AEM shows strong selling momentum this morning but with the volume creeping up. It is likely that there will be a short covering. As such, we could initiate a buy and aim for the 1st target at 3.91
Despite strong selling momentum, CDL is heading for a buy soon.
Volume for buy is not back yet. Hence gonna wait out for a buy at lower zones
Rising volume and divergence are seeing stong bullish upside. But likely another downside is seen
The upside is likely to test 150-151 resistance region and we are anticipating a short.
The inverted hammer is seen as a strong contender for a mean reversion targeting the supply zone at 55-57 region. As such, there is a chance that it will rise before heading for main support at 46.00
JNJ is proven to be much more of a defensive stock and has higher probability of increasing upside. ROC, DM+ and rising OBV/volume all pointing towards the upside.
Would not long this counter. Although there's a hammer, the volume spike is not exceptionally huge. ROC is down, DMI is down and OBV is down. As such, would consider the next rally a shorting opportunity. real support is at 224.05
The gloomy outlook for the Dow is likely to head lower with the formation of a triple three corrective wave (WXYZ). Furthermore, we could observe the fractal pattern of Feb and July. And the fall should see a close below 30,000 if it plays out :/
China Suntien had a strong bullish reversal cup and handle formation, especially after a strong bullish candle broke out of the falling wedge/handle and the 22-EMA. 3.81 remain the crucial resistance to break.
Microsoft 2nd half of the trading session saw some halting of the bearish move at the support zone between 250-252. As such, we believe that there would be a short-term rebound moving on.
A bullish dragonfly doji was found rebounding at the low of today, and it is likely to edge up in the next few days to test the resistance at Rm1.290. Aftwards, it will face a strong potential sell-off
The 6 months double three corrective wave has tentatively come to an end after a rebound was seen in Mid-June, with a potential sub-5 wave impulse move. As such, there are many opportunities to long/short accordingly.
KLCI has completed its minor 5-wave move and as the diamond top has formed, it hinted a potential reversal. Furthermore, the corrective expanded flat is forming, with 1469 being 161.8% extension of the diamond top.
The megaphone structure has completed the 5-wave structure and is likely to enter into the next phase of the bullish upside after a morning star candle formation is seen rebounding from the demand zone at 124.95. To add, the inverted head and shoulder pattern is indicative of a bullish reversal pattern.
Potential cup and handle information and we have a two strategies approach to it. One is to play on the breakout of the resistance at US$147.44 and wait for a retracement back to the demand zone at US$139.22
MSFT had a bullish hammer yesterday at our key support zone (244-247). However, I'm not confident of a bullish break and as such, the maximum target I think msft will reach is 264.20
Nextera's upside is ongoing after prices has been sustaining above the kumo, thus confirming the three bullish golden cross formation. Ascending triangle is also hinting of a potential break.