Genting SP saw strength today breaking out of its downtrend line with its Relative Strength indicator trading above zero, thus outperforming the market. FFI is also showing positive fund flow
Thus, there is expectations that Genting has exited its Mark Down phase.
1st Target: S$0.95
2nd Target: S$1.00
Stop: 10DSMA Trailing Stop
Gold is expected to be trading in re-accumulation instead of distribution in view of a "Spring" event.
Spring is a exhaustion of supply, indicating demand is expected to be back in control.
A breakout from the creek (resistance), we will expect Gold to trade further.
1st TP: 1,550 level (Previous high +2.618% Fibo)
2nd TP: 1,600 (Whole Number Effect + 4.236$...
DJI (4hrs) formed a hammer after touching its current uptrend line.
With the next candle breaking above the hammer's we have expectations of demand>supply.
Thus, we have short term bullish bias that DJI will trade upwards to test its Gap at 26,420 level which is also a confliuence of the 50%-61.8% zone.
Stochastic indicator has also exited its oversold zone...
BTC Entering Mark Down. Here are some of the keys levels to watch for rebound.
In view of key Fibonacci level 161.8%, BTC may expect retracement rally at 8,400 level, watching for price divergence or neutral candlestick pattern.
TSX jumped across the creek (out of the re-accumulation zone). Currently trading in Mark Up Phase.
Price is expected to trade towards 17,000, set based on confluence of Fibo level and whole number effect.
Price showed Sign of Strength (SOS) by breaking out on the upside of the range.
The past four trading also suggest that demand is dominating trading as prices closed near its day high.
We may expect a healthy pullback (LPSY: Last point of Support) before price heads towards 0.69316 zone, which is also the 61.80% Fibonacci retracement level.
10D SMA will be our...
NASDAQ:AMZN failed to break above its Upward trendline on 3x attempts.
Negative relative strength and FFI indicator potentially points to stock's further weakness.
1st target price at US$1,760 and 2nd target price at US$1,675.
Break above US$1,835 will falsify the above analysis.
BITFINEX:BTCUSD is in a major consolidation, break above or below the pattern will see BTC retesting its range top/bottom.
FFI's consolidation is also suggesting market participants watching from the sideline.
Breakout from the 9,000-13,800 will see further directional move.
Supply continues to dominate recent trading as index broke below another support level. As long DAX does not close above current 11,445 support, index will is expected to trade towards 11k.
Stop for current analysis at 11,860.
OANDA:AU200AUD is expected to trade towards 1ts support, 3.82% Fibo retracement after breaking down from the lower trend line of the upward trend channel.
Overhead support-turned-resistance (LPSY) also created additional layer of difficult for the index to trade higher.
A break above 6,765 wil falsify the analysis.
Signs of bottoming in progress for COINBASE:BTCUSD with probable 1st objective at $5800. A break below 3190 with strong volume will falsify the analysis.
In addition, despite pull back, our proprietary FFI indicator is suggesting that price continues to experience fund inflow.
Analysis as stated on Chart.
TVC:NI225 is expected to re-test its distribution range low, which is also a previous support level at 20,400 level.
Supporting Claim for Downward Bias:
- Index Broke below its Uptrend Line (stride)
- Uptrend line has turned into resistance for index (Bearish)
- Experienced 2x Upthrust (Failure to maintain new high)
20,400 Level Objective based on:
After almost 2 years of consolidation . DAX is currently in Mark Down phase. Index broke a significant upward trend line last week. We will expect Mark Down continue towards 1st objective 9,800.
9,800 target was established based on:
- 2.168% Fibo projection
- Previous Resistance-turned-support
- Whole Number (Close to 10,000)