Weekly Chart Analysis – Price action on the stock indicates that it is in an overall bull trend ( started in 2009 ), making higher highs and higher lows. Something I spotted was that market tends (high probability) to retrace to the 0.5 area before moving higher.
Current price action indicates a probable retracement more than a continuation of the trend.
Daily Chart Analysis – Differs a lot from the weekly chart, where it shows that price action has recently respected previous structure low (maintaining the trend characteristic). The market still has a leg room to prove the retest, hence an entry now wouldn’t be a wise one.
The ideal entry would be an exhaustion in retracement like the current one, It will provide a better Risk to Reward Ratio.
Weekly Chart: Price action on the stock seems to be trading in a consolidation range with an up build of a bearish character. If the market breaks 2016’s structure low, it would have completed a bearish trend requirement. Thus, increasing the probability of Singtel’s share price to drop even lower. What the possibility of that??
Daily Chart – It seems that there’s a great probability of such happening, as price action has recently just broken previous structure low ~ forming a bearish trend. If you’re planning to long this stock, It would only be wise to be in when a retracement happens. I’d think Singtel has a high probability to be trading around 2013 price level.
Weekly Analysis – The market pair was initially trading in with a bearish momentum ( lower higher and lower low) till late 2016. As price action did not break previous structure low, it signifies a strong bullish possibility.
Daily Analysis – Knowing that all trades have to be aligned with the bigger time frame, I waited for the market to break key level and retrace ( for better risk/reward ratio) and entered on a smaller time frame. This has brought me a trade with a 1 : 4.64 RR.
Side note: I might exit and not trade my trade once market hit my target.
Daily Chart – Market has broken 2004 Highs with a strong bullish momentum that doesn’t seem to end? It holds an erratic bullish trend characteristic, as you can see sometimes market consolidates with a considerable amount of time and sometimes it doesn’t.
What do I mean? as you can see after the break of $1, makes tends to have a spurge growth in buyers (probably price followers) entering the stock this led to an immediate “unhealthy” growth in price which led to the drop of 80% (in the range of $2-1).
So what does current price tells me? The market tends to retrace sharply after a new “fast dollar break”. Thus, entries would be highly possible near the whole number.
Daily Chart – Market has been running pretty bullish since late December. It has been breaking previous “structure high” constantly with a nice momentous demand of buyers. This has resulted in a strong short-term bullish characteristic that has a great opportunity to test the September 2017 high (0.745).
1 Hour Chart – As much as the market was really choppy, it respected key areas ~ as stated above on its characteristics. Spotted an engulfing pattern in the key area and decided to take a probability bet on it with a 1:4.37 RR.
Daily Chart – DBS has an overall bullish trend that is either losing some of its steam (short-term) or is trying to build traction. I would think the latter, as seen from previous price actions, market would have a high tendency to consolidate before making a new high.
So why did I say it might be losing some of its steam on the short-term? Pre-consolidation and post since the first circle shows that market has been growing 10% or greater, but on recent consolidation, market is growing at 8% or lower.
Then why do I think the latter is more true than the first? I believe market is ready to break into new highs and before doing so, it requires a chunky consolidated price actions (building traction/demand) before proving overall trend characteristic. In summary : this is a higher PROBABLE bet then the other.
I’d think market has a high chance to test previous structure low or form its new structure low. Thus giving traders a good entry opportunity so do watch out!
Weekly Chart – Market has an overall bearish trend that seems to be really strong since 2008. What does it mean? – Not logical to be holding “long durational” trades that are opposite the trend.
Markets has finally broken off the 3 year consolidation with a classical bullish short-term trend. Current price range that market is in will induce greater volatility, this creates more real & fake opportunities for an entry.
Daily chart – Price action has broke off key level with a head and shoulder pattern . Market seems to have strengthen it’s short-term bullish characteristic, this indicates that market have a higher probability to maintain its run.