Current NOL chart looks bearish. A Bearish Engulfing candlestick pattern especially at the resistance level was observed. This is a reversal pattern after the recent rebounce. Keep a close eye that whether 20D MA crosses down the 200D MA in the next few days. If yes, NOL will start a bearish down trend.
Singapore Exchange (SGX) has reached the price target of $9.20 after breaking out from the Falling Wedge pattern. A Bearish Engulfing candlestick patterns, which is a reversal pattern, was observed at about $10.00 (52 weeks high level).
Current PE of SGX is 31.77 which is considered over value.
Current Stock Price = $9.54
Technically and Fundamentally, SGX does not have enough strength to continue the bull run. A Trend Reversal is inevitable. Next crucial support at $8.805 (78.6% Fibonacci Retracement Level), followed by $7.718 (61.8% Fibonacci Retracement Level).
Genting Singapore shows a Bearish Engulfing candlestick pattern today. This is a trend reversal pattern after the recent uptrend.
Key level to watch:
