$Frasers Cpt Tr(J69U.SI)$ Weekly Chart [$2.05] present a 5 year weekly chart, highlighting past occurrence of RSI dipping below 40 1. week of 9/3/20 , the first dump, extraordinary deep ended sharp rebound 2. week of 26/10/20 , sharp dip of 10% ended quick rebound 3. week of 10/5/21 , dip of 4.6% ended quick rebound 4. week of 27/9/21 , minor dip of 1.3% ended quick rebound 5. week of 26/9/22 , dip of 4.4% , went 37 cents lower from High of first dip candle 6. week of 2/10/23 , dip of 5.9% and ongoing Latest scenario is more similar to occurrence 5, RSI retest below 40 after a minor rebound, estimating an equivalent 37 cents drop from High ($2.19) of first dip candle S1 - $1.82 | R1 - $2.13 | R2 - $2.26
$Tesla Motors(TSLA)$ Tesla (TSLA) daily chart [$220.11] a simple view based on price action & RSI indicator - since Apr, 3x big gap down action, all -9% plus - 2 of them, RSI dip below 40, 1 of them breaks RSI trend support Best scenario - price bottom along lower channel support Worst scenario - perhaps $160
$ARM Holdings Ltd(ARM)$ Decided to trade with 15min intraday chart 1. spotted the bullish divergence 2. queue and waited price near open price of Green candle (vertical line) 3. set TP/SL alert, finally sold off at $51.80 not a big wining but at least a good start[Grin] bullish divergence can be very fruitful, but take into more consideration like 1. bullish candle ? 2. increasing volume ? 3. crossing above 20 period MA ? and lastly, have a stop loss in mind. @TigerStars @CaptainTiger @MillionaireTiger
$CHINA UNICOM(00762)$ Weekly Chart [$5.82] - potential Hugh Cup-with-Handle bottom - ultimate resist along $6.50 last week gain of 8.3% on improved volume may initiate further upside back along nackline $6.50 Ri - $6.50 | R2 $7.30S1 - $5.30 If you like the above analysis, kindly reply and like[Victory] @TigerStars @CaptainTiger
$CHINA MOBILE(00941)$ Weekly Chart [$67.25] - ultimate resist $59 cleared - peaked along $70 since Apr 2023 - last week moving back above 20 MA looks positive estimate a new 52 weeks High or even along upper channel as shown (abt $78) if good volume supported (weekly volume >100million shares) R1 - $70.00 | R2 - $78.00 S1 - $63.00 If you like the above analysis, kindly reply and like[Victory] @TigerStars @CaptainTiger
$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ Where the stock stands at based on daily RSI? Daily RSI just broke trend support as shown, a similar situation back in Dec 2022 suggesting stock could have been peaked along recent high of $1.79 Two possible scenarios: 1. quick decline which is rather unlikely given that both 20 & 50 MA are trending upwards without losing much momentum 2. a delayed decline similar to what happens in last occurrence. Share price could possibly range-bound in narrow range with continued decline in trading volume and ended with a dive S1: $1.50 | S2: $1.39R1: $1.79
$Zoom(ZM)$ Zoom Daily Chart [$66.29] - downtrend resist line drawn from way back Nov 2022 - flat resist formed along $74 - no excitement in UP volume (green bars) + price below 20 MA, Conclude: range-bound towards bearish bias R1 - $74 R2 - $84 S1 - $65 If you like the above analysis, kindly reply and like[Victory] @TigerStars @CaptainTiger
$SEMBCORP INDUSTRIES LTD(U96.SI)$ SembCorp (U96) daily chart Triangle formed (connecting closing price) Typically, if prior trend is UP, triangle is bullish bias But bear in mind triangle can also breakdown to form bearish Triple Top (marked 1️⃣2️⃣3️⃣) with critical neckline support along $5.10 Taking a closer look at candle & volume bars: 20/06/23 - heavy full bar selling 06/07/23 - gap down selling also above average volume 19/07/23 - today closed with a bearish Inverted Hammer (plus around previous Peak price) Normally you dont find heavy selling in bullish triangle, therefore i have doubts in the current rebound strength and SembCorp could be forming a 3rd Top afterall🤞