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Shanghai Sock Exchange Composite (SSEC)


Shanghai Sock Exchange Composite (SSEC)

Significant break from the bullish Ascending Triangle pattern after close to 2 years of consolidation. 1st target set at 3,680 which is the confluence of the 261.80% Fibonacci projection and previous resistance set in late 2015.

If strong momentum persist, we could see the index trading towards the 2nd resistance at 4,000 which is the confluence of 423.6% Fibonacci Projection and previous resistance created in mid 2015.
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Palantir Technologies Inc PLTR: Technical Rebound at Sight After US Broad Market Stabilises

  Palantir Technologies Inc. (PLTR) USD86.24 Palantir (PLTR) posted a bullish reversal, closing above the 13-day SMA (83.56) with significant volume expansion. This signals potential momentum strength in the near term. First key resistance zone between the 50% and 61.8% Fibonacci retracement levels (USD 99.85 – 105.79), which could present selling pressure. Disclaimers apply
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DBS Group Holdings (D05) and Straits Times Index (STI): Technical Change of Momentum

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Week Ahead: US Indices Momemtum in Question

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