Ian15

Ian15 Updated 

After a strong recovery from the lows, market buyers remain strong as threatening dips near the 2800 resistance have been erased, hinting at further aggressive accumulation from the buyers. This is despite unprecedented economic data releases that confirm a full economic fallout from the global pandemic. The tech-heavy Nasdaq has even recovered above the 200EMA....

Ian15

Globally, we have seen a meaningful rally from the lows of the coronavirus market rout, one of the fastest in history. It seems that risk on sentiments are returning from the bulls as global markets print higher lows. A recovery may be imminent.

Ian15

Chinese markets has remained resilient in the face of a bloodbath in global markets with only a forgiving decline of less than 10%. It has now fell to a major support which is the level it gapped down to when it was in the centre of the outbreak. With that it can be observed that strong buying pressure came in as buyers aggressively defended when 2715 was hit and...

Ian15

As the coronavirus outbreak plaques the global markets, Chinese equities have posted an optimistic V-shaped recovery but we've yet to see similar bullish sentiments from the H-shares. With the market testing the critical 26000 support again over the past week, the price actions looks like buyers are struggling to defend the 26000 level. Times are critical as a...

Ian15

We are seeing a long overdue correction from the markets finally with the coronavirus outbreak worsening over the past week. From Friday's decisive rebound from the support, we can see that shorts have been taking profits and panic selling seems to have subsided. Hence, it is wise for traders not to pile into shorts and await a further development of the trend as...

Ian15

ITA completes retest of previous resistance turned support with clear indication of renewed strength with bullish price actions seen for the past two trading sessions. A bounce up to continue the uptrend is likely.

Ian15

Since 2017, AUY sellers have firmly capped it below 3.70 as we can see on each of the two occasions it came near to the 3.70 level, we see a swift downturn. However, this year we observe that buyers have been stepping up aggressively with AUY holding up below the multi year 3.70 resistance. With AUY, staging a multi year gap above the 3.70 resistance last trading...

Ian15 Updated 

With the latest earnings report, TWLO gapped down below the $100 key psychological level on strong volume with similar strong selling volume seen last trading session as the stock revisited 100 on the retest. A further sell off looks imminent with sellers looking ready to bring TWLO lower.

Ian15 Updated 

I have observed that BK buyers has been struggling to prop it up from the beginning of 2019 with BK down for the year amidst broad market strength. With BK staging a modest rally from the lows, it may now be facing some serious overhead resistance as it approaches the key psychological level of 50. BK may head back to 48 then to 45 should buyers fail to hold.

Ian15

AZUL has been in uptrend mode since the start of 2019 with a YTD return of 40% but has been capped below 38 for the past 2 months. Finally, we are seeing some bullish price actions above 38 as buyers seem to have overpowered the sellers. As it clears the last resistance, it looks like there are clear skies ahead for AZUL towards the all-time highs where...

Ian15

BABA bulls looks unfazed as uptrend channel support line remains intact for now. It seems like shorts have finished their party and are packing their bags with bullish price actions observed above 165 dollars indicating that buyers are back to defend. Hence, it looks like there is more room to go for the buyers.

Ian15

The defensive utilities sector has been on a strong uptrend since 2018 as markets trembled with uncertainty and bulls threatened to buck. After some profit-taking at 65 dollars, there is reason to believe that there may be another leg up as buyers seem to be returning with bullish price actions observed last trading session.

Ian15

It looks like buyers were ready to push oil higher as we saw fierce buying pressure yesterday pushing oil up clear from the 61 dollars resistance. However, bears came back and dumped contracts down right away and it looks like buyers are giving way again. We might see further downside to 58dollars again where short-covering might take place.

Ian15

Over the past month, buyer and sellers were in a fierce tug of war and it looked as if sellers were gaining on the buyers as they threatened to break the 1-year channel support line and buyers were aggressively capped below 1830 by the bears. However, it looks like buyers have made a comeback as we see a strong break above the month-long resistance of1830 last...

Ian15

EURUSD has still been in an ideal downtrend as per trend indicators and over the past few days, we have seen a strong rally back to retest 1.12 where we might see more profit taking and sellers coming back to bring EURUSD lower again.

Ian15

Over the 2 weeks, we've been spotting red flags in IP as buyers started to struggle to prop it up, expecting the 44 support to break down soon. Sure enough, we are seeing a clean move downwards the past trading session and I am expecting to see more sellers piling in seeing a target price at the 40 psychological support where some short covering can happen

Ian15

We have observed some strong selling for FOXF over the past month and seen several supports break down. However, we are seeing some buyers coming back to defend the 67.50 support again and it is possible to see further buying with more short covering and traders getting long. Possible target will be 72 where selling might come back again...

Ian15

The past week has absolutely been one of the worst selling we have seen since the start of the year as the market grappled with fear with the unexpected worsening of the US-China trade war. However, it is at these times of panic and apprehension that traders and investors alike tend to lose their cool and become irrational. Thus, it is of utmost importance that...