Analysis Forecast:
Expect to Retest Resistance at S$2.20
Analysis is For:
Swing Trading - Generate Portfolio Alpha
Supporting Technical Observations:
1. Sign of Strength (large volume on buy up day)
2. Fund Flow Index (FFI) Turned Positive
3. Stochastics Bullish reversal
Stop Loss
If PropNex breaks below S$1.90, expect trend continue to consolidate or...
ENTRY: 1.92
SL: 1.59
TP: 2.21
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Reached high on 15 Jul 2021 and retracing since then.
- 6 Oct 2021 breakout of downtrend line with high volume.
- Today break above HVN and another downtrend line with high volume.
- Showing buyers in control...
Price has hit an All Time High. Entry and Stop Loss Price are as shown. Do set your own Take Profit price though. Although it is my 1st post on Singapore market, I am active in the Singapore market. Same theme, same looking chart pattern. All the best.
ENTRY: 0.81
TP: 0.85-0.87
SL: 0.77
- ADX>25
- RSI>60
- FFI and RS +ve
- MA are aligned
- Breakout with good volume on 18 Jan 2021
- Retraced with lower volume to around 0.38 fib.
- Held with doji on 21 Jan 2021
- Entered on 22 Jan 2021
PropNex
So, let's talk the immediate timeframe.
I am expecting they are going to close the gap.. $0.68 - $0.69 region is possible.
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Sonic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of...
