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UOB failed to form a “Higher High, Higher Low” uptrend pattern as per last analysis. The stock formed a Double Tops at about $17.60 instead and reversed to down trend since then. UOB also failed to break the neckline resistance after showing a Hammer candlestick. The stock also had a gap down and break below [...]
Watch this 61.8% Fibonacci Support at about $1.08 closely for OSIM. Breaking this support will start another round of sell off for OSIM after forming the Double Tops. The stock is currently on down trend.
COSCO has broken the $1.80 neckline support of the Double Tops. If COSCO cannot break above this $1.80 support turned resistance level, the Double Tops formation will be confirmed with a breakdown price target of $1.32. See previous post of COSCO when the direction is turning down.