Rolls Royce hit an intra day of $1.35 on 3/2/21 from a high of $21.26 on 6/1/14. It had been in a downtrend since 1/8/19 with a break of $9.81. The technical picture of RYCEY is extremely bearish and interest in the stock is brewing at current levels. LONG TERM DOWNTREND SINCE 010819 MEDIUM TERM DOWNTREND SINCE 240619 SHORT TERM DOWNTREND 220321 PIVOT 1.69 Long...
PLTR touched a high of 44.89 on 21/1/21 and has since given up 66% of its gains. Short term sell signals were issued on the 16/2/21 targeting the weekly pivot of 17.64. 17.64 must hold for the uptrend to resume in the medium term to retest the high. PIVOT 26.03 Short positions below 26.03 to test 17.64 and 8.13 Long positions above 26.03 to test 26.97 and 29.61
American airlines has been on a Long term downtrend like Singapore airlines since October of 2018. The pandemic accelerated that downtrend to a low of $8.25. A long signal on 9/11/20 at the price of $12.70 targeted the monthly pivot at $28.27 As we approach the rebound target, the daily support will play an import pivot as an over head resistance in 27 month...
Following my last post, the daily Supertrend line at 4011 was broken on 010421.More significantly, the SPX starts of the trading month of April 2021 positive bullish in the long term since the bullish breakout of the Supertrend line at 3654 on 011220. The disposition of the SPX 500 is now BULLISH on all time frames. Attach also is the Fibonacci Extension...
The STI establishes a new uptrend on ALL TIME FRAMES after it closed at 3181 with a significant break of its long term downtrend on the monthly Supertrend resistance of 3108. Referring to my STI Matrix table, the stocks that are on multiple time frame UPTRENDS include JMHUSD, UOB, DBS, OCBC, VENTURE, SEMBCORP IND, ST ENG and MAPLETREE COM TR. These are the...
A strong rally towards the last 4 hours of trading in the US SPX 500 pushed short term indicators back up with a long signal now at 3950 on 270321 with a task of breaking 4011, the supertrend overhead resistance on the day charts. Long and medium charts looks poised to close of the month of March in record territory. PIVOT 4011 Long positions above 4011 for new...
All short, medium and Long term trend time frames of the STI are pointing up after the breakout of 3108 on the monthly Supertrend line. The STI is now on wave 3 of the daily buy signal issued on 041120 at 2506. The current upside target will be at 3188 that coincides with the supertrend break on the weekly charts on 150519 and 3406 on 050218 respectively. PIVOT...
The break of $3.63 from the long signal at $2.74 on 101120 has materialized with a strong close at $3.85 on 260321. The upside target is now 4.60 that was the level that Capitaland broke down on 010828 from its highs of 7.27 in 020407. STI PROPERTY OUTLOOK : CAPITALAND & CITY DEVT 301120 (quantstrategic.com.sg) Short term UPTREND since 101120 Medium UPTREND...
The STI has broken its Long Term downtrend that started on the 1st oct 2018 with a break and close above 3108 to be confirmed when the monthly candlestick closes in another week plus. 3108 was the supertrend pivot resistance on the monthly charts that defined the downtrend for almost 26 months. PIVOT 3050 Long positions above 3050 to target 3411 3664 Short...
Singapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46. PIVOT 5.27 Long positions above 5.27 target 5.75 and 7.05 Short positions below 5.27 target 4.91 and 4.63 Long Term UPTREND since 190321 Medium Term UPTREND since 161120 Short term UPTREND since 051120
The short signal from 3812 issued on 260221 persists with the SPX closing at 3909 into the end of the trading week of 190321. 4011 must be broken to the upside for the medium and long term UPTREND to continue. the weekly pivot at 3554 remains strong support for a bounce if price corrects further beyond 3720 PIVOT 4011 Short positions below 4011 to test 3828...
The buyers on the dip at 3725 on the 5th of March staged a bounce with a long signal at 3870 on 080321, setting an intraday high of 3959, 41 points short of 4000. The overhead pivot resistance on the daily charts at 4011 seems to be within reach next week. PIVOT 4011 Short positions below 4011 targets 3878 and 3554 Long positions above 4011 target all time...
The STI closed on an intraday high of 3116 on 090321. The break of the monthly pivot point of 3108 will reverse the downtrend of the STI since 011018. The strength of the banks, Jardine, SGX and Wilmar may support this climb in the short term. PIVOT 2995 Long positions above 2995 target 3108 and 3207 Short positions below 2995 target 3041 2843 Long term...
Bitcoin broke $1000 on 010217 and hit a high of $19,666 by 011217. It took a breather for 18 months and then broke out on the month of June 2019 at $9528. After holding the base support at $4000, a buy signal was issued on the daily charts on 111020 at $11,353 targeting its ATH of $19,666 (011217). It broke through target on 161220 and established a high of...
The SPX500 takes a breather at the close of feb 2021 with some profit taking with short signals issued on 250221 on the 4hr charts at 3847. Target now for the pullback is at 3554, the weekly pivot point in the medium term. An intraday high was made at 3964 on 160221. PIVOT 4011 Short positions below 4011 targets 3554 3442 Long positions above 4011 targets new...
SATS S58 : TARGETS $4.55 (quantstrategic.com.sg) Refer to my previous post, $4.55 has been hit intraday. Short term trend is UP Medium trend is UP since 091120 Long term trend down pending break of $4.55 PIVOT $4.15 Long positions above $4.15 target 4.55 and 5.85 Short positions below $4.15 target 3.65 and 3.55
Long signals on 250221 at 2932-2964 reverses the downward pressure since 280121 to continue its test of 3108. ST uptrend since 250221 MT uptrend since 071120 LT downtrend since 011018 PIVOT 2867 Long positions above 2867 to test 3108 3270 Short positions below 2867 to 2813 2780
SATS is bullish with a buy signal on 020221 on the 4hr at $3.95 and the dailies on 080221 at $4.05. The medium term trend is up since 091120 last year with buyers pushing price above $3.40 to test $4.55, the pivot point on the longer term monthly charts. Short Term Trend UP since 020221 Medium Trend UP since 091120 Long Term will turn UP if we break and hold...