Wednesday, January 16, 2019

YZJ Shipbldg: A rebound caught, are we back to selling again? Price 1.31


Since Oct last year, we have seen YZJ Shipbldg supported well above 1.20 which has been holding really well..


Hence, a potential rebound opportunity came again about 2 weeks back when we approached this level


And some upside targets were drawn to catch a rebound with short term indicators still looking positive then..


See where we were then, and upside targets..




Over the past few days, we have traded higher towards target and hit,


Some selling coming back as we approached the 1.35 resistance…


Awaiting more bullish actions above 1.35 if the upside reversal is to continue further…

We may see a potential retracement with some consolidation from 1.25 to 1.35 for now before more direction…




Wednesday, January 9, 2019

AEM: Potential upside to continue above 0.90, Price 0.89


Over the past few days, we have seen some bullish actions in AEM with the markets rebounding..


It has finally broke above the 0.85 resistance that it has been trading below for about a month..


We actually had some bearish signals before the sell down in Dec but then the exit came few days back…


Some upside targets were drawn and upside still looks possible after 0.900… see what I mean





We may be attempting the move above temp resistance at 0.90…


Watching for more bullish actions above 0.900 which can see our target on tracked as drawn above..


We may start to see some profit taking again near 1.00 if that happens…


Let’s see..










Thursday, January 3, 2019

Venture: Downtrend still intact, pushing lower towards temp support... Price 13.56


After consolidating above 14.50 for more than 2 months, we have finally seen the break down 2 weeks back…


Sellers seems ready to take it lower and there were indeed some bearish price actions spotted..


Hence, some downside targets were drawn as seen below..




Over the past week, we have seen more selling towards our downside target near 13.50 but then some short covering seen as the market rebounded..


A slight rebound seen towards 14.50 and sellers came back.. and downside targets were reiterated…


Downtrend may still be intact below 14.50 now…


Seeing sellers pushing it lower towards 13.50 again where some temp support possible, but would want to be careful if that fails to hold too…


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