Market Technician

Technical observations on  Grab Holdings Ltd (GRAB) 1. Distribution Phase This phase appears to have occurred in 2021, where the price reached its peak and then began to stabilize with signs of selling pressure. The high volumes during this time suggest that institutional players were offloading shares, marking the end of the previous uptrend. Key Observations : Price flattening with volatile moves. Increasing sell volume towards the end, indicating that institutions are selling to retail investors. Implication : This phase signaled a top and the beginning of a downtrend. 2. Mark Down Phase After the distribution phase, a clear Mark Down phase took place, starting in late 2021 and continuing into early 2022. The price shows a steep and rapid decline, indicating a bearish market dominated by sellers. Key Observations : Steady decline with consistent downward momentum. Strong bearish volume and large red candles indicate continued selling pressure. Implication : A clear signal of be...

  Technical observations on Zoom Video (ZM) 1. Distribution Phase This phase occurs at the top of the trend (mid-2020 to early 2021 in the chart), indicating a shift from an uptrend to a downtrend. The large price drop suggests that the "smart money" or institutional players are offloading their positions. The clear price structure indicates that sellers dominated during this phase. 2. Mark Down Phase The significant price decline following the distribution phase highlights the "Mark Down." This is the bearish trend that follows after distribution, as seen with the consistent downward trajectory of price through 2022 and 2023. The trendline marking the downward slope indicates a persistent bearish environment. 3. Accumulation Phase In 2023, the price appears to have entered a sideways consolidation range. This is suggestive of a potential accumulation phase. Here, the smart money is likely building positions, anticipating a future uptrend. The decreasing volume duri...

  Week Ahead, 28 Oct 2024 As demand for Labubu soars, markets are becoming more cautious in anticipation of potential surprises, with the U.S. Presidential Election approaching. Macro News: - Israel has launched strikes on targets across Iran, and investors are closely monitoring the situation for any further escalation, particularly its impact on oil prices. - Strong U.S. economic data continues to provide upward support on long-term interest rates , putting ETFs like TLT under pressure. Market Trends: Medium Term: - The S&P 500 is trading around our 5,900 technical target level. We remain cautious for the week ahead and are closely monitoring directional movements. - The STI is trading within the 3,570-3,640 range. Likewise, we are keeping an eye on potential directional shifts. -  The HSI remains at its first support level of 20,600 (Fibonacci 38.2%). Long Term: - S&P 500 remains upward - Hang Seng Index (HSI) remains upward - Straits Times Index (STI) neutral to up...

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  Starbucks (SBUX): Potential Mark Up Positive momentum (Stochastics), suggesting the stock could continue to rise, 1st technical target price at $98-$100 with next level at $105.  If the price falls back below $93.76, the bullish setup is invalidated. Disclaimers apply

  AAC Teh (2018): Potential Mark Up Positive momentum (Stochastics), suggesting the stock could continue to rise, 1st technical target price at $34.20 with next level at $36.90.  If the price falls back below $30.05, the bullish setup is invalidated. Disclaimers apply

  Week Ahead, 19 Oct 2024 Are we in ASML's weak outlook reality or TSMC's AI boom outlook reality? Either way, we remain bullish yet cautious on the markets, as indices hit fresh highs and market sentiment becomes overly optimistic. We continue to monitor signs of market demand and supply to guide our medium-term outlook. Macro News: - US DJIA, S&P 500, Gold, and Germany's DAX all closed at record highs on Friday. - China's central bank chief signals the possibility of further interest rate cuts. Market Trends: 1. Long Term: - The trend for both the S&P 500 and the Hang Seng Index (HSI) remains upward. - The Straits Times Index (STI) shows a neutral to upward trend. 2. Medium Term: - The S&P 500 is nearing our 5,900 technical target level. We remain cautious and are monitoring directional movements. - The STI is moving higher toward the 3,700 technical target level, with immediate support at 3,500. - The HSI is at its first support level, 20,600 (Fibonacci 3...

  Blackstone Inc (BX): Expecting Upward Move Price rebounded from support, expectations of retesting US$161.25 high, with both volume-based momentum indicator (FFI) and relative strength moving higher. ❗️IMPT: Earnings Report on 17 Oct. Could experience sharp volatility Disclaimers apply

  Summary for Week Ahead, 14 Oct 2024 S&P 500 technical target at 5,900-6,000 zone, cautious uptrend continues as long index holds above 5,650 support. STI consolidating with immediate support at 3,500 China A50 remains in upward trend, index consolidating in the near term.  Headlines for the week: - US Corp Earnings (BAC, C, LVS, MS, NFLX, PG, AXP) - US Aug CPI, PPI, FOMC Minutes,   - China CPI, 3Q24 GDP - SG Adv 3Q24 GDP, Sept NODX  Disclaimers apply

  US Energy Sector Technical Breakout, Potential Retest of Previous High A bullish breakout was observed in XLE, and supported by volume momentum (FFI). Price could retest target at around $100 , with a risk-management stop below $87.03.  Disclaimers apply.

  Netflix (NFLX) Upward Trend Expect to Continue Technically, Netflix is in a uptrend, with potential for further gains. The breakout above $711.33, coupled with steady price action, points to possible upside targets at $761.33 and $811.32. However, falling below $686 (cut loss level) would falsify the technical view.  The move is support by stronger US and European economic data released recently, pointing to a more resilient consumer market. Disclaimers apply.

  Can I Still Buy into This China Rally? Technical Picture: KWEB ETF (CSI China Internet Sector) signals a potential bullish reversal after a period of downtrend and consolidation. The breakout (Sign of Strength) above $36.04, accompanied by strong volume (FFI), suggests further upside potential, with targets in the $51.00 zone (and possibly $67.00), supported by Beijing's series of economic stimulus measures. Technically, the upward outlook remains valid as long as the price stays above $35.87. Investor Strategy: Using a 61% stop-loss strategy, an investor could consider entering a position in KWEB.  The next step would be to calculate how much risk they can tolerate if the price drops below the 61% retracement level (around $30.00), at which point the investor would exit the position, assuming a reversal in macroeconomic conditions. Disclaimers apply.

  Week Ahead, 7 Oct 2024 Actual Non-Farm Payroll (NFP) figure significantly exceeded consensus estimates, coming in at 60% higher. This stronger-than-expected labor market data increased the likelihood of a smaller, 25-basis-point interest rate cut by the Federal Reserve, compared to the more aggressive cuts anticipated by the market. Bond ETFs like TLT declined by 1.23%, while the S&P 500 reversed its earlier losses to close up 0.90% for the day. Upcoming earnings reports could provide additional momentum for the US stock market. While we remain cautious on the S&P 500, our technical target remains at 5,900-6,000 , as long as the index stays above the support level of 5,650. Meanwhile, the Chinese market is set to reopen on Tuesday. Social media channels indicate that many investors are eager to open brokerage accounts to participate in the potential rally. The China A50 index remains on an upward trend, approaching its first target at 14,300. The Hang Seng Index (HSI) i...

  The Hang Seng Index (HSI) has outperformed the S&P 500 Index year-to-date.  We anticipate that more funds will flow into Chinese equities as long as the government's policies remain supportive and the Chinese equities market continues to generate alpha compared to the S&P 500 benchmark. Disclaimers apply