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Hey guys, nice double top pattern on OCBC price chart.
Price is testing the neckline, and if it breaks below, we could confirm that the double top is confirmed and target projected using 1 time of the length from the top to the neckline. Interesting setup to trade !
Price is testing the neckline, and if it breaks below, we could confirm that the double top is confirmed and target projected using 1 time of the length from the top to the neckline. Interesting setup to trade !
Hey guys, Fitch just affirmed Uob' s IDR at " AA-" with negative outlook.
Singapore' s GDP shrank 6.7% yoy in 1H20, but we expect a gradual recovery from 2H20 as movement restrictions ease on the back of an improving public health situation. Nevertheless, unemployment and business insolvency are likely to rise in 2H20 as financial relief and fiscal stimulus programmes wind down.
Still bearish on the stock it self, didn' t see any improvement from the fundamental side and this sideway trading could be there for a while.
Singapore' s GDP shrank 6.7% yoy in 1H20, but we expect a gradual recovery from 2H20 as movement restrictions ease on the back of an improving public health situation. Nevertheless, unemployment and business insolvency are likely to rise in 2H20 as financial relief and fiscal stimulus programmes wind down.
Still bearish on the stock it self, didn' t see any improvement from the fundamental side and this sideway trading could be there for a while.
JD is still trading below the descending trendline and could edge lower as price is making lower low and lower high.
We shall wait over the holiday and get ready when market reopens.
We shall wait over the holiday and get ready when market reopens.
Meituan stock still trades below the ascending trendline and could pull back to the trendline before a reversal happens. Our sell entry is still valid !
Hey guys, our call worked quite well, price touched our sell entry and reversed there sharply ! hope you guys didnt miss out the trade ! \\Hey guys, tencent chart still looks bearish as price trades below descending trendline and could go down further to retest the previous swing low where it has tested for several times but failed to break below.
hey guys, amid the negative market sentiment after the U.S. presidential debate, $BABA-SW(9988.HK) managed to edge higher and reached our TP! More upside towards our tp 2! \\$BABA-SW(9988.HK) $BABA-SW(9988.HK) actually bounced well from our ascending trendline and could edge higher towards our TP1 and even TP2 since it is holding strong above the trendline.
Hope you guys didn' t miss out the entry. We caught it sharply!
g
Hope you guys didn' t miss out the entry. We caught it sharply!
g
hey guys, possible reversal in trend for $UOB(U11.SI) . Price broke above of the descending trendline and could go higher towards our TP.
Oscillators also show there' s bullish divergence in the price action, but there' s nothing changed in fundamentals, so this bounce could be a short-term technical bounce.
Oscillators also show there' s bullish divergence in the price action, but there' s nothing changed in fundamentals, so this bounce could be a short-term technical bounce.
Hey guys, tencent chart still looks bearish as price trades below descending trendline and could go down further to retest the previous swing low where it has tested for several times but failed to break below.
Our idea on $MEITUAN-W(3690.HK) is still valid and is progressing well! I do see more downside in the stock as investors may question the sustainability of last quarter' s beat in earnings.
Recent social attention on riders' safety and social wellfare have given much pressure to the company and could weigh on the stock .
Recent social attention on riders' safety and social wellfare have given much pressure to the company and could weigh on the stock .
Remember our call on $HSBC HOLDINGS(5.HK) last week? we were saying that price could make a comeback to our sell entry where the 61.8% fib retracement and trendline are.
This morning, we saw the stock jumping as Ping An boosts its stake to 8%. Ping An stays confident in HSBC' s long-term prospects, according to its spokesperson.
I am still bearish on the stock, think that this pullback to the trendline could serve as a trigger for further price collapse.
This morning, we saw the stock jumping as Ping An boosts its stake to 8%. Ping An stays confident in HSBC' s long-term prospects, according to its spokesperson.
I am still bearish on the stock, think that this pullback to the trendline could serve as a trigger for further price collapse.
Hey guys, I turn bearish on BABA as price drifted lower and we see the ascending trendline broken. New descending trendline in formation. Time to manually close previous long position and go short !
Hey guys! This is the chart that I see on tencent!
Price currently testing strong support. A short term bounce above this level is highly possible.
Stochastics is testing support as well!
I have also put the DLC DANW levels in line with the underlying!
Cheers!
Price currently testing strong support. A short term bounce above this level is highly possible.
Stochastics is testing support as well!
I have also put the DLC DANW levels in line with the underlying!
Cheers!
Hey guys, nice setup on $JD COM INC(9618.HK) . Recent pullback in US. market has definitely hit the HK tech names. Nice descending trendline from there and time to ride the trendline and go short !
How do you guys think ?
How do you guys think ?
Our Meituan bearish went well. Price went up to test our sell entry where the resistance zone is and reversed from there.
More downside to go as the market sell-off in the U.S. could last for several days, and it could affect the tech names in HK market as well.
More downside to go as the market sell-off in the U.S. could last for several days, and it could affect the tech names in HK market as well.
Our call on Tencent went well ! Tech stocks are having its rebound back in the U.S. and we might see a turning point for Tencent soon!
Currently waiting for more confirmations to call a bounce !
Currently waiting for more confirmations to call a bounce !
Hey hsbc has seen strong selloff session in recent month due to political tensions. Market suspect that this stock could be listed in China' unreliable entity list, which has caused the slump of the stock price.
Technically, there have been signs of possible bounce from recent trough. I think price is likely to go up to test the important 61.8% fib retracement and trendline before a further drop !
Technically, there have been signs of possible bounce from recent trough. I think price is likely to go up to test the important 61.8% fib retracement and trendline before a further drop !
Our call on $DBS(D05.SI)went well !
Same as UOB, this compliance check could also affect DBS stock price in the near term. This headwinds could keep pushing stock price lower.
Same as UOB, this compliance check could also affect DBS stock price in the near term. This headwinds could keep pushing stock price lower.
Our calls on uob went well. Recently, most of the local banks are involved in stricter compliance check (seen as below).
This could affect the investor sentiment in the near term.
I remain bearish on UOB in the near term.
This could affect the investor sentiment in the near term.
I remain bearish on UOB in the near term.
Hi Everyone! This is what i see for AAC Tech!
Price is on a strong downtrend and technical indicators are showing downtrend as well.
A further drop towards -27% Fibonacci retracement target can be expected.
I have also put the DLC DASW levels in line with the underlying! Cheers!
Price is on a strong downtrend and technical indicators are showing downtrend as well.
A further drop towards -27% Fibonacci retracement target can be expected.
I have also put the DLC DASW levels in line with the underlying! Cheers!