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Sheng Siong (OV8.SI) — Re-accumulation Developing

  Sheng Siong (OV8.SI) — Re-accumulation Developing Sheng Siong (OV8.SI) has emerged as a potential markup candidate, following a strong breakout in May. Since then, price action has entered a well-defined consolidation just below the SGD 1.88 resistance level. The chart structure suggests a classic reaccumulation phase following the initial breakout. Price remains supported above SGD 1.80 , with a tight range suggesting controlled selling and possible institutional absorption. Volume has remained stable, while the Fund Flow Indicator (FFI) continues to trend positively — indicating underlying interest remains intact. Notably, relative strength vs. the Straits Times Index (STI) continues to hold above breakout levels, reinforcing the case for continued outperformance in a sideways-to-soft market environment. Should Sheng Siong break above SGD 1.88 with volume confirmation, upside targets are projected at SGD 1.96 and SGD 2.05 , marking the next leg of a potential markup p...
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Week Ahead: Markets Trade Sideways as Investors Digest U.S.-China Trade Talks and Middle East Tensions

bMiddle East tensions are expected to continue dominating headlines next week, while the U.S. FOMC rate decision will also be closely watched. Medium Term:  S&P 500 (SPX): The S&P 500 could hover in the near term amid heightened Middle East tensions. Key support levels to monitor are 5,900, followed by 5,780. Consider short-term range strategies between 5,900 and 6,030, with tight stops below 5,780.  Hang Seng Index (HSI): The Hang Seng Index (HSI) tested the 24,200 resistance level. In the absence of strong demand signals, the index is expected to trade sideways in the week ahead. We will continue to monitor for demand or supply signals to confirm the next trend direction. Traders could take up LONG trades near support zone.  Straits Times Index (STI): The Straits Times Index (STI) is testing its 3,900 support level. We expect a sideways trend in the upcoming week, while closely monitoring demand and supply price action for confirmation of the next directional m...
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Week Ahead: Market Hoping to see TACO Moment Between Trump and Musk

  Week Ahead: 9 June 2025 The Musk–Trump spat sent Tesla Inc. shares lower, though investors are now awaiting a potential TACO moment. Immediate technical support levels for Tesla (TSLA) are at US$278 and US$250. A weaker U.S. dollar continues to support Asian equities, particularly in China/Hong Kong. Investors are hopeful that underweight global funds may begin to reallocate to China, providing catalyst for the market’s next leg up. Medium Term:  S&P 500 (SPX): The index has broken above the 5,970 resistance level, with the potential to retest the February high of 6,147. However, volume—particularly as indicated by the Fund Flow Indicator (FFI)—needs to improve. If FFI remains weak, S&P 500 may face near-term consolidation or weakness. In the meantime, our Long-Term Cycle Indicator for US Equities has reverted to an upward trend. Bias remains bullish. Consider tactical longs above 5,970 targeting 6,147, with stops below 5,940.  Hang Seng Index (HSI): Hang Seng...
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Agricultural Bank of China (1288 HK) – Breakout Confirmation with Policy Tailwinds

  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...
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Palantir Tech Inc (PLTR) – Anticipating Breakout Beyond All-Time High

  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...
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Week Ahead: US Tariff Roller Coaster Set to Continue

  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...
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Week Ahead: Markets Watching U.S. PCE for Tariff Impact

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...
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