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Weakness observed on BTC, Distribution Phase?

May 20, 2019

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Weakness as explained on chart. A fall below the ice, closing below $7,000, will confirm BTC Distribution Phase (Top).

Closing above $8,400 will falsify the analysis.

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Chart Review: Xiaomi (1810:HK)

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.

ThaiBev Expecting Further Strength

ThaiBev (Y92)

Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume).

Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum.

1st target level will be at S$0.95 resistance.

Stop price at 10D SMA (10 days simple moving average)

Disclaimer applies.

Target Price Reached for S&P 500

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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