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22

Nov

Biosensor – Poised for further upside

Posted by Jay Chia  Published in Technical Analysis

Trend: Uptrend, 20ma up, MacD above 0 Support: 1.11 (20ma), 1.05 (50ma) Resistance: 1.24, 1.31 Observations Candlestick –One white soldier (Bullish). Histogram – Many Rs. No Bearish Divergence. RSI – Around 50%. No Bearish Divergence. Stochastic –Bullish crossover shown. Bouncing out of oversold. Bollinger Band – At mid band and is squeezing. Conclusion: Biosensor has [...]

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Tags: Analysis

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22

Nov

STI – Standing on shaky grounds

Posted by Jay Chia  Published in Technical Analysis

Indeed, STI did not hold at the rising window support level and headed towards 3200 level and has been testing 3200 level for the last 2 days of the week. As pointed out last week, this level is a very important level to determine whether STI will still carry on to be bullish or not. [...]

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Tags: STI

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