Has been away awhile from here! Hope everyone is doing well in the stock market! Let's dive into our analysis on SIA C6L
Recent fall shows signs of volume supporting the price at the previous low in the 5 mins chart (yellow box).
With price moving slightly higher could be a sign of short term rebound is on the way.
Our trading method:
Taking advantage to...
Looking at the weekly chart, we see that while there is no major change in the slower momentums, the faster one looks to be moving back up again.
PPM1 is starting to recover some momentum even as it is still in a downtrend. While price looks like it is starting to recover as a result, I'm not convinced of this recovery. However, price has already hit the low fib...
DBS established a strong support zone at the $31.6 mark
Double bottom structure played out nicely
MACD @ oversold
Consider this a pretty safe buy entry for accumulations
Personally, I bought in at @ $31.9
ISDN just released its full year, though numbers are disappointing, the company mentioned that they had been re-investing heavily during down time to capture market share. With yuan bottoming, semicon seeing a pick up in 2H 2024, and Chinese advanced manufacturing boom for the foreseeable future, I expect a stella FY 2024 from low base of FY 2023.
Technical...
As the selling continues, it has brought the PPMs 1 and 2 on the daily and the weekly charts into downtrends. While the PPM3 of both daily and weekly charts are still trendless, they are already in negative territory.
However, not all hope is lost. The algos on the PPM1 across both charts are looking at a stabilisation in momentum.
Weekly PPM1 algo looks to...
Looking at the PPMs on the weekly chart, it seems like there will be some sort of recovery of weekly short term momentum over the next couple of weeks.
PPM1 looks to be slowly recovering, which means momentum to the downside could slow down as it slowly approaches the 0 line. While the lows are still not in, price could be searching for a floor within the next...
While the daily shows a spike in momentum coming up tomorrow on the PPM1 with a corresponding spike in the 10 SMA, the weekly chart still looks bearish with momentum not yet in downtrend but all underwater.
PPM1 on the weekly looks to head further south and the 10 SMA with it. The direction of the longer period SMAs are also looking to only stabilise after...
Iron ore is the main component for many industries focus in china. China is economically weaker now and for sure it will affect the prices of iron ore. For moment its a sell
On February 19, G Invacom’s chart broke out of a classic triangle chart pattern, which would be considered a strong break if it closes at $0.055 or higher. In a previous instance, when the chart broke down from a descending triangle on November 19 of last year, the price dropped by 22% to reach its lowest point.
Similarly, when the price broke down from a...
Looking at today's charts, there are mixed outlooks. On one hand, the daily outlook looks slightly more rosy with a spike in momentum being predicted in the coming few days. PPM1 looks to be waiting to pounce. The algo on the 10 SMA is showing the same thing. This can only mean that price is likely to push upwards.
However, the weekly chart is still showing...
As cautioned last week, we begin the new lunar year with a sell off. There is still more down side expected looking at the weekly chart.
All the PPMs are under water, though not in downtrend yet. But the algos on the SMAs are looking down. Algos on PPMs 2 and 3 are pretty flat looking ahead, but not indicating a return to 0 line. PPM1 looks to be headed for more...
E28-SG/FRENCKEN. is strengthening. Pat C + HHHL. Next retrace will be a good EP. However it also can go up to tp 1.50 before retracing.
#ARTTpick #KebayaTrader
