Analysis:
Strong Selling pressure on NK.
Upside:
- Closed above Prev DL
- Closed above Diff R/L
Downside:
- Closed outside Upside TSC (UB 10455, LB 10415)
- Change in ROC
- BHP formation on UT
- Upside sparrow W%
Trading Plan:
- Long NK if it trades above 10415 (LB) and above OP
- Short NK if it trades below 10380 (BC) and below OP
Analysis:
Profit taking on HK
Upside:
- Upside TSC (UB 21537, LB 21138)
- Closed above Diff R/L
Downside:
- Upside sparrow W%
- Closed below prev DH
- Change in ROC
Trading Plan:
- Short HK if it trades below 21138 (LB) and below OP
Analysis:
Signs of selling pressure on STI
Upside:
- Upside TSC (UB 2675, LB 2651)
- Closed above Diff R/L
Downside:
- Change in ROC
- Upside sparrow W%
- SHP on Up Trend
Trading Plan:
- Long STI if it trades above 2656 (BC) and above OP
- Short STI if it trades below 2651 (LB) and below OP
CK
Disclaimers Apply
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