OUE: Upside reversal still in progress? Looking good. Price 1.76.

Just a few weeks back, there were some bullish actions spotted in OUE…

It has been resisted below the 1.65 level since June last year and finally buyers were ready to take it higher by breaking it..

Also, there were also some signs of the trend changing positively from the indicators..

Hence, some upside targets were drawn towards 1.85 first which was where we can expect some firm resistance based on historical price levels..

See what I mean below…

Over the past few weeks, we have indeed seen some consolidation below 1.70 before more actions began,

Has been holding quite firmly above the higher support at 1.65 since last month.. and targets were reiterated again

Buyers were ready to defend the level that they have broken through…

Moving averages were also showing signs of reversal upwards as days passed with a potential crossover..

See the red and blue line below..

Today, we have found a new recent high again as an attempt to push higher towards the same target..

See where we are below..

Can see the bullish crossover as I have mentioned above with the red line finally crossing above the blue 200 day MA line..

This can be a sign of the reversal still in progress…

Target may be revised higher as seen… Still in watch list for more upside…

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OUE: Selling continued as planned.... cautious still... Price 1.53. System revealed!

Following up from previous blog post last month when OUE was trading at 1.71…. >> http://singaporetradinginsights.blogspot.com/2018/05/oue-heading-towards-target-still-price.html

It was mentioned that more downside was likely on a further breakdown below 1.70…

True enough, we have seen the breakdown and the selling accelerated… fast….

We have actually revised our target lower over the past 2 weeks….. see what was sent…

We have already hit our 1^st target over the past few days and seems like the 2^nd target is still on track….

See where we are below now…

Trend indicators are still looking weak, pointing to more selling…

Selling may still continue as drawn.... probably to 1.45 next?

To add, it was also mentioned that we had a bearish signal on the PTI system…

Let’s take a look at the system to see what it says…

We had a 1et Bearish entry signal on 15 May 2018… and then the heavy selling started….

Cautious long for now… as there are still no exits…

See what I mean below….

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OUE: Heading towards target still... price 1.71, Cautious more weakness...

Just about 2 months back, we have seen the breakdown of the 1.84 support level with some signs of a downtrend in formation…

Therefore, some downside targets were drawn as seen below…

Seems like we are still in the midst of playing out towards the target….

Would also want to be cautious of more weakness below 1.70 again…  

See what was spotted then…

We are currently approaching the 1.68 - 1.70 support soon as drawn above….

Some short covering expected….

But downside may not be over on more bearish price actions… cautious..

See targets that were reiterated again last week…

We actually saw some BEARISH signals on the PTI system before more selling happened….

No exits… PTI grads can check…

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OUE: 1st target hit.... moving towards 2nd target... Price 2.03. How it came about?

Just 2 weeks back, we spotted some reversal actions in OUE as it approached the 1.90 level..

Some targets were drawn with the first one at 2.00…

And indicators were also showing signs of a reversal….

See what the targets are below…

Over the past few days, we have seen this first target at 2.00 hit and it is still holding above well for now…

The 2^nd target at 2.10 may well be on its way too though upside is now lesser compared to when it was at 1.89 when we first spotted….

Fyi, this stock was also mentioned in the video which I have prepared last week on 2018 Outlook and Top 6 Stocks.

Haven't watch it yet?   >>> Click here to watch the video immediately.

So how did we managed to have this stock in our radar?

Well, it was actually filtered out from the PTI System where inner circle have accessed to and we had a 1ET BULLISH ENTRY signal on 2 JAN 2018…

Yes before the up move even started….

See what I mean below… Still NO EXITS yet…..

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OUE: Some actions seen as predicted 2 weeks ago, price 1.84

As mentioned in call 2 weeks back, we have indeed seen a move in OUE….

A pretty decent move above the 1.80 key resistance level…..

Can there be more upside from here…. Were you prepared for the reversal too like some of us had….?

Seeing some profit taking for now near 1.85, but can it head to our target at 2.00 eventually as per arrows drawn on the chart 2 weeks back (See below chart)?

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Just to share that we actually had 2 BULLISH SIGNALS on my system last month for this too, before all the hoo ha today…

Let’s see… PTI graduates can look for an exit if it comes J

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Recent Email:

Sent: Tuesday, November 22, 2016 9:14 AM
Subject: ******** OUE: Still capped below 1.80 now, but signs of reversal showing, price 1.78

For illustration purpose only

OUE: Can it touch our 1.80 first target? price 1.765

Seeing more buy ups today from yesterday’s note…..

High at 1.77…

Likely to see some profit taking near 1.80…

MACD still looking positive, let’s see when to take profit….

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Recent Email:

Sent: Tuesday, September 27, 2016 11:09 AM
Subject: ************ OUE: Resistance for the year cleared, a positive above 1.70, price 1.725

OUE has traded below the 1.70 key level since the beginning of the year and has tested once only to fall back below. We are seeing the short term 20 day MA line start to slope upwards and have recently crossed above the 100 day MA line signaling a reversal in the mid term. Today, we have seen the breakout above 1.70 which can see the upside continue as long as 1.70 remains as the new support now. Target can be to 1.80 then 1.90 in the near term. MACD in positive territory with a upside crossover too which can seem momentum returning above 1.70.

*********************** OUE: Postive call triggered before BREAKOUT last week.... NOW AT 2.37 !

Congrats to come client who went in on OUE last week before the BREAKOUT SEEN TODAY … Still good to go as mentioned ?

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