Buying the bottom of the rangebound channel, which also coincides with 0.382 fib level Easy swing for 2.58 R:R TP @ $87 Looking forward to positive earnings on 23/10 as well
TP: 314, 337 More than 2x R:R Broke out of 280 resistance
50 crossed above 100 and 200 first time in awhile need to see a convincing support level established above 2.9$ area before rebound to break long time resistance at $3.2 TP to watch is $3.5
Good entry price as MLT is consolidating above the range it has broken out of above $2.4 TP to watch is at $2.7
BUY: $2.8 - $2.95 TP: $3.44 $3.68 CapitaLand Investment will be a major beneficiary of lower rates from income growth for its REIT holdings and enabling accretive fee transactions. Another positive is the massive re-rating of China following the recent monetary stimulus by the central bank and support by the Politburo will benefit the economy indirectly....
Encountering strong resistance and rejection from $13 strong psychological level now Expecting a pullback to support Buy point 12.6 Buy and accumulate
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 @ $31.9
Buy zones: 166 157 RSI double bounce on oversold end PE 26 relatively cheap (vs 31 average) AAPL Pullback due to lower sales in China and Huawei competition Good entry
PFE Pfizer, a darling of the Covid pandemic era is currently down from 56$ Pfizer emerged as a significant beneficiary during the Covid-19 era, witnessing a surge in its stock price. However, as the Covid-19 concern recedes, its share price has also returned most of its gains. Nevertheless, Pfizer's success isn't solely dependent on a single event, as it...
BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140 We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA We also see a massive spike in the ADX implying a very strong...
SP futures finally closing above the previous descending resistance line on the 1D chart. Combine this with the bullish indicator of the Golden Cross: 50 MA crossing the 200 MA 10 MA has already crossed the 200MA indicating at least, a short term momentum change. On the Wed - 25 Jan we also see a long bullish hammer, with a long wick down indicating huge buying...
Netflix is currently down almost 50% from its all time high in Nov 2021. Currently traded in an ascending channel since Oct 2022 and briefly broke out above with strong volume to close at 357.42 as of market close. Now we look for some profit taking and pullback to retest the top of the channel Buy zone is: 336 - 357 Take profit: 393 Now we have the 50 EMA...
Situation ------------------------------------------------------------------ - SPX touched and rejected from Key Resistance region @ 4150 - Elliot Wave 1 to 5 completed - MACD overbought near 80; histogram shows weakening buy momentum Strategy ----------------------------------------------------------- - LIKELY RETRACEMENT to pocket 38.2-61.8% fib...
SPX near the key resistance level @4305 that it tried to break unsuccessfully 3 times on 25 April, 28 April and 5 May 2022. This subsequently led to a continuous bear run down to the lows of 3643. I'm expecting at least a slight pullback/retracement from here @4305, back down to 4200 to find support at the 200 Day EMA. Buy Zones: 4100 (100 Day EMA + Previous...
4100 key level to take profits (scalpers) or to wait for re-entry
Fundamentals: Here is what ClearBridge Investments has to say about Bank of America Corporation (NYSE:BAC) in its Q1 2021 investor letter: "Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a...
Technical Analysis - Triple bounce off $101 level with big reaction upwards, - this region used to be resistance now flipped support. - Its also the 61.8% retracement level (golden zone for a rebound) - stochastic RSI was in oversold, now rebounding Trades: Short term traders can look for a LONG from current level For long term traders this is a good region to...
Semiconductor industry is poised for a decade of rapid growth, with many end products relying heavily on the essential supply of semiconductor chips and products. Automotives, mobile phones, laptops, tablets and the like all require chips to work. Amongst this industry lies a semicon giant poised to rear its head: TSM. TSM is the main supplier of chips for AAPL,...