Singapore Stock Analysis, Singapore Stock Forum, Singapore Stock Blog. Value Investing, Momentum Investing of Singapore Stocks and US Stocks.
Currently COSCO is turning down after hitting $1.96 resistance. Next immediate support is $1.86 which is also the 61.8% Fibonacci support and 20D MA support. The Double Tops chart pattern is still at sight unless COSCO can stay above this neckline for the next few weeks.
Raffles Medical is currently testing the long term up trend support and also the neckline support of the Double Tops chart pattern. This support level is at about $2.20. Breaking down from the Double Tops may send Raffles Medical to price target of $2.05. Currently Raffles Medical PE ratio is 26.3 (base on $2.25) which [...]
COSCO has failed to break the 200D MA resistance and bounced down to test the neckline of the Double Tops chart pattern now. COSCO may rebound from this neckline support to test 20D MA resistance. Things to watch: Whether COSCO can break above this 20D MA resistance. Whether COSCO can break this neckline which is [...]