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Monday, 14 August 2017

China Everbright Water TA - yet to show better hint

Current price 0.46

TA
After touching high of 0.510, it retreating to break 0.49 support, 0.47 support and now reaching 0.455 support. 0.455 is a relatively strong support as the line cut this level multiple times, next support are 0.428 and 0.405. However, volume is not so encouraging to give any hints of next movement (whether it is bottoming)
Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only




Tuesday, 8 August 2017

DBS - consolidation upon negative news

On 4 Aug 2017 DBS share price reacted accordingly to the following negative news:
DBS shares down on warning of higher provisions over O&G stress
http://www.businesstimes.com.sg/companies-markets/dbs-shares-down-on-warning-of-higher-provisions-over-og-stress

Technical charts analysis
After DBS share price successfully broke above 21.5 multi year high, it marched to high at 22.25, from there it broke down again the 21.5 support and subsequently below 21 mark.
The next immediate support is 20.55
and the stronger immediate support is at 20.24
next supports will be 19.45, 18.73 and 18.13 as shown below:
Mid term analysis (source : Poems Live Chart ) TA view for illustration purpose only