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.
Capitaland is forming a very nice & complete Elliott Wave. Technically Capitaland is starting a down trend where “Lower Low, Lower High” pattern has been formed. Current price is trading below all 20D, 50D and 200D SMA whereby 20D & 50D have started Death Cross over 200D SMA.
Previous Stock Chart Pattern Analysis on CapitaLand.
Expect more down side for Capitaland if look back at previous chart pattern. Previously Capitaland had shown Bearish Elliott Wave before. Will history repeat itself? Anyway it is not for me to guess. I will just trade base on what I see from the chart.
