Long upon the break of the neckline at 8.86 wit initial stop below today's candle low @ 8.65. It may break up and retrace to retest neckline again within a week, if that happens, it's normal as long as it does not break more than a few ticks below the neckline. Looking for H&S Target @ 9.80 (protect with trailing stops on the way up though). Disclaimer: This is...
A-Reit has been declining within a parallel channel for the past 1.5 months. It went just 3 ticks below the 61.8% fib retracement support @ 3.23 and is now staging a rebound above this declining channel. Long @ 3.25 with initial stop just below recent low @ 3.18. Will scale out along the way from 3.42 - 3.65 if trade works out well. Disclaimer: This is just my...
I spot a potential entry to LONG SGX:D05 in the coming days with a good RR. Almost a month DBS is ranging from $21 to low $20ish, the consolidation is getting tighter and compression needs to be released. To cut the story short, here is my personal call: Buy Limit at $20.00 Stop Loss at $19.50 Take Profit at $21.60 Risk Reward Ratio = 3.12R Disclaimer : The...
Price is approaching resistance where we could see a reversal below this level, a break below our intermediate support could see prices push lower.
Read about CCT here You see, a retail mall is more than a place for people to get their groceries, dine out or send their kids for tuition. The Covi-19 has sent many retail players going bust and unable to pay their rents due to lack of sales. Some say, convert to online. It is easier said than done when most people are asked to work from home, the need to...
Price broke the descending trend line, a break that we have been waiting for, we could be seeing a further bounce above this level.
In this post, I will be going in detail with regards to my view of $C6L from a technical perspective. As of the time that I am writing this post, $C6L is trading at $3.560. I am fully aware that, right now, it may not be the best time to invest in the airline industry due to the uncertainties that surround it. We do not know when a vaccine will be developed, we...
Price is approaching our support at 8.40 where we could see a bounce above this level. A break above our bearish trend line could see a further upside in prices.
Read article here Looking at the chart, it seems highly likely that the trend continuation will continue and break out from the bearish trend line and proceed higher. For those who wants extra assurance, wait for the breakout , retrace and find an entry to go long. This is good news since our MICE industry cannot rely on domestic market, that means the...
Price is trading within a range now and is facing bearish pressure from our descending trend line and Ichimoku cloud and a test of our resistance could see a reversal below this level. If price breaks above our descending trend line, it could provide room for more upside confirmation.
Price is approaching a key support level where we could see a bounce here, in line with our ascending trend line. A break above our descending trend line could give us a further upside confirmation. What are your thoughts on this?
Wilamr gapped down a hefty 10% after a major shareholder announced that it was planning to pare it's stake amounting to about 2.68% of the issued share capital (a large sum of about $500m). It traded as low as 4.31 before rebouding a little to about 4.37 now. There are a confluence of 3 supports between 4.35-4.38 region (a horizontal support, trendline support...
Price is facing bearish pressure where we could see a further drop below this level.
Gap up and breakout with strong volume. Partial buy. Target 1 and 1.2 (10% to 20%) Further buy when Banker's volume getting stronger.. Set Alert for banker's notification