FineTrader

FineTrader

Follow from the bearish price action for S&P 500, we can see that the VIX index increased over 24% on Friday closing at USD28. This indicated that the market sentiment currently in fearful stage. However, there should be some resistance at the “RED” areas and will run back down towards the support level at USD21.

FineTrader

The S&P 500 index for this week was bearish, with over 2.7% down to USD4,272 Friday closing on 22 April 2022. The 20EMA currently traded below 50EMA & 100 EMA. Hence, we could be seeing some further downside pressure towards the support level at USD4,167 or at Fibonacci “0” level. The downside pressure was mostly due to the continuous upbringing of inflation...

FineTrader Updated 

The stock market for this week continue to retrace further where it touches the Fibonacci level at 0.382 – 0.50. Thereafter, it seems to linger within this range for few days. The market sentiment continues to be bearish (due to the news on rising inflation rate, Ukraine & Russia conflicts) with closing at USD438 on 15 April 2022. In view of the bearish...

FineTrader

Swing Trading Strategy 1. From the Chart analysis, we may want to test whether the downward momentum will slow down in 0.50 - 0.618 Fibonnaci level before shorting the market. 2. If it goes down further from 0.50 or 0.618, to consider short the market. NASDAQ (mainly for Tech Stock) would be your catalyst as this stock tend to follow the trend.

FineTrader

NIO INC (NIO) is a pioneer electric vehicle (EV) manufacturer in China where Tesla has find itself a worthy rival. With the advantage of huge population in China, NIO reported that their EV order has up 191% in just a year from 2019. The future prospect will remain bullish in the long run, especially when NIO enter into the major part of the US Market (to lookout...

FineTrader

Tencent currently in a consolidation phase. As a general rule, during a consolidation phase we would want to look for 2-3 bounce from 20/50EMA. Based on the chart, 2 strong bounce were sighted with a healthy pull back. Now it is reaching at near resistance 540. Suggest to wait if it breakout from the resistance or to look for the 3rd bounce. Disclaimer This...

FineTrader

A strong breakout since 24/08/2020 due to strong quarterly result. However, the Stochastic indicated that it is currently overbought. The Bollinger band also stretches too far at the moment. The volume of the trading is not slowing down as well. May have to wait for the stock for short term pullback first before trading in to get a better value.

FineTrader

Not much to say here from the chart... clearly this stock is meant for long term. From the 5 years chart, the price remained bullish. After the covid19, it increases even further since March'20 for over 140%! Breaking new high in each season. No sign of slowing down. However, suggest to wait till the split-adjusted price (after the stock split on 24 August 2020)...

FineTrader

Market Structure : Uptrend (based on the Weekly and Daily Candlestick Pattern) Area of value : Resistance area (at the upper Triangle resistance line) or at Fibonnaci level 0.382 support level (where the candle lingers at 0.382 and rejected the support at 0.50. Strategy ...