While the price is above the support 1.2995, beginning of uptrend is expected.
We make sure when the resistance at 1.3460 breaks.
If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
? 8323 target then, price will not break or close 8622. Incase of break & close above 8612, then channel will not continue.
During the falling wave, 3 times reduction in price has been seen.
While using the retracement, 32.2% retraced is at 9249. Price rotatio range is betw een 8838 and 8188.
Berjaya Corporation Bhd after forming double bottom around 0.260 consolidate in price band of 0.270-0.290.
On first time stock breaks and made high 0.290 with volume surge.
Stock can rise till 0.300-0.315 with support comes at 0.260 on closing basis
Stock Haw Par (H02.SI) Singapore listed stock trading below 55 days MA.
Macd indicator also signals below zero line which is also negative.
After break of major support 12.30 stock to level of 12.10 and 12.00
Stock can test level of 0.330 in coming days after breaking major support of 0.345.
Also MACD indicator pointing downward trend with trading below signal line.
Stock facing immediate resistance around 0.370 as per price rejection around this level clearly visible.
Maple Tree Log Tr breaking Resistance level of 1.30.
Stock made low around 1.18 and shift upwards after forming Doji around this level.
Stock is rising in uptrend with strong momentum.
Momentum indicator like RSI also rising current value pointing to 65.0 level.
Stock can rise till 1.35-1.38 with support comes around 1.23-1.24
Genting Sing (G13) stock tested rising trend line around 0.960 level.
Stock can rise above 1.05.
As per moving averages trading sideways
can be also one indicator that stock going to trade side ways quite some time but give upside breakout after recent higher high formation.
Keppel Corp forming and trading Rectangle Continuation pattern.Today price actin saw huge bullish candle close near high end of rectangle.candle for looks like Bullish Morbozu with open and low remains the same.
One can keep watch on stock for breakout.
Singapore Airlines stock will trade in range of 9.50 to 9.90. if stock break this trading range either on upside or downside.
As to look sector as whole airlines stocks globally have headwinds higher fuel prices.Recent fall in oil prices be good for these stocks.
Positive only above break of $10.Below 9.50 slide to 9.30-9.00