Nov22-W1: Will 18000 be breached? (Oct31 to Nov4)
What I said last week was that not much can happen during holidays. And not much happened. Now the following is my analysis for coming week:
SGX has breached 18000. The question is – is that breach sustainable? There is upside possibility for another 100 points but then there will be a pullback. Overall, the weekly candle should not go anywhere.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18100 and 17725
Uptrend - If breach above 18100; to rise somewhere till 18300
Downtrend - If breach below 17725; to drop somewhere till 17525
Twitter has undergone a management change. Hope my tweets now find some support.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
SGX has breached 18000. The question is – is that breach sustainable? There is upside possibility for another 100 points but then there will be a pullback. Overall, the weekly candle should not go anywhere.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18100 and 17725
Uptrend - If breach above 18100; to rise somewhere till 18300
Downtrend - If breach below 17725; to drop somewhere till 17525
Twitter has undergone a management change. Hope my tweets now find some support.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.