Valuetronics Stock Code BN2.SGX
Outlook
Price after breaking below the cloud, try to rally but the rally was halted by the previous high as well as the cloud and Base line. Price formed a Marubozu candlestick price pattern yesterday in breaking below the price low at $0.695. There was a small gap formed as well and if price fails to close this gap, the trend is likely to be bearish. Price is now below the cloud and below the previous support. Both Base and Conversion lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below the price of 26 periods ago and also below the cloud. Lagging Span confirms the bearish trend. MACD is bearish with both its line below the zero line. Price could continue its decline to the previous low of $0.61
Strategy
$0.690 Short Sell
$0.610 Price Target
$0.730 Risk Management Stop
3 weeks Trade Duration
YZJ Shipbuilding Stock Code BS6.SGX
Outlook
Price broke an up sloping trend channel yesterday, closing below the trend channel and at the day’s low as well. Yesterday, price has opened at the high and closed at the day’s low which is a strong signal of a bearish trend. Price is also below the cloud. The day before price broke below the trend line, price form a Gravestone Doji, which is a bearish signal. Price is below the Base line and both Base and Conversion lines had a bearish crossover earlier, confirming the bearish trend. Lagging Span is below the price of 26 periods ago and also below the cloud. Lagging Span confirms the bearish trend. MACD is bearish with both its line below the zero line. Price could continue its decline to the previous low of $0.92
Strategy
$1.00 Short Sell
$0.920 Price Target
$1.05 Risk Management Stop
3 weeks Trade Duration
