Ho Bee: Trading in a Rising Wedge
Ho Bee’s stock chart is showing a Rising Wedge pattern. Ho Bee seems reversing the trend after hitting the wedge resistance. Breaking down from this Rising Wedge pattern will send Ho Bee to price target of $1.20.
Wing Tai: Symmetrical Triangle in Formation
Wing Tai seems like forming a Symmetrical Triangle and trading within a tight range close to 20D, 50D and 200D MA. No clear trend until Wing Tai breaks out from this Symmetrical Triangle chart pattern.
Allgreen: Trading with a Tight Range
Allgreen has been trading within a tight range from $1.00 to $1.20 for the past 5 months. No big price movement is expected until the breakout. Also take note that 200D MA, a long term trend, is trending down. $1.14 is the important level to watch as this level is the 50D and 200D MA support. If Allgreen stays below the 3 Moving Averages, the chart pattern is bearish.
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