TWSE:3481 1. Innolux has been on a strong downtrend for 3 years but recent break out of the downtrend has halted the selling. Current mid to long-term trend remain rangebound. Short-term trend (2 months) is likely to see a comeback and continued upside as the stock has gapped up above the overhead resistance and the short-term range between 13.00-14.40. ...
NASDAQ:GILD had a strong bullish buying pressure at the bottom with the support of a volume spike. Furthermore, it has broken out of the downtrend line. Double bottom formation is confirmed and Mid-term stochastic is showing confirmation of oversold together with divergence. Hence, we will buy on market spot upon open or a retracement to 69.11 or 64.85.
KRX:329180 is looking at a strong bullish upside after today's bullish bar is strong to be filling up the gap. The stock also saw strong upside pressure looking to push further to the upside.
NASDAQ:LRCX is looking at one more leg of a downside 3-wave correction and test the lower support at 798.98 level. We believe that the formation of a 5-wave larger degree broadening wedge is underway and if it form successfully , the stock will stage a grand rebound to the upside in the long-term
NASDAQ:MNST Selling has been halted for Monster Beverages after bearish exhaustion was seen on 30th May. Thereafter, the stock saw a bullish divergence on the RSI, and volume has spiked. As such, we are entering buy at spot at 52.20 or waiting for a pullback to the 50.43 demand zone. Target could see beyond 60.00 in the midterm
NYSE:FDX is looking at a potential resumption of upside after strong buying pressure was seen at the 247.22 key support region—furthermore, the downside from 291.54 was a mere correction, we think it's likely to be a correction as no strong bearish pressure was seen. The bullish engulfing candle was seen on Monday with mid-term stochastic showing potential...
High volume trade on $NYSE:LVS. Initiaing a buy on LVS!
NASDAQ:BLNK : BLNK is looking at a potential end of the accumulative phase and may be starting to see a strong bullish run. Volume is supporting the breakout and all other indicators are pointing towards a bullish upside. Hence, would buy spot at 3.30 or lower support at 2.78
TWSE:2883 China Development Financial Holdings has completed the accumulation from 21 Oct 22 to 14 Mar 24, a sign of bullish recovery. Current price action saw a strong break out of the ascending triangle with strong volume and is likely to continue higher. Prices are also trending above all ichimoku indicator. Long-term MACD remain bullish. Hence, we are...
TWSE:3008 Largan Precision is looking at a potential continuation of the upside after Ichimoku shows 2 out of three bullish crossover and price action shows 1) Double bottom confirmed and 2) The breakout of the 3-wave corrective channel, which suggest larger bullish continuation. Hence, we are long on Largan with a buy at 2,385 and 2nd buy limit at 2,205....
TPEX:3071 ADDA Corp is looking at a strong potential of upside after the stock forms a large cup and handle base. Furthermore, the stock is well intact within the long-term uptrend of 4 years. Traders could accumulate at spot at 41.40 or allocate some at 36.75 support level. Target over the long-term is 60.00
NASDAQ:COIN is looking at a potential distributive upside to form UTAD and I'm taking advantage of it, especially after it break out of the bullish flag. Buy at spot at 209 or support at 172.98.
NYSE:PLTR Plantir's year long uptrend remain intact and though the trend between 7 mar 24 to present is looking at a distributive phase, the stock is likely heading for another buying climax with a mid-term target of 30.33. Meanwhile, 17.78 support could be a level of entry as well should there be a pullback.
CHTR is looking at a potential bottoming out after strong buying pressure was seen last Friday. Furthermore, the stock has formed an inverted head and shoulder formation. Prices are trending above all ichimoku indicator. Indicating strong further upside going forward.
GOTO has finished its accumulative phase after breaking out of the larger falling wedge. The stock has also formed a bullish inverted head and shoulder pattern and is looking for a strong break of 78 resistance level. Long-term target is at 109.
The EUR is facing some slight bullish pressure at 1.0600 psychological level. However, rebound may be limited and may face a capped at 1.0710 resistance. As long-term MACD still shows bearish downturn and mid-term stochastic still has yet to show clear oversold crossover signal, we think major buying rebound is likely to be at 1.0580 or lower deeper support at 1.0437.
An update on our previous EURUSD trade. The upside move was stronger than my expectation and it fails to reach and rebound at our supposed support zone. Instead, EURUSD is now looking at a bullish upside after Ichimokus shows strong upside signal. The break above the bullish flag signaled further upside continuation and is likely to see the stock testing...
CXS Corporation saw a strong bullish rebound yesterday after forming a bullish engulfing candle. Also, the stock has formed a double bottom formation after breaking out of the 3-month downtrend channel. Mid-term stochastic is showing a potential oversold crossover (Pending a break above 20-line) and ROC is rising. Volume supports the rebound. Hence, maintain a...