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Showing posts from February, 2025

Nvidia Corp (NVDA) Breaking Key Technical Levels

NVIDIA Corp (NVDA) Breaking Key Technical Levels Technical Observation: After DeepSeek moel was introduced, NVDA broke below both a bearish consolidation pattern and the key 150 SMA, while both the Relative Strength and Fund Flow indicators closed below zero. 1. Bearish Scenario: NVDA continues to trade below the gap area (124.80–141.88), indicating a tendency to trend lower. 2. Bullish Scenario: NVDA trades above 124.80 (the gap), suggesting that further mark-up is expected. Disclaimers apply

Oversea-Chinese Banking Corporation Limited (O39 SGX): Bullish Outlook if S$17.60 Level Cleared

Oversea-Chinese Banking Corporation Limited (O39 SGX) Potential for Further Upside if the $17.60 Level is Breached Oversea-Chinese Banking Corporation Limited (O39 SGX) is currently showing bullish momentum, supported by favorable technical indicators with potential of further upside. Technical and trade set up as follows: Supporting Technicals Uptrend Confirmation: O39 remains in a strong uptrend, with higher highs and higher lows observed over recent sessions. This suggests continued buyer interest and positive sentiment. Volume Surge: Strong volume was recorded on the last trading day, signaling increased participation and conviction among market participants. Relative Strength: The stock's relative strength against the broader market has moved above zero, indicating that it is outperforming its benchmark. Stochastics Momentum: The Stochastic oscillator ticked higher, reflecting a shift in momentum that could support further price gains. Cautionary Note – FFI: The only element o...

Week Ahead: DeepSeek's Impact on Capex, US Tariffs, and Tech Earnings in Focus

Week Ahead: 3 Feb 2025 DeepSeek Impact: DeepSeek disrupted the AI scene with Nvidia Corp (NVDA), market leader in the current AI rally, breaking its key technical levels. We remain cautious on Nvidia moving forward and have outlined both bullish and bearish scenarios for the stock. US Tariff Impact: US tariffs have begun, leading to a stronger dollar—a development the markets dislike. As a result, ETFs tracking both developed and emerging markets fell between 0.50% and 1.12%. Precious Metals: Among the headlines, precious metals such as gold emerged as winners for the week, gaining around +1.00% and trading at an all-time high, near US$2,800/oz. Medium Term: S&P 500 (SPX): The S&P 500 is holding steady, consolidating this week as it encounters resistance again around 6,100.  Our outlook remains neutral for now.  The key level to watch is the 5,780-5,832 support zone.  As long as the index stays above this, further consolidation and a potential move upwards are p...