Sgxlong
MEDTECS SGX BUY/LONG 1.15 to 2.65 by end 2021TICKER 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 Partial Take Profit: 2.65 (May consider full exit here)
2nd Take Profit: 3.80 (The market may not reach here as there is not enough historical data to project)
EXPECTED Take Profit in September - December 2021
BS6 Analysis (Long-Term) for SGX Stocks 1.40 to 2.50TICKER 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 Profit, Flagpole Length and somewhere near Key Structure Level (Very likely for price rejection/Pullback)
4. 2nd Partial Take Profit MAY NOT REACH we will need to see if 1st Partial Take Profit Level creates some sort of consolidation to decide on an exit or to hold to that level.
1st Entry: NOW READY (1.40-1.45)
2nd Entry: 0.85 (Based on 2nd Scenario) (End 2025-2026)
1st Partial Take Profit: 2.50
Based on 1st Scenario (End 2022-2023)
Based on 2nd Scenario (End 2025-2026)
2nd Partial Take Profit: 3.60 (EST 2029)
sgx is seeing good support from trendline and graphical support sgx is seeing good support from trendline and graphical support ! Stochastics is also showing room for more upside !
SGX is approaching support, potential bounce 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.
SGX is approaching support, potential bouncePrice 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.
SGX is approaching support, potential bouncePrice 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.
SGX facing bearish pressureFor 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.
