Ian15

Ian15

HSI bulls back strongly with 2 strong days to end the week above 30000 again after sellers didn't manage to sell it back down. Ideal uptrend intact as per trend indicators. With the US now at all-time highs, a good follow through with positive trade deal news can be strong catalysts to see HSI back to 31500 and beyond.

Ian15

NWE buyers are coming back to defend the 68 level aggressively after some fierce profit taking.

Ian15

GCP has been up above the 200MA for 2 months now and had started to consolidate. We are back on the key 28 support with bullish price actions seen again after the steep selloff where we might be seeing some short covering to bring GCP higher again.

Ian15

BOOT has been consolidating from 29 to 32 in a strong short term uptrend with the market and we can look to see some buyers coming in here to support.

Ian15

ACAD has seen a steep selloff back to support at 23.50 and we've been spotting some strong buying coming back with likely short covering and renewed buying interest to head back to 26.

Ian15

CDXS in short term consolidation but long term uptrend likely still up although showing weakness. The past week we have seen fierce selling but last trading session we are spotting some bullish price actions back at 19.50 support, indicating that buyers are ready to take control. Short covering can be expected too. As such, we might see a return back to the 22...

Ian15

Last trading session, we saw fierce selling from the sellers but buyers came back to defend even more aggressively to end the day green, indicating that buyers are still in control here. Thus, we might have legs to return to the highs for ADSK around 174.5 where we can lock in some profits as profit taking can come back again there...

Ian15

Since the multiple tightenings of US monetary policy in recent years, the USD has generally reversed into a long term uptrend amidst the global low-interest rate environment. Recently, we have been observing sellers coming back strongly around 97.5 but bulls still bidding higher. Watch out for the potential ascending triangle...

Ian15

HSI is one of the indices we have been monitoring since Feb when our first position was added as the trend reversal took place. It's starting to get more interesting here as we have gotten back to an ideal uptrend as per trend indicators and seeing a breach of the 30000 key psychological resistance. Some selling pressure the past 2 days but buyers are still...

Ian15

America has staged a strong rebound since the steep decline in the winter of 2018 and we have breached resistance after resistance to our astonishment when everybody was talking about a retest and a continuation of the bear market. This once again reminds us the importance of respecting price action and the saying "The trend is your friend" and not defying it. In...

Ian15

SHCOMP has played out fantastically well to the 3200 target as planned today(look at previous idea) with about a 6% rally in 4 days. Buyers came out very aggressively over the past few days and I was expecting some profit taking with buyers losing strength last trading session. However, we are yet again seeing some very favourable price action with buyers defying...

Ian15

As seen by recent price action, buyers of Chinese equities have been defending the 3050 level very well with sell downs the past week met by stronger buying to print higher closes despite the slight weakness in Asia and the US. As such, buyers look set to make another push. Looks like 3200 is on the cards...

Ian15

Over the past week, we've been monitoring FOX closely on our watchlist as we observed that buyers were clearly in control with every dip met with more buying. Hence, we were anticipating for a breakout to enter the trade. And slowly but surely, yesterday, we finally managed to spot the confirmation with a strong engulfing candle formed. For now, price in ideal...

Ian15

Over the past month, we've been seeing volatile swings above the 1600 support indicating some indecision among traders. However, over the past few days, we can finally see the market indicating some direction as the short term trend started to turn down along with the 1600 key support being breached. As such, short term target can be drawn to 1480 where we might...

Ian15

Oil has slowly been eking out gains as buyers have gradually been coming back. It has been in short term uptrend with long term downtrend broken as seen from trend indicators. Long term recovery possible. Short term price targets would be to $65 where we can expect some profit taking again then to $68 if buyers manage to breach the first target.

Ian15

Over the past month, we've been observing some bullish reversal price actions playing out well and we've been monitorin it closely on our watchlist. Finally, last trading session, we've seen that buyers have managed to break through key resistance at $40. As such, we can expect to see further upside to $45 or to $50 where some profit taking can happen again...

Ian15

Over the past few days, we've seen buyers managing to push past key resistance level at 170 with price also breaking the 200 MA indicating potential further upside in the long term. Hence some targets were drawn with first target at 180 then to 192. Trend indicators looking good too...

Ian15

Over the last few weeks, we've seen buyers coming in and some reversal price actions have been playing out pretty well. Unfortunately, for the past week we've seen some fierce selling coming back again with the breakdown below $24 which can see further selling pressure to bring DBS down again to $23 where we can expect to see short covering.