DBS continues to stay below $15.00. This has posed a great concern to the Bulls and it is becoming more advantageous for the BEARs to attempt the $14.60 in the coming days. The way for the Bulls to beat this is to climb up to above $15.00 as fast as possible.
Hang Seng Index (HSI) has been rallying non stop for a long period of time. In recent days, some weaknesses (Topping pattern) has been seen. As long as HSI remains above 22,800, the Bulls will be safe. Crossing below that will create opportunities for the BEARs to ambush the Bulls.
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The Bulls defended the 2,830 well on last Friday. The BEARs saga continues to weigh on the BULLs for the supremacy at the 2,830 level. The BEARs have bitten and will not let go till the Bulls climbed back above the 2,880 level.
We have the almighty Ezion at $0.60 just 2 months ago. Something has happened and it is huge. The price of the stock has plunged from 1 support to another. Now it is hanging on a thread at the $0.26 level. The burnt smell has escalated too much. The firefighters may have come too late.
The BEARs pushed down the index to touch the 2,830 level but the Bulls managed to bounce the index up and close above the 2,830 level. The game for the BEARs is not over yet. They will attempt to break the 2,830 level and the Bulls have to defend this 2,830 level with their dear lives.
DBS is falling and falling. Breaking one support after another. The slide started from breaking $16.00 and onto $15.50 and $15.00. The price need to sustain above $14.60 before a big plunge that will sink the price even much lower.
Instead of going higher, the STI BULLs are playing below the 2,880 and sliding towards the 2830 level. The Bulls have to buck up fast before they find themselves falling below the 2,830 level.
The STI Bulls are at 2,843 level. Getting too close to the 2,830 level.
The Japan Nikkei has be revolving around the 16,000 to 17,000 with the 17,000 being the immediate resistance (of a possible double top). The BULLs need to clear the 17,000 level for new highs to be made.
6 consecutive attempts at 2,880 and all have failed. The BULLs are taking things too lightly. They are practically giving the BEARs chances to try the 2,830 level in the near future. Are the RETAIL BULLs the ones who are trying the 2,880 level? Will they be trapped all over again?