The Market Technician

Search This Blog

DBS Expected to test First Support

August 01, 2019

Get link
Facebook
Twitter
Pinterest
Email
Other Apps

DBS (D05)
We saw a change of character during yesterday's trading session. We are expecting further downside on DBS with first support at S$25.80-S$26.00 zone.

DBS

Get link
Facebook
Twitter
Pinterest
Email
Other Apps

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.

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.

Bullish Continuation Expected for S&P 500

Bullish Continuation Expected for S&P 500 S&P 500 broke out of its down trendline and then saw Sign of Strength (SOS) , breaking above its resistance. With the bullish character , we expect the current short term demand>support situation to persist, trading towards 2850 resistance area (FIbo 61.80% area and previous support level. However, 1 sign of cautious is the volume . We like to see more volume as index trends higher. If volume remains at current rate, we may see trend reverse. Disclaimer applies.

Powered by Blogger