speech tonight but bulls may...
Price hit the RTX sell signal in yesterday's trade and subsequently dived back down to the opening level. That followed today with an opening around yesterday's close. PPMs are down for the day but predicted to see some buying back over the next 2 days or so. After all, we did already hit low fib target 1. So is the selling over? Judging by the PPM outlooks, I...
DBS(D05) stock continues to fall again this year repeating a highly probable triple crossover of their moving averages despite their solid returns and stable dividend. While Singaporean banks remain resilient, this signals shows another buying opportunity for one of their strongest banks with a dividend of 0.48
I have been watching this REIT for some time now. Finally, it breaks down from the support area at 0.56 level. I expect it to revisit 0.475 the next support level in the coming weeks or months. That will be an attractive price level for me to buy for good dividend income while the safety margin is higher for it to return the capital appreciation in the coming years .
SGX:FEF2! chart mapping/analysis for med-long term swing trade strategies. China's Iron (Ore) Dragon lays dormant while the country celebrates Golden Week (Oct 1st-Oct 7th).
SGX:G92 Comments on Annual Quantitative Analysis End 2023 Price Target using same PE as 2022 = $1.24 End 2023 Price Target using same Sales Multiple as 2022 = $0.73 Forecasted Revenue to decrease but Net Income to increase in 2023. The increase in Net Income could be attributed to the increase in Other Income. Lower Revenue is affected by the decrease of...
4 hrs CS showed movement with 3 continuous of Bullish Engulfin means strong movement for an uptrend. Breaking the EMA 100 and EMA 200 with a strong CS is also a sign of trend change from a bearish to a bullish trend with continuous movement.
The PBOC has repeatedly fixed its daily reference rate for the onshore yuan (CNY) at levels below estimates. But measures from the PBoC to support the Yuan has not been effective in changing the trend amidst a slew of economic stress (property slump, rising unemployment, deflation fears, etc) that may drive the offshore yuan (CNH) to historic lows. The latest...