ZEN_D

ZEN_D Updated 

DAX has been on a long term downtrend this whole year. We re currently witnessing a bull leg in the downtrend. The inflection point at the top of the channel also sits right on the 0.618 fibo retracement line ; a level that the DAX has consistently respected in the past. In which case will we see a move down to the 11000 region this winter?

ZEN_D Updated 

Heavy selling pressure into key level support. Likely to break with the amount of selling going on, in which case we will be in for quite a big move down. Selling short on breakout down.

ZEN_D

FTSE is currently consolidating in an ascending triangle with the corner converging with the edge of the bear channel. Unable to break above 7205 region which is a historical resistance area. Strong likelihood of a price drop soon.

ZEN_D

Current pattern is where oil patterns bounces higher and higher before falling through to older support. In this case the older support is at 90$. Higher chance of oil reaching 90$ area BEFORE heading upwards to new highs

ZEN_D

Singtel is still on a long term downtrend and has not broken out of the bear channel. On the short term it has completed its move to the top of the mini bull channel after a climatic push upwards. The higher price has been rejected however and headed back downwards on a green day for STI with most other stocks going up. Not a good sign there. Further more a...

ZEN_D

Symmetrical triangle after parabolic up. Set for another breakout?

ZEN_D

Bearish indicators on UWC. Especially with the 123 pullback from 4th October. However foreign funds have been flowing into the Malaysian market from the previous week and expected to continue into this week and should result in green across the whole market. Good time to exit before it breaks the support?