- since then, market sentiments had turned bearish
- from our recent CHARTS, there were some signs of SELLING across the boards a week ago
- ahead of the negative news last Friday, 15 June (where US slapped hefty tariffs on China imports)
- as our CHARTS had seen increasing number of stocks started to fall into RED ZONE (RED Rating Bar - refer older posts)
- where bearish moods started to RULE
- and weaker stocks saw lower Lows after each bear rebounds from overselling.
As of mid-day, there were signs of some stocks "Rebounding" from "Overselling"
... however, the weaker stocks may see weakness, lower prices ahead as long the bear trend remained intact
... whilst any stronger rebound need more positive (+ve) news to fuel higher prices
In a typical Bear Trend, most bear rebounds are Not Sustainable unless the bear trend get exhausted, or market sentiments turned bullish.
Stocks that show some signs of Rebounding today (12nn) after recent "Overselling"
Are these bear rebounds sustainable/short-lived?
... if not driven by +ve fresh news, the weaker stocks may fell lower after "brief Rebound"?
1. Singtel
2. Jiutian
3. AEM
4. UMS
5. Kep Corp
Yesterday Post (18 Jun, Mon)
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| What Chart SAYS ? |
LEGEND
Outlook of Stocks in Bearish Moods/Trend
Stocks trapped in Bearish Moods/Trend tend to remain Weak/Fell Lower or Range-Bound (if not driven by +ve Fresh News)
1. those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
1. those that are heavily Oversold may occasionally attempt Sudden Bear Rebound
2. after Rebound, they may go Sideways or Range-Bound into Consolidation Mode
3. the weaker stocks may resume its bearish trends, where Low get Lower till its Bear Trend ended
4. Fresh Positive News are needed to fuel a Stronger Rebound or maybe a Trend Change
e. ABOVE Outlook is only Short Term (1-5 days)
