It is just a flash in the recent Olam’s rebound. After failing to test the wedge resistance at about $2.515 (also the 61.8% Fibonacci Resistance). Olam drops below 20D and 50D MA again. Need to watch whether Olam can still stay within this wedge when the stock price test the wedge resistance at about $2.20. If Olam breaks down from this wedge, the price target is $1.70.
UOB Bank continue its bearish trend after recent rebound to test the 50D MA resistance but failed. No change in target price of $15.24 base on previous analysis.
Singapore Airlines (SIA) just break the suppport and drop out from a 3 months uptrend channel. All technical indicators like MACD, RSI, Stochastic, Bollinger Band, Parabolic SAR indicates bear is coming back for SIA again. What missing now is the volume. Will this be another free fall for SIA again?
Previous Singapore Airlines Head and Shoulder chart pattern and target price.