Thursday, 31 May 2018

Bearish Stocks in ST INDEX - May 31, Thurs

ST Index Closed -15pt to 3428 despite Dow overnight 300pts Rebound ...

Bearish Stocks (that are Oversold)
1. SingTel
2. HPH
3. City Dev
4. StarHub



LEGEND(Short Term Outlook: 1-5 days) 
A. RATING Bar in RED 
....depicts Stocks in Weak or Bearish Mood 
... the longer the Rating Bar in RED, the more bearish or weaker is its price movement
... any Rebounds are likely Bearish or short-lived, & Not Sustainable without Fresh Positive News 
... after Rebound, it may go sideway (struggled to remain in consolidation) or resume its bearish mood unless driven by New Fresh Positive News.

B. RATING BAR in GREEN
... depicts Stocks in Positive or Bullish Mood
... the longer the Rating Bar in GREEN, the more Positive or Bullish is its prevailing sentiments
... any PullBack are likely healthy or short-lived unless driven by Negative News that halt its Upside Biases
... after DIP, it may go sideway (remain in consolidation, digestion mode after Profit Taking or fell back lower if there is no good positive catalysts to support its price ascend) or resume its Upside Biases if driven by Fresh Positive News.
... higher price ascends or target need to be fuelled by Strong & Good Stock Fundamentals ELSE any upside biases are Not Sustainable

NB: BEWARE of DEAD CAT BOUNCE where stocks with poor fundamentals staged Sudden Price Surges & died off as Suddenly as it had Risen on Bear Trap!


Disclaimer: Above Technical Outlook may be unreliable & RISKY as its data & chartviews are not verified to be accurate; it is only for general info, NOT for your trading or investment. 

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