For those interested in Singapore equities market, here's one potential setup. Price has been rallying since the low in 2016 @ 16.77 to the recent high in 2017 @ 24.59. Price has developed a complete 5 waves structure, and according to Elliott Wave principle, we are now expecting a potential 3 waves retracement. This gives us a potential short term trade...
Hello Trades, because of the Nationalholiday at Friday I have switch to the Future, traded at SGX 0.02% 0.02% Exchange! At Fridays tradingsession the Future made it`s high at 9926.50 and reversal strong after, by closing the day at 9905.0! So by making a new high in futures trading the odds are rising that NIFTY50 will catch up the high in Mondays trading by...
This counter reminds me of Rowsley. I will want to wait for Bullish momentum. It has Upside "explosive" potential. My view holds still as long as 0.37 holds. Trade Safe, s0nic
The market turns as expected for now. Let's see it swing up from there/. 0.4 level shall be first stop and going 0.43 shall be easy.. Trade Safe, s0nic
Weeky chart- I am neutral on this. Usually for a descending triangle it break support and go lower. But it isn't true, it sometime still does break resistance and go higher. We shall see in a 2-4 months times.
Possible market top.
After month of hiving, this counter has shown its real intention. "The Emperor has no cloth".. 1.80 should be easily on sight once, the support 1.95 region is cleared. I am standing with BEAR now. Just do not be over bearish. It need to break 1.95 first, which is very likely. Trade Safe. s0nic
I believe oil has already bottomed out and will rally to 7x, with that I am quite positive on Ezion, noting that Ezion is trying to make an inverse head and shoulders pattern(not confirmed yet) if it forms and breaks neckline we can see it rallying to 0.675 as our price target.
Possible double bottom formation (NOT CONFIRMED YET) If that were to happen, it will run up to 0.805 level.
-Market top reversal -Moving Averages are down too.
We are seeing very strong reversal is unfolding. The Risk and the possible reward is just too good. I am seeing it can swing up to 0.99 level. We shall shall as it unfolds. I am standing with BULL for now. Trade Safe, S0nic
-Been trading in range, possible break out. If break out does not materialize, it will trade back at the lower range.
-Ascending triangle in monthly chart -Commodities stocks will rise accompanied with weakening dollar.