Nov22-W1: Will 18000 be breached? (Oct31 to Nov4)
What I said last week was that not much can happen during holidays. And not much happened. Now the following is my analysis for coming week:
SGX has breached 18000. The question is – is that breach sustainable? There is upside possibility for another 100 points but then there will be a pullback. Overall, the weekly candle should not go anywhere.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18100 and 17725
Uptrend - If breach above 18100; to rise somewhere till 18300
Downtrend - If breach below 17725; to drop somewhere till 17525
Twitter has undergone a management change. Hope my tweets now find some support.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
SGX has breached 18000. The question is – is that breach sustainable? There is upside possibility for another 100 points but then there will be a pullback. Overall, the weekly candle should not go anywhere.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18100 and 17725
Uptrend - If breach above 18100; to rise somewhere till 18300
Downtrend - If breach below 17725; to drop somewhere till 17525
Twitter has undergone a management change. Hope my tweets now find some support.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
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