S68
Singapore Exchange
Weekly S68 is at the top of the bollinger range at 9.12. Slope is gentle and at top of intermediate range.
Saturday, December 5, 2020
SGX chart S68
Thursday, January 24, 2019
BTC, ETH, BCH charts
BTC
On the daily, it is forming a small triangle, nearing the apex and could break down within this week to 2421.14.
ETH
On the daily, price is on minor support. a break below targets $40.
BCH
BCHUSD is the most bearish of the three, price is in range 73.1 to 213.1.
BTCUSD on the weekly, still a very bearish structure. With support 2421.14.
On the daily, it is forming a small triangle, nearing the apex and could break down within this week to 2421.14.
ETH
ETHUSD unfortunately, looks even weaker than BTCUSD. Chart is in a descending channel on the weekly, price points to 40.
On the daily, price is on minor support. a break below targets $40.
BCH
Saturday, January 12, 2019
STI,
A look at the STI today,
With a trade war between US and China happening. Problems in Europe, Brexit (waiting) to happen. The World is in a greater uncertainty than before. Volatility is high, plus the longest bull run since the 2007 Asian Crisis... All these are adding up.
STI looks to have rebounded, into resistance, with the 200 MA above and a resistance from previous S/R at 3.25-3.35.
Looks like the move could stall...
Great Eastern
One of the giants in SE-Asia, insurance company GE is part of OCBC bank and has shown a strong rally from 24.4. Also into resistance at $26.0. Wait for breakout and retest for confirmation.
OCBC
OCBC forming a wedge, and above longer term trend line. Could be silently bullish. A test of 11.2 will be a good buy.
SATS in a channel, 4.50 still good support. candles are entering channel top at 5.00.
Saturday, January 5, 2019
Ramblings about life and then some charts.
It has been a long long time since I blogged.
Mostly, I admit is due to me being very very lazy, then busy, then unmotivated, etc.
I am a person with all sorts of bad habits.
Still, sometimes (rather rare) I have the urge to write.
I was checking my blog posts, and realised that my blog on charts and finance has higher readership (by magnitudes) then my blog on religious reflection.
😏More people agree to $$$$ but not everybody agrees on religion and beliefs.
HAHAHAHA...
So what have I been doing?
Some parts writing, some parts working, some parts trying my hand at being a gardener.
I had some results after planting orchids for a year, flowers were blooming! Then I moved and the plants (creepers) became barren.
The next project was a simpler plant... CACTUS!🌵 (succulents)
The result after 3 months... My baby 👶
The growth was pretty impressive... Although I didn't know why it lengthen and became like this... sort of .... 😰. There is some fluff on the top.. I can't understand why its barren there too... 😬.
I started my Masters program... and am heroically doing it part time. Because I didn't qualify for full scholarship, I found a work cum partial sponsorship by my organisation. Well more about that (maybe) on later posts.
So on to the charts...
Cryptos crashed.. that much every one knows.
Well if you bought now, you will be paying at real low prices.
The risk: Its trash and no one buys from you, it gets hacked and stolen. You lose it... by which lost is 100%.
ETHUSD weekly
On the daily, ETHUSD needs to consolidate with S 144.37 before a possible push up to 200 on a push up. Price may consolidate in a range till march in sideways motion. below support 116-114, the floor will be open to the lows.
BTCUSD weekly
BTCUSD looks very weak. There is a flag on the weekly, that will be soon invalidated in 2 weeks. However, the chart still looks bearish. Small engulfing pattern on the weekly with a star shows indecision.
On the daily, BTC forming a right inverted shoulder. H&S in a strong trend usually are continuation patterns. So caution here.
R4899.4, S2937.7...
Potential 812.9 is right there on the weekly... each is flag extension.
If BTCUSD drops, many coins will drop along with it in value fiat wise... An article by @rektcapital is an interesting read below.
We may gain some idea on how to profit.
BCHUSD daily
Mostly, I admit is due to me being very very lazy, then busy, then unmotivated, etc.
I am a person with all sorts of bad habits.
Still, sometimes (rather rare) I have the urge to write.
I was checking my blog posts, and realised that my blog on charts and finance has higher readership (by magnitudes) then my blog on religious reflection.
😏More people agree to $$$$ but not everybody agrees on religion and beliefs.
HAHAHAHA...
So what have I been doing?
Some parts writing, some parts working, some parts trying my hand at being a gardener.
I had some results after planting orchids for a year, flowers were blooming! Then I moved and the plants (creepers) became barren.
The next project was a simpler plant... CACTUS!🌵 (succulents)
The result after 3 months... My baby 👶
The growth was pretty impressive... Although I didn't know why it lengthen and became like this... sort of .... 😰. There is some fluff on the top.. I can't understand why its barren there too... 😬.
I started my Masters program... and am heroically doing it part time. Because I didn't qualify for full scholarship, I found a work cum partial sponsorship by my organisation. Well more about that (maybe) on later posts.
So on to the charts...
Cryptos crashed.. that much every one knows.
Well if you bought now, you will be paying at real low prices.
The risk: Its trash and no one buys from you, it gets hacked and stolen. You lose it... by which lost is 100%.
ETHUSD weekly
finally some relief from the great fall of 2018. The engulfing pattern on the weekly shows some likelyhood of a reversal starting. overall trend is still down.
Strong support and hence heavy Resistance is just overhead.
On the daily, ETHUSD needs to consolidate with S 144.37 before a possible push up to 200 on a push up. Price may consolidate in a range till march in sideways motion. below support 116-114, the floor will be open to the lows.
BTCUSD weekly
BTCUSD looks very weak. There is a flag on the weekly, that will be soon invalidated in 2 weeks. However, the chart still looks bearish. Small engulfing pattern on the weekly with a star shows indecision.
R4899.4, S2937.7...
Potential 812.9 is right there on the weekly... each is flag extension.
If BTCUSD drops, many coins will drop along with it in value fiat wise... An article by @rektcapital is an interesting read below.
We may gain some idea on how to profit.
BCHUSD daily
BCHUSD has been trashed and trouble brewing for the developers/ supporters of Roger Vers... Action seems sideways for now... I think there is a need for price recovery from BTCUSD or some big push for things to happen beyond 19 Jan 😐 (14 - 18 Jan something big is happening???) for a break out of the descending wedge pattern.
There is also equal chances of BCH breaking down to lows again.
Disclaimer: This post is of personal opinion only and not an advice to buy/ sell/ hold. The author is not liable to any loses arising directly/ indirectly from reading of this post.
Friday, March 16, 2018
BTCUSD and BCHUSD update
BTCUSD daily
BTCUSD looks to be heading towards 6899 - 7423 region, where there are some strong levels of support. Price region at support also coincide with a flag extension from 5 - 9 mar 18.
If BTC USD is on a technical retracement, price should be supported there this week.
BCHUSD daily
BCHUSD looks to be heading towards 733 to 847 region. Where there is some strong support. Price coincides with minor channel support and price levels.
Price has reached oversold. Should be supported there this week.
BTC/ BCH overlay
As observed BCH price is also affected by BTC. Interestingly, the price is at the same levels and are moving very close correlation.
Friday, March 9, 2018
A look at Bitcoin cash
Cryptocurrencies are all the rage with their wild swings and stories of billionaires who are made every time it makes new highs.
With current news, such as
With current news, such as
Bitcoin price: Cryptocurrency DROPS below 9k after HARSH words from federal commission
cryptocurrencies have been dropping like rocks.
Is this a chance or is this the road to the end?
Here is a Technical analysis for long term chart.
Bitcoin
Bitcoin is forming a bullish hammer at the broken resistance TL, if closes above the TL is bullish.
Bitcoin cash
Bitcoin cash the result of the hardfork split from Bitcoin may be in the process of forming a butterfly. The pattern is not confirmed yet, as there is no candles in the chart. However, if bitcoin rises, the rest of the cryptocurrencies may be dragged up.
Disclaimer: This is not a recommendation to buy sell or hold.
Monday, March 20, 2017
A look at some STI stocks
Asian Pay TV Trust
APTT formed a bottom at 0.38, the MAs are still pointing to a bearish consolidation, Price has broken the longer term trendline and is currently retesting at 0.42, the same price is support (Support + 61.8 retracement+ trendline retest) indicates that price now is very important , If price extends in a recovery, it targets 0.56 - 0.58, which is former support turned resistance and the 38.2 retracement from 04/06/2015.
Fundamentally, taiwan has a lot of online TV channels with a growing following. If APTT can leverage on this, then growth will be sustainable.
Expect 0.56-0.58 to be strong resistance, and consolidation may take a further one year. between 0.58 - 0.50 range.
Great Eastern
Great Eastern is reaching the apex of the triangle, price is now hitting resistance and a close above 21.63 will target 26.5++ region. Below $20, targets $16.
There is a golden cross forming with the 50 MA above the 200 MA, showing that price is leaning towards bullish.
Lippo Malls Trust
Lippo Malls looks like it could be forming a double top, with price hitting resistance 0.4, neckline is 0.36.
Mewah
Mewah could be retesting a broken trendline at $0.32. Above 0.36, price will be positive.
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