Channel support broken. Can't say decisively yet it looks too out to be a whipsaw.
MACD potential bullish divergence negated with today's sharp downtick of both MACD line and histogram.
Next support at 1.67 then 1.57. Might get my foot in at 1.67 and add more at 1.57 should it be tested. Cut loss will be decided should noble get into my buy range.
profit target will be at channel support turned resistance, and then in the value zone between 13 and 21 day ema
Hi, great blog! I am curious what software you use for technical analysis. Is it Chartnexus? If so, is the software able to screen sgx stocks based on technical indicator filters like MACD, Keltner channels etc? I tried emailing chartnexus about this but they refused to reply.
ReplyDeleteThanks
Hi Anon,
ReplyDeleteI use Chart Nexus.
I dont think the basic ones are able to screen stocks like that unfortunately :(
Interesting chart.
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