Bursa SGX Candlestick & Breakout Patterns

If you are keen to get ad hoc market update (including intermarket relationships like crypto, forex, interest rate, etc...) for Malaysia & US stocks, Join the Telegram Group now https://t.me/tradeprecise because I will be deleting this channel in a few days.

2021 Week 21 - MY: Tech Reversal? US: Chemical industry stocks set to jump?

What a week!

The crash of Bitcoin did stir up the market entering into a risk-off mode. Fortunately, it did not cause the stock market to become a source of funding as the margin was triggered in the crypto market (else we will see flash crash type correction in the indices).

I have pointed out in the here in Telegram Group (and scroll down) the presence of weakness in Bitcoin and Ethereum and the Bitcoin did hit the target zone as per my anticipation.

Market Update

S&P 500 has tested the demand line of the up channel twice with higher low and decreasing supply. The bull has an upper hand to break above the resistance level at 4180.

Bear case: A failure of break above the resistance level at 4180 would signal a test of 4080 or lower. Also watch out for potential up thrust with spike of supply.

Bull case: Commitment above 4180 would suggest at least a test of previous all time high near 4240.

So far, I still favor a bullish scenario.

Meanwhile, check out the stocks to watch or buy for Week 21 below.

These 5 outperforming stocks in Malaysia steel sector — ANNJOO, CSCSTEL, HIAPTEK, MASTEEL, MYCRON have been on a bull run for more than a month and could have more upside potential. Watch the video below to find out the potential entry and participate these strong trending stocks.

https://www.youtube.com/watch?v=v-g0LTDVJMA

These 3 dividend stocks PBCT, RF, CFG are set to breakout as Wyckoff accumulation structure has been completed. They are not only suitable for swing trading as there is at least 20% potential upside for these stocks, but also for long term investing as the yield based on the current price range from 2.5%-3.7%.

Watch the video below for potential low risk entry with the key levels and target price:

https://www.youtube.com/watch?v=7KiGDOiAE7Q

2021 Week 20 - Ad Hoc Market Update in Telegram Group + Stocks to watch or buy

Why I start a Telegram Group?

Firstly I have encountered quite a number of incidents about emails in my spam folder. So, if you have sent me an email and never got back from me, it is likely in the spam folder. I also found that Mplus broker emails were in it from time to time.

I guess this is a Gmail issue. So, moving forward I will also be using Telegram group to communicate on top of sending out email (yes, you will still receive my email, don't worry).

How do I join your Telegram Group?

I'm glad you asked, here is the link, click/tap below and click/tap "Join"

https://t.me/tradeprecise

Why join your Telegram Group?

I encourage you to join if you like:

- to receive more frequent ad hoc market/stock update from me.
- to get my opinion for the charts you analyzed.
- to network with like-minded traders
- to get more trading ideas from the Group (perhaps)?
- to learn more via other's questions and discussion.

Find out the top 3 oil and gas pipelines stocks - NBLX, TGP & HEP that are ready to breakout to the upside.

https://www.youtube.com/watch?v=fuL2xeAjvl0