Market Technician

  Dive into Trading with SGX Academy: The Basics of Trading Webinar Are you ready to take the first step into the exciting world of trading? SGX Academy is thrilled to present a comprehensive webinar, “The Basics of Trading,” designed for budding traders who are eager to gain foundational knowledge and confidence in trading on the Singapore market. This free webinar will equip you with the tools and insights needed to start building your trade plans, helping you understand the ecosystem of the Singapore stock market and the variety of trading products available. Here’s what you’ll learn: Webinar Highlights: The Ecosystem of Singapore Stock Market Learn how listed companies, brokers, and SGX work together and what your role as an investor looks like. Your Trading Goals Differentiate between trading and investing. Discover the importance of basic trading techniques and explore various types of traders and trading strategies. Types of Trading Products Dive into the characteristics of...

  Malayan Banking BHD (1155)  Expecting Further Mark Up Towards Earnings Report The stock has broken above the downtrend line, signaling a potential reversal from the bearish trend. The breakout is accompanied by higher volume, an sign for price mark up. The Relative Strength against market shows improvement and indicates potential bullish momentum. FFI shows positive reading, with blue bars confirming increased buying interest. Volume is increasing, but further volume buildup is necessary to sustain the rally. Trading Plan: Entry: Around MYR 10.28 (Breakout level) Stop Loss: Below the recent support at MYR 9.96. Price Targets: 1st Target: MYR 10.62  2nd Target: MYR 10.94 Disclaimers apply

  Week Ahead: January 27, 2025 • The comment by POTUS, “ I’d rather not have to use tariffs on China ,” provided a boost for both onshore and Hong Kong equities. The seasonal Chinese New Year rally anomaly could push China/HK indices higher in the upcoming shortened trading week. • The Federal Reserve is expected to hold the federal funds rate steady at the 4.25%-4.5% range, pausing after three consecutive rate cuts in 2024. Markets will closely monitor the Fed's statement for any insights into its plans for 2025. • Upcoming Big Tech earnings announcements have the potential to trigger significant directional move in the U.S. market. Medium Term: • S&P 500 (SPX): The S&P 500 is at our 6,100 resistance level. We remain cautiously bullish on the index as long as it stays above the 5,780-5,832 support zone. Big Tech Earnings & Fed Announcement: These events could drive a significant directional shift in the broader market. • Straits Times Index (STI): The STI continues ...

Amazon Inc (AMZN): Expecting Trend Continuation Amazon (AMZN) principle business are in e-commerce and cloud computing. Stock price consolidated recently, but recent technical indicators suggest a potential bullish trend continuation.  Technicals: Upward Momentum: The chart displays a somewhat clear upward trend with price breaking higher from recent consolidation area. Indicator Strength: Relative Strength is above 0, suggesting increasing buying pressure vs broad market. Trading Plan: Entry: At current, US$230.71. Stop-Loss: Below recent consolidation range, US$216.16 Trailing Stop 1: 10 SMA (D) Trailing Stop 2: ATR (5,5) (D) Target: Twice the recent consolidation range, US$249.84. Fundamental Factors: Q4 Earnings: AMZN's upcoming Q4 2024 earnings report on February 6, 2025, could provide a catalyst for the stock price.  AWS Growth: Amazon Web Services (AWS) remains a key growth driver. Any positive developments in AWS could further propel AMZN's stock. ...

Week Ahead: 20 Jan, 2025 ·        A softer CPI report, combined with strong bank earnings and robust results from TSMC, helped U.S. stock markets rebound from their recent lows. In the coming weeks, earnings reports from the tech sector will be closely watched. ·        Meanwhile, reports of potential gradual tariff adjustments on China by the incoming Trump administration supported a recovery in Greater China equity markets after a week of sell-offs. However, caution remains due to recent Chinese economic data. ·        Trump’s inauguration, along with his initial policy decisions and tech sector earnings (as shared earlier), will be key events to watch in the coming weeks.   Medium Term: ·        S&P 500 (SPX): The S&P 500 traded back within the 5832-6100 range. We maintain a neutral stance on the index's direction. ·    ...

Week Ahead: 13 Jan, 2025 ·    The hot employment report on Friday suggests that the US Federal Reserve is expected to maintain the target rate at 4.25%-4.50% for an extended period. US equities are showing further technical weaknesses following Friday's report . ·    The Chief Economist from Goldman Sachs mentioned that US President-elect Donald Trump will likely seek an average tariff of 20% on most Chinese goods , with rates as high as 60% on certain categories. ·    On a lighter note, frequent visitors to Malaysia may be interested to know that the popular Oriental Kopi (0338) will be listed on the Malaysia Exchange (Ace Market) at M$0.44. ·     Nil trading set up identified for the week ahead.   Medium Term: ·     S&P 500 (SPX): The S&P 500 is experiencing selling pressure . A key level to monitor is 5,780, along with the upward trendline. If the index remains above these levels, it will continue...

American Express Co. (AXP) – Consolidating for Potential Breakout The chart of American Express Co. (AXP) highlights a potential breakout scenario, drawing attention to traders seeking strong risk-reward setups. Below is a detailed analysis of the stock’s price action and technical indicators to inform your trading decisions. Market Structure and Price Action AXP has been consolidating just below the USD 308.00 resistance level, forming a tight trading range. This pattern suggests a possible accumulation phase, with market participants preparing for the next significant price move. The range-bound nature of the stock offers a clear breakout level that, once breached, could trigger upward momentum. Technical Indicators Relative Strength Index (RSI): The RSI currently stands at 10.37 , showing that the stock is outperforming the broader S&P 500 index. This relative strength aligns with bullish sentiment and points toward the possibility of continued upward momentum. FFI Indicator: ...

AAC Technologies Holdings (2018) - Potential Breakout and Mark Up  AAC Technologies Holdings (2018) is showing signs of a potential breakout scenario based on the current chart setup and technical indicators.  Price Structure The stock has been consolidating in a range near the HKD 37.75  level, signaling potential accumulation. This consolidation is occurring just below a resistance zone at HKD 40.40 , which is key for a breakout confirmation. If the price breaks above this level, it could attract bullish momentum and initiate a new markup phase. Technical Indicators Relative Strength (RS): The RSI is currently at 15.57 , indicating that the stock’s relative strength is outperforming the broader Hang Seng Index (HSI). This aligns with bullish sentiment and suggests underlying strength in the price action. FFI Indicator: The FFI indicator is subdued, which often reflects a low-volume environment during selling phases. This is a healthy sign during consolidation and suppor...

Week Ahead: 6 Jan, 2025 The upcoming week promises to be an intriguing one for financial markets as investors remain cautious and focused on key developments. Major markets have continued to trade within a defined range , reflecting a wait-and-see attitude as participants anticipate the upcoming corporate earnings season. Additionally, much attention is directed toward the policies of US President-Elect Donald Trump, who is set to be inaugurated later this month. Market watchers are eager to discern how his administration's approach might influence economic and regulatory landscapes. In notable individual stock activity, Warren Buffett has made headlines with increased stakes in several companies. Over the past two weeks, Berkshire Hathaway has added to its positions in Occidental Petroleum (OXY), Sirius XM Holdings (SIRI), and VeriSign (VRSN). These moves continue to showcase Buffett's long-term investment strategy and his confidence in these businesses. Lastly, investors sho...

Historical Stock Market Performance During the Year of the Snake (2025) Introduction: The Chinese zodiac plays a fascinating role in shaping cultural beliefs and behaviors. Among the 12 zodiac animals, the Year of the Snake is often associated with intelligence, caution, and financial shrewdness. We take a simply review of three key indices, S&P 500, Hang Seng Index (HSI), and Straits Times Index (STI),  annual performance  during the Year of the Snake. Key Observations from the Data: S&P 500 Performance: Average annual return: 0.47% . Win/Loss ratio: 37.5% (3 years of gains vs. 5 years of losses). Notable years: 1989 marked a robust gain of 27.25% , while 1941 saw a steep decline of -20.22% , coinciding with global tensions during World War II. HSI Performance: Average annual return: -5.36% . Win/Loss ratio: 66.67% (2 years of gains vs. 1 year of losses). Notable years: The index's strongest year was 1989, with a return of 5.55% , while 2001 suffered a severe decli...