Tuesday, February 13, 2018

Dow Jones Index - History was made on 5 Feb and 6 Feb! What's does it mean for traders?

Dow Jones Index  -  History was made on  Dow 5 Feb and 6 Feb. On 5 Feb Dow recorded its worst point fall in history and on 6 Feb it recorded its heaviest trading volume . On 5 feb Dow fell 1175 pts and it also recorded widest trading range of 1592 points in history. On 6 Feb it recorded its most volatile day with record volume. What does this mean for traders? In fact these Price Action provide a significant Ceiling (resistance) and Floor (support). If prices break and stay above 25520 (ceiling/5 feb high) the bull run will likely continue and if it breaks and stay below 23728 (floor/6 feb low) a bear market or a protracted correction may  follow. It is important for traders and investors to understand these  Price Action to know whither the market is heading.

Dow
All posts and charts are for educational and illustration purposes only

SATS - Fundamental Is Still Positive But Technical Is Pointing To a near term correction

SATS -  Fundamentals remains positive  with strong traffic growth at Changi Airport and the opening of Terminal 4 on Oct 17 providing for longer term traffic growth but the Technicals points to a correction to 4.87 in the short term, if it continues to stay below 5.30 for a longer period.

All posts and charts are for educational and illustration purposes only
Monday, February 12, 2018

Hang Seng Index DLC Webcast - Week of 12 Feb 2018

Hi everyone, if you are trading the Hang Seng Index and would like to find out what is the outlook for this week amidst the turbulence in the market, you may check out Robin's view here:

https://www.tradingkungfu.com/c/dlc/


All posts and charts are for educational and illustration purposes only
Friday, February 9, 2018

Geely Motors

Geely Motors 0175.HK. Topping out, head and shoulders reversal pattern confirmed by a breakdown in trend. Next target 19.90 and 18.00.


All posts and charts are for educational and illustration purposes only
Tuesday, February 6, 2018

Dow Jones - Key Support and Resistance Levels

Dow Jones -  Dow plunges 1175 points yesterday 5 Feb 2018, the largest single day loss in history. While the magnitude of the loss was big and percent loss is  small compared to the nearly 20,000 points gain since the bull run began in 2008. Many investors who missed the rally are already tempted to start buying. Is it time? The secret to a global stock market rebound depends on this chart. Dow at 24345 sits on the 100 days MA. The next support at the 200 days MA  is at 22800, Dow  could rebound from there but it is only a `Dead Cat` bounce. The first key level where a sustainable rebound will take place is at 21600. This is where the 2 major trend channel lines  merged.  The next to key support level are at 20700 and 19400. If a full blown market rout take place, this blog has an Conviction buy level at 17600.


All posts and charts are for educational and illustration purposes only