STI up for 4days, many stocks is hitting resistance level, i just pick a few here to write on. KepCorp Currently trading at 8.32, after DOW close more than 300 points last night, most stocks gapped up this morning. Though KepCorp broke the downward trendline resistance, it is now facing another strong resistance at 8.42 (horizontal line) and the 40MA. This however concurrence with our Swing setup, CCI oversold +100. Hence today might be a good time to take profit off table if u are holding this share. Can consider Shorting this stock if next day drop below today's low.
Sembmar currently trading at 3.63, has hit the resistance at 3.66 this morning. Similar chart like kepcorp. Major trend still downtrend, facing resistance.
Sembcorp currently trading at 3.83, CCI overbought, slightly above the 40ma. Well, if today close above the 40ma, our swing setup is not valid, however if you are holding this stock for "short term", do look forward to take profit as market has for 4days already.
Sembmar currently trading at 3.63, has hit the resistance at 3.66 this morning. Similar chart like kepcorp. Major trend still downtrend, facing resistance.
Sembcorp currently trading at 3.83, CCI overbought, slightly above the 40ma. Well, if today close above the 40ma, our swing setup is not valid, however if you are holding this stock for "short term", do look forward to take profit as market has for 4days already. 