Trading Idea (Educational)

Unionmet - Share Junction Forum
(BUY CALL - SHORT TERM)

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MIT: Expecting Change of Momentum after Existing Downtrend Line

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  MIT: Expecting Change of Momentum after Existing Downtrend Line What are we expecting? Mapletree Industrial Trust ( ME8U ) broke its key downtrend line on 18 Mar 21, technically signaling positive trend change. Similar to Apr 2020 move. Momentum Indicator, MACD (bottom of the chart) is displaying a upward sloping momentum which is supportive of the technical move. Who should be concerned? Investors:  Consider increasing allocation into ME8U under income portfolio, with current indicative yield of 4.50%. Traders: Taking Long positions  with 1st target price at S$2.95, next at S$3.30.Stop Loss below S$2.50. *Disclaimers apply
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Chart Review: Xiaomi (1810:HK)

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Xiaomi (1810) We shared that Xiaomi have broke out of its Accumulation zone and is entering the Mark Up phase. Price continues to mark up as analysed. Congrats if you have followed the trade.  Accumulation Phase is a zone where supply exhaust and demand overtake the dominance. Also a zone where smart money comes into the market and pick up the stock at a low price. A break out from this zone will expect to see continuation of price mark up untill supply comes in. Understanding the Wyckoff's Accumulation Phase  helps individuals trade alongside with smart money.  Disclaimer applies.
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Target Price Reached for S&P 500

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Today's Chart Forecast Chart Amid negative COVID-19 news and lock-down announcements,  S&P 500 traded upwards as forecast. Financial markets moves somewhat in a different pace with the real economy. Technical analysis and demand supply studies provide helps bridge the gap. 
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