OSIM up trend has ended after breaking out from the uptrend channel. The stock is currently starting a correction after rejected at 20D SMA resistance twice. $2.00 will be a tough psychological resistance to crack. Next immediate support is $1.87 followed by $1.80 (about 200D SMA).
ST Engineering rebounded and looked like completed Wave B after rejected at 20D SMA and 61.8% FR resistance at about $4.00. Watch next few days to see whether ST Engineering trade below $3.90 and $4.00. If yes, Elliott Wave C in action with support $3.59 (recent low) followed by the 161.8% FR target of $3.00.
See previous stock chart analysis on ST Engineering here.
Keppel Land is technically bearish and starting a down trend. The stock is currently trading below 20D, 50D and 200D SMA. Do a quick comparison (shaded in red) and you will see what is going to happen the to the stock price from now on. Is it time to buy on dip or start shorting? You better know what you are doing.
Previous stock chart analysis on Keppel Land.
