@Optionspuppy:Hammer appeared for OCBC at 11.90 I feel it's the bottom one could buy and wait to sell before xd $OVERSEA-CHINESE BANKING CORP(O39.SI)$ Ahoy matey! The price trend for Oversea-Chinese Banking Corporation Limited (OVCHY) has been quite bearish lately, causing the stock to lose 6.3% over the past four weeks. But avast! The formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon. It seems that the bulls might have gained significant control over the price to help it find support. The hammer pattern is a technical indication of nearing a bottom with likely subsiding of selling pressure. But there's more to this bullish case for the stock. On t
@Keeley:$Palantir Technologies Inc.(PLTR)$ #PLTR Price did not play out as expected last week during the earning release. A quick overview of the financials, PLTR has achieved its first profitable quarter. However, the underlying revenue growth has been slowing down, and with the 5-year guidance of average 30% growth rate in revenue, this is actually bearish. Technical-wise, there is a huge imbalance and a fair value gap at 8.23 which is to be filled. I'm expecting price to make a bearish retracement from here. https://www.tradingview.com/chart/PLTR/PlUkwZzH-PLTR-Analysis/
@AhGong:U.S. stocks slid Wednesday after the government's monthly retail sales report showed a slowdown in consumer spending activity, while a reading on wholesale inflation showed cooling prices. Wall Street also continued to parse through corporate financial updates for signs of the “earnings recession” many analysts have warned about. The S&P 500 (^GSPC) tumbled 1.6% after reversing gains from earlier in the day, while the Dow Jones Industrial Average (^DJI) shed 600 points, or 1.2%. The technology-heavy Nasdaq Composite (^IXIC) declined 1.2%. The Dow had its worst day of 2023, while the Nasdaq's losses snapped a seven-day winning streak. Wall Street navigated a bevy of data, corporate earnings signals, and Fedspeak on Wednesday. St. Louis Fed President James Bullard said Wednesday that he
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