Overall Downtrend as long as downward channel is not broken in weekly time frame chart Looking at primary trendline as the final support for entry, this will be a long wait Please DYODD
Price is facing bearish pressure where we could see a reversal from here
Price is under bearish pressure and a re test of our sell entry present an opportunity to short the stock.
1. Trend Analysis Neutral 2.Pattern Analysis Possible Inv H&S, 3.61 for right shoulder Possbile Evening Star candlestick 3.Trendline Analysis Primary Trendline @ yellow line for support 4. Indicator analysis (hourly chart) Stoch Rsi and MACD seems to be losing some strength (bearish) Volume is low Probably due to dividend payout 4h SMA 150 seems to goes well...
1. Trend Analysis Downtrend 2. Chart pattern analysis Channel 3. Indicator Analysis Weekly 50 SMA proved to be a strong indicator for breakout( bullish) RSI high coupled with strong vol (bullish) MACD looks healthy with buyer having a slight lead on seller. 4. Primary Trendline(Yellow) Analysis Past history have always showed a bounce off followed by a...
Forming head and shoulder pattern, though neckline ~1.0 hasn't been broken Coming days should show where it is heading
1. Trend Analysis Downtrend 2. Indicator analysis Weekly 150SMA Increasing volume overrated MACD ( Bearish) Overbought RSI w low vol (bearish) 3. Trendline Analysis Due to closure below primary trendline(yellow) ,buyers are afraid of entering as a major drop may happen. 4..S&R Analysis Support comes at Primary trendline (in yellow) Resistance at upper...
Price is approaching our resistance in line with our trend line where we could see a reversal below this level.
After retracing a steep 62% from it's recent swing high, Riverstone tested horizontal support at 3.52 this morning and quickly rebounded from here. With bullish divergence between price and stochastic in the making, I would long here @ 3.60 with initial stop at 3.48. Take partial profits between 4.20-4.35 and ride the rest with a trailing stop. (trialing stop is...
View On Sing Post(17 Aug 2020) We are seeing some potential "Bullish" revival in this counter. As long as $0.62 level is held well, it can swing back up to $0.82 or even higher. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on...
View On Sri Trang (17 Aug 2020) Sri Trang is experiencing big position swaps and it is proven the showing up of big volume. Since both sellers and buyers are getting aggressive, it is better to stand aside first and re-evaluate. At the same time, it is good to watch out for the break out candle. I am seeing as long as no bullish candle show up,it should retest...
This is an update from my previous post on DBS: Currently we have a risk free trade trade running on DBS SGX:D05 . Today I see another opportunity to be bullish, however we have to wait until it retraces to the nearest level. Big players are in the midst of profit taking from the previous bull run. Technically: downtrend channel resistance had been breached,...
SGX NIFTY MAKING ASCENDING TRIANGLE 1 HOUR CHARTS ..
SGX NIFTY MAKING ASCENDING TRIANGLE 1 HOUR CHARTS ..
Uptrend, correction, 1.08 support level Possible continuations: 1. Will go up TP1=1.18 TP2=1.30 2. Will break support and go down to 1.01