AMD had a larger descending triangle formation and in fact, there are two support zones I will be looking at to buy. Support zone 1 and 2. More details in the chart.
Sembcorp has made a strong up move since the breakout of the symmetrical triangle in early Jan 2022. Moving forward, prices have recently completed an extended sub-wave (3) and to add on, the potential pennant is hinting a bullish continuation to the upside. Also, bullish morning star formation further reiterates the bullish upside.
After a slight rebound with a bullish morning star formation at S$11.55, the stock is likely to continue its bullish upside. Furthermore, prices have briefly broken out of the falling wedge. A successful break above key resistance zone at S$12.04 will further confirms the falling wedge
Home depot has formed a double bottom and on the 2nd bottom, the bullish harami will confirm the upside once prices break out of US$307.00. We are likely to see the first target at the supply/resistance zone at US$318.84
Oil futures have been hovering around the 100.00 region. Despite a return back to the 100.00 psychological level, the stock will likely face tough resistance at 106-107 resistance zone. Reason being that it is a tough resistance and trend strength display a weakening trendless situation as displayed by the Directional movement index. On the longer-term period,...
Morgan Stanley rebounded earlier on 8th March. Since then, prices had a strong consecutive up run especially for the past two days. Short-term target is at US$100.77-US$101.00 region. But we could buy at the lower immediate support at 86.45-87.00 region
Alibaba had a V-shaped rebound on 15th March 2022 and has pushed Alibaba back into the HK$100.00 psychological level. Despite a consolidation from 23rd March - 1st April, the stock forms a bullish pattern with a bullish morning star pattern, indicating further bullish upside. Combining the v-shaped bottom and the pennant, it can be interpreted as a bullish cup and...
Spotted a bullish counter attach candle with a strong full-bodied Marabozu. Furthermore, it rebounded at 100.00 psychological support level.
There may be a temporary bounce to test the 32,804-33,000 resistance area before resuming a potential sell-off. You may consider it as a dead cat bounce. In fact, if you look at the diamond top replication, each time a break will result in a rebound. Hence, dont be afraid but get ready your guns and buy at the dip.
ILMN No doubt is on a downtrend and yesterdays bullish engulfing candle rebound may indicate short covering rally. Hence, we are buying on a short-term temp upside correction.
Sassuer Reit likely has resume the bullish trend after prices breaks above the falling wedge and confirmed the inverted head and shoulder. As such, we are planning to buy at retracement.
DBS Group might have another round of bullish upside after prices stay supported at the immediate support zone shown together with Kijun-Sen. Once it breaks above the falling wedge, bullish upside will be further confirmed.
Three bullish golden cross spotted! Ascending triangle is poised for a break-up. However, 0.855 resistance zone must be carefully looked out for!
The Ichimoku has finally turned bearish with crosses forming the three death crosses. Furthermore, head and shoulder formation is pushing prices lower potentially to 236-238 support region.
Since completion of the double three corrective wave, the return of the bullish trend is ongoing with recent price action suggest that the inverted head and shoulder is likely to be confirm after Thursday strong bullish candle close. Ichimoku shows initial tenkan/kijun-sen crosses. Once kumo twist for the bulls. All is set for a bull run.
Ck Asset Holdings upside rally is still holding on after a strong break above the ascending triangle back in 29th December 2021. Despite a potential head and shoulder formation, we believe that prices will find support at 49.45-49.80, which is 2.43% change from the neckline resistance. Hence, we do believe that there could be a bear trap.
Symmetrical triangle formation hints a break to the upside after strong bullish momentum is confirmed by the Directional movement index. Furthermore, the breakout of the consolidation/ascending triangle confirms the bullish rally. Expect some short-term correction upon breaking the immediate resistance zone at 7.04-7.15. Buy limit at 6.86.
The downside corrective rout since Jan 2021 to July 2021 has come to a halt after prices consolidate from August 2021 to present. We may see an immediate upside break as the formation of the ascending triangle gave a very good hope. Either way, support zone 1 at 8.01-8.18 can be an alternative strong buying.