Noble Group: Turning Down after failing to test the resistance
Noble Group is turning down after fail to break the down trend support turned resistance. Short term Noble Group should be heading toward the next support at $1.33.
United Overseas Bank (UOB): Load your SHORT Gun!
UOB is currently testing an used to be reliable support at about $17.11. If this support is broken, UOB will be heading towards the 61.8% Fibonacci support at about $15.24. LOAD YOUR SHORT GUN! (Something like START YOUR ENGINE in F1)Β Β Β π
Financial Sector is extremely weak at the moment. See previous analysis.
SembCorp Industries: Upside capped at $4.00
SembCorp Industries is currently trading in Elliott Wave C. Base on currently chart pattern, SembCorp is likely to head towards $3.545 (50% Gann level) after the 61.8% Fibonacci Support level at about $4.00 (also the psychological level) is broken. This $4.00 is a tough resistance to break at the moment. So, I am expecting more downside to the next supportΒ in the coming days or weeks.
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