Market Technician

  Agricultural Bank of China (1288 HK) has completed a well-defined trading range breakout, closing firmly above the prior resistance at HK$5.14, which previously capped price action since April. The breakout is supported by strengthening technical indicators, suggesting the start of a markup phase. The breakout move is characterized by: -Strong daily candle with above-average volume -Momentum pickup on the stochastic oscillator -Price holding above the 13-day SMA Supporting Technical Signals Relative Strength (RS) > 0 vs Hang Seng Index Stock outperformed the broader Hang Seng Index, indicating increasing investors attention and a preference for Chinese financials. Fund Flow Index (FFI): FFI has turned positive, reflecting renewed buying pressure and accumulation after weeks of range-bound behavior. Above All-Time High: This breakout puts the stock above previous highs, with no immediate resistance ahead — opening the path for price discovery. Supporting Fundamentals: Policy T...

  Palantir (PLTR) – Anticipating Breakout Beyond All-Time High Technical Overview Palantir has formed a well-defined trading range below its previous all-time high of $125.00 , consolidating with low volatility over recent weeks. The latest breakout candle, supported by strong volume and upward momentum, suggests the potential beginning of a markup phase . This breakout is further validated by its ability to push above prior highs with increasing participation — a classic breakout signal in both price action and volume analysis . Technical Observations: Relative Strength vs. S&P 500: The RS indicator has turned positive (above zero), suggesting that Palantir is now outperforming the S&P 500 . This is a critical confirmation of strength in momentum-based strategies. Fund Flow Index (FFI): FFI remains strongly positive , indicating sustained institutional buying interest. The steady positive histogram supports the strength behind this move. Breakout Above A...

  Week Ahead: 2 June 2025 Deal or no deal—markets are bracing to ride the U.S. tariff roller coaster in the week ahead. On a brighter note, the U.S. April PCE report helped calm equities as inflation remained subdued despite renewed tariff concerns. Meanwhile, Singapore banks declined 0.60%–1.00% on Friday, following a dip in April bank loan growth after March’s record high. Medium Term:  S&P 500 (SPX): The S&P 500 rebounded from the 5,780 support level and is currently trading within the 5,780–5,970 range. With the Forward Flow Indicator (FFI) in positive territory, the outlook remains tilted to the upside. However, if selling pressure resumes, the next key support level is at 5,540. Hang Seng Index (HSI): Our China Market Long-Term Cycle Indicator continues to signal an upward trend for the HK/China markets. The Hang Seng Index (HSI) recovery remains intact. But our near-term outlook for the index is sideways, with potential support at the 22,750 level. Alternativel...

Week Ahead: 26 May 2025 Traders and investors will be closely monitoring developments following President Trump’s escalation of trade tensions, including a proposed 50% tariff on EU goods and potential duties on iPhones. Meanwhile, upcoming U.S. PCE inflation data and the release of the Fed minutes are expected to be key market drivers in the week ahead. Medium Term:  S&P 500 (SPX): The S&P 500 is currently testing the 5,780 support level. A rebound from this area could signal a resumption of the upward trend. However, if selling pressure persists, the next key support level is at 5,540. Traders can consider tactical long entries near 5,780 with stop-loss below 5,750. Target a rebound toward 6,000 and 6,147 if momentum returns. If breached: Shift to short bias toward 5,540 support zone. Investors to maintain core exposure but stay defensive. Accumulate selectively on confirmed rebound signals. Hang Seng Index (HSI): Our China Market Long-Term Cycle Indicator continues to si...

  Observation: International equities have outperformed U.S. equities year-to-date in 2025. Elevated valuations at the start of the year, coupled with policy uncertainty stemming from tariff threats and political rhetoric, may have contributed to the underperformance of U.S. markets. In contrast, international markets such as China/Hong Kong and Singapore may present tactical opportunities with more favourable risk-reward profiles. Disclaimers Apply

  Walmart Inc (WMT) – Expecting Breakout From Trading Range Walmart is showing signs of Re-accumulation with a spring supported by bullish volume, expecting transiting to Mark Up phase. A break out above $99.79 would confirm the transition.  Entry Zone: $98.50–$99.80 Stop: $91.95 Target 1: $107.63 Target 2: $115.47 Supporting signals: Stoch positive reversal FFI turning positive Relative strength vs S&P500 ticking up Volume surge on breakout Disclaimers Apply