TSE:6315 Towa Corp's uptrend has been intact since March 2020. Despite a correction since 27 May 2024, the correction has come to an end after the stock broke above the falling wedge. Furthermore, the latest price action shows a closure above the ichimoku Kumo, which confirms the three bullish golden cross. The latest cross above 1,921 resistance turned...
NYSE:RTX is looking at a renewed bullish upside after the stock sees strong bullish break above the falling wedge and as well as the ichimoku kumo, further indicating uptrend confirmation. The strong bullish break was also supported by the rising volume. Mid-term wise, Stochastic Oscillator is showing strong oversold crossover, indicating the upside....
NASDAQ:AMZN is looking at a continuation of uptrend after a strong bullish break out of the flag formation. Breakout was relatively healthy as there isn't any parabolic break. We expect prices to continue its strong momentum and break above the key resistance at 233.70. Long-term MACD remain strong and healthy. Stochastic Oscillator though confirmed the...
NYSE:ORCL Trend has been well respected within the uptrend line since Oct 2022. Despite a larger than expected correction from 9 Dec 24 - 14 Jan 25, the stock managed to reverse higher after the reverse of the tik tok ban. The strong bullish bar break above the falling wedge with strong volume will support the stronger upside continuation. Key support at...
TPEX:4979 Luxnet had a strong rally above and has break into a new all time high. This confirmed the bullish outlook over the longer-term period and weekly chart shows a potential wave V in the making, with target at 292-336 region. Daily chart price action shows a bullish continuation after prices breaks above the pennant, with the support of strong rising...
NYSE:MMM has been on a corrective phase since 29 Jan 2018 peaks and it has been on a extended double three corrective wave based on the weekly chart shown. Furthermore, the stock has also broken out of the corrective descending channel, which marks the end of the corrective move. Currently, the stock is preparing for its 5th wave impulse move and should see...
long-term trend has been intact, and the recent break into a new high has sparked a new high for this producer manufacturing stock. However, will Trump's tariffs derail it? Regardless, DE.US could be a long-term play going forward. Price action The stock has broken out of the corrective pennat, confirming the uptrend resumption. Momentum Long-term MACD's...
NYSE:DE 's long-term trend has been intact, and the recent break into a new high has sparked a new high for this producer manufacturing stock. However, will Trump's tariffs derail it? Regardless, DE.US could be a long-term play going forward. Price action The stock has broken out of the corrective downtrend channel, confirming the uptrend resumption. The weekly...
JNJ is eyeing a potential bottoming out action after price action shows strong bullish buying pressure since 10 Jan 2025. Yesterday's bullish candle was stronger than usual and it has closed above the conversion and base line of the ichimoku. Long-term MACD is still bearish but mid-term Stochastic Oscillator has shown an oversold crossover. Near-term 23-period...
NYSE:CAT is looking at a potential rebound after strong price action is showing some bullish action in the midst. Price action The stock has broken out of the immediate over resistance after rebounding off the key 138.2% extension level of the previous diamond top pattern. Furthermore, there is a strong double test of the key support zone at 354-365...
NASDAQ:WBA has been on a decline for the whole of 2024 and until start of Q4 (Sept 24), the stock actually halted and went into a consolidation stage. This year saw some recovery after the stock posted good earnings and jumped more than 27% last Friday. We believe that the stock is heading for a recovery in the near term based on the following positive trend and...
SKILLING:US100 : AAPL has been consolidating for the past 4 months and is likely to breach past the key resistance at 236.03 as resistance is likely to be weakened.
TWSE:3008 saw a strong bullish recovery after it remain supported above the steady uptrend line which started since May 2022. Above all, the stock has also cleared above the overhead resistance and recent elevation above the Ichimoku's kumo further cement the bullish trend. As such, we are looking at a potential continuation ahead beyond 2,800. Momentum wise...
NASDAQ:LCID could be a bottoming out stock in play after it broke above the key long-term downtrend line since Nov 2021. Furthermore, the stock has broken above the bearish gap and if it could sustain above the levels: US$3.17, then it could be a potential bottoming out play. Ichimoku has shown three bullish golden crossover and the Stochastic Oscillator is...
The Dow had a strong dip yesterday and this shows a price in exit after the Fed announcement yesterday. Due to the sudden drop that coincides with the pocket of support at 41,700-42,300, the DJIA may signal a possible rebound. Despite declining momentum, the psychological of the market and price action signal maintain the uptrend sentiment. Hence, we maintain our...
NASDAQ:TER The official breakout of the falling wedge is a sign of bullish continuation and whats more, Stock has been on a steady uptrend since 2008 and is unlikely to fall for now. Hence, we are likely to see the stock edging higher, maybe even beyond 158 in the super long-term
NASDAQ:AUR is looking at a possible long-term continuation to the upside. Afterall, the stock has been on an uptrend since March of last year and the channel shown in the chart has been steady. Furthermore, the stock saw strong breakout of the flag and all momentum indicators plus Directional movement index is showing strong bullish momentum.
NSE:NIFTY has seen a modest recovery after a strong correction which started in 27 Sept. Though we do not dispel a possible rebound, the stock may also be in a larger 3-wave structure and the current rebound may be an upside B leg corrective wave. But nontheless, the index is likely to continue on its upside as Ichimoku has shown two out of three bullish...