I will only plan long side if Price makes this kinda pattern. Else will sit calmly....
TICKER CODE: 546 Company Name: Medtecs International Corporation Limited Industry: Medical Instruments & Supplies | Singapore Technical Analysis 1. Large Pennant Pattern Broke out and retested already 2. Fibonacci Retracement at 0.618 3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Entry: Already Active (0.90-1.15) 1st...
TICKER CODE: B56 Company Name: YANGZIJIANG SHIPBLDG HLDGS LTD Industry: Industrials / Capital Goods / Machinery Position Proposed: BUY Technical Analysis 1. Pennant Pattern (Forming) The market should break out and retrace by the end of 2021 2. Fibonacci Retracement at 0.786 ( Silver Zone) 3. 1st Partial Take Profit will be at Fibonacci Expansion Safe Take...
sgx is seeing good support from trendline and graphical support ! Stochastics is also showing room for more upside !
Price is approaching support where we could see a bounce from our buy entry. Stochastic is approaching support as well where we could see a bounce from here.
Price is approaching our support in line with our trend line, 61.8% retracement, 127.2% extension and horizontal pullback support where we could see a bounce above this level.
Price is approaching our support at 8.40 where we could see a bounce above this level. A break above our bearish trend line could see a further upside in prices.
For SGX, I am seeing limited upside before it reaches our sell entry, in line with our 50% retracement and previous breakout level where we could see a reversal below this level.