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...
Bitdigital NASDAQ:BTBT has broken out of the falling wedge and upon breaking out, the volume has shown a steady increase, which in turn supports the breakout. Mon bullish bar was considered strong and has been confirmed by the spike in volume and subsequent bullish upside. Momentum indicators show a strong buy signal after long-term MACD has shown the first...
CBOT_MINI:MYM1! Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600
AMD had a buying climax on 8 Mar and followed by a corrective downside for the next 2 months. The decline is rather corrective and as such, we are taking a bet that there will be an upside for now to form a potential distributive Spring Test. Especially it had since broken out of the falling wedge. To add, the confirmation of the smaller diamond bottom adds on to...
The USD/JPY has slip after touching the 160.00 region and it is suspected as an intervention during the trading holiday in Japan. However, the effect was quite minimal as the dollar/yen pair saw bullish strength at 151.972 support. Going forward, USDJPY may head higher to test the immediate resistance at 151.70 before another round of sell-off occurs. mid to...
Betting on a short term rally. Target is at 16.24-16.86. Doubt it will have a strong break to the upside
Hershey has completed the accumulative range of 6-month after the stock broke out of the range at 204.03 resistance turned support. Prices has also trends above all Ichimoku indicators and is likely to trend higher targeting 227.49, 238.96 and 259.44. Furthermore, all momentum indicators are showing strong bullish sentiment
On Semi conductor's selling has been weakened since Nov 23 and the larger falling wedge is pointing towards a larger bullish reversal pattern. First the cup and handle is close to a completion and will confirm the pattern once it breaks above US$72.84 resistance. Volume is low but is a potential sign of accumulation. Long-term MACD is close to a bottom...
TSE:6367 Daikin mid-term trend shows clear bullish trend after Ichimoku shows clear uptrend signal. We believe it will reach 28040 over the longer term period