1. wait for it to retrace to the support level at 5.27, establish bullish patterns then go LONG
2. wait for it to breaks out of resistance at 5.83 , establish bullish patterns then go LONG
You can see the price pattern trending in a nice bullish channel and each time it reaches the lower channel, it bounces back nicely and it also gives late buyers an...
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.
H78 (SGX) - Continue Bullish
ENTRY: 4.11
TP1: 3.96
TP2: 3.86
SL: 4.22
- RSI and FFI are -ve
- 40MA and 100MA pointing up
- 10MA pointing down
- 200MA flattening
- Good volume on break-down today
- Trade with reduced size to incorporate risk
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...
This was one of the most talked about stocks in our local forum. Many were saying how good it is and how cheap it was (months ago) and they went in at a bargain.
Forgive me for not able to furnish you more about the fundamentals but the chart failed to excite me at all.
Day chart - bearish
4H - slightly bullish but facing resistance
On the macro environment,...
The stock current momentum has shown a support at $5.38 price level near-term. Able to move above $5.70 shall witness it backs to its mid-term support at $6.00 region.
