RS Endures the Volatility: $GRID, $GUNR, $XOP, $SMH Remain Leaders
Importance of Relative Strength When Building Your Portfolio, RS Leadership Endures Beyond the December, and Yesterday's Shakeout 6 weeks after the short-term market pullback that rebounded on the close of 18th December, the strongest 1-month RS groups remain largely intact from the below quoted post. This is the latest 1-Month RS new high industry group after yesterday's shakeout. Note: Be mindful of the current ATR% extensions from the 50-MA, the level of extension are materially different (for most) from the conditions seen on 17 December. $SPDR S&P Bank ETF(KBE)$ and $SPDR S&P Regional Banking ETF(KRE)$ - $Direxion Daily Regional Banks Bull 3x Shares(DPST)$
OTF Bases as BABA Targets $220 on Bull-Flag Breakout
1. $Blue Owl Technology Finance Corp(OTF)$ - 6-month basing structure with VARS present. Not the cleanest IPO base as $CoreWeave, Inc.(CRWV)$ and $XPeng Inc.(XPEV)$ during their time, but worth to keep in watchlist if it continues to consolidate and tightened its range for a few more weeks/months 2. $Alibaba(BABA)$ (Update) - Another +6% move as the “T-Head chip unit IPO” option resurfaces. If this mirrors the prior two bull-flag breakouts (+$60 each), the measured move projects toward ~$220, assuming the advance starts from the $157–$160 base from 12th January in the quoted post below. For SG users only, Welcome to open
$Krispy Kreme, Inc.(DNUT)$ — A 6-month bullish ascending triangle pattern signaling a potential trend reversal.Price has been tightening since Q3 earnings following a +119% beat. Q4 estimates point to +161% EPS growth, the strongest since $DNUT IPO in July 2021. The company’s share float is under 90M shares, with roughly 28% short interest, creating a share structure that carries the ingredients for a potential short-squeeze rally if price action continues to tighten with weekly higher lows For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.🎉Cash Boost Account Now