BABA (HKEx:9988) Hit Trend Channel Resistance, Could Pull Back.

Alibaba has hit short-term trend channel resistance today at 117.60 HKD.

Could correct to support levels of 114.15, 109.13 and 104.41 in the short term. 

All posts and charts are for educational and illustration purposes only

WTI Crude Correction Could Be Over, Uptrend To Resume

Yesterday, I posted my trade plan on WTI Crude Oil in my Telegram Stock Chat Group when WTI crude was at 108.

Today, WTI Crude futures surged to high of 115 (up more than 2%) hitting my first target . The correction for crude could be over, and it’s poised to challenge the last high at 130.

When WTI crude corrected from 130 to 93, a lot of traders shorted the crude with a view that it had peaked . If the prices challenge the 125 mark it could trigger massive short covering that will take WTI crude to 147. 

All posts and charts are for educational and illustration purposes only

ISDN (SGX: I07) Bearish Price Action - H&S Formed With 50-MA broken)

ISDN form head and shoulder pattern last November. The stock continued to trade weaker thereon and broke below its 50 day-MA in Feb 2022. ISDN price is on a downtrend since.

The stock last traded at 0.575

Immediate Resistance: 0.615

Second Resistance: 0.715

Cut Loss: Above 0.74

Target 1: 0.535

Target 2: 0.45

Target 3: 0.385

All posts and charts are for educational and illustration purposes only

How RHO Trade Plan correctly call a sell on DBS (SGX: D05) near its peak and took profit close to the recent bottom.

DBS hit a peak at 37.49 on 14 February.

RHO Trade Plan identified the start of a downtrend on 25 February and a short call was made at 34.95.

Using RHO propriety price action strategy, we identified our profit targets and cut loss levels. They were spot on, with DBS hitting three out of the four targets set out in the trade plan (gaining more than 11% in slightly more than 1 week).

What’s more? When the third target at 31.05 was hit, DBS pull off a sharp rebound, and we then took all our profit.

In a volatile market like this, it’s so important to understand how to create a good trade plan to identify precisely when to enter and exit your trade.

To find out more about Robin’s proprietary trading strategy, email tanyunyou@phillip.com.sg.

To get first insight into Robin’s trading idea and live market analysis join RHO live-stock chat group. Email Robin at robinhosa@phillip.com.sg.

For account opening, you can click on the link provided: https://blog.robinhosmartrade.com/.../join-robins-trading...

All posts and charts are for educational and illustration purposes only

Gold last done at USD 1,990 is going to challenge its ATH at USD 2,070.

These are the reasons:

* Gold is both a safe haven asset and an inflation hedge. We are in the middle of these conditions.

* War is defining movement throughout financial markets

* Inflation is a big concern. War stoking prices.

* Gold has been largely ignored during wider pandemic driven commodity gains.

All posts and charts are for educational and illustration purposes only

WTI Crude is heading for all-time high at USD 147.

Russia is the world’s largest exporter of oil to global markets and the second largest crude oil exporter behind Saudi Arabia. US and it’s European allies are mulling over the imposing sanctions on Russian oil .

If it happens , oil will sky rocket above is ATH as the sanction could exacerbate the current tight supply conditions.

Furthermore, OPEC Plus declined to take steps to cool the market at their recent meeting while Russia’s invasion of Ukraine rattles markets sends the price of crude skyrocketing.

What seems to be a ray of hope to the Iran Nuclear deal , after months of negotiations , a revised deal was expected to be reached within days under which US sanctions would be lifted in return for Tehran returning to full compliance with the 2015 nuclear nonproliferation deal.

But diplomatic efforts have been sent into a tailspin by Russia’s unexpected demand for written guarantees that its economic trade with Iran will be exempted from US sanctions imposed on Russia since its invasion of Ukraine.

Gulf states sees constraint supply with soaring prices as an as an opportunity to balance their books which potentially could send Crude Oil futures surging towards their all-time high at $147.

All posts and charts are for educational and illustration purposes only

Commodity Supercycle is Accelerating Higher

 The Bloomberg Commodity Index broke out from its uptrend channel to hit a 124 high today.

The 1st target at 131 is approaching but before the year end it should hit 175. Stay invested in commodity stocks especially crude oil.

All posts and charts are for educational and illustration purposes only