1. SingTel
2. HPT (US)
3. City Dev
4. StarHub
Identify The Trend ... The Trend is your friend
Stocks trapped in bearish trend/moods may faced more selling pressure at times & when heavily OVERSOLD, tend to stage occasional Rebounds.
But the Rebounds may be Short-Lived, unless prevailing selling pressures are exhausted. Stronger Rebound or Trend Reversal may occur when driven by +ve Fresh News or changes in Stock Fundamentals.
A week back, stocks above (highlighted in 31st May Post - see below) faced Overselling Pressures & subsequently led to Rebounds
- But the rebounds are short-lived, as seen in both SingTel & StarHub & bearish trend/mood resumed
- City Dev, HPH (US) also Rebounded but on Stronger momentum, driven by recent *Fresh News from market analysts
Recent *Fresh News
... HPH (US) - "SellDown as OverBlown" by OCBC Research
... City Dev - kept "buy" by Deutsche
Typically, Stocks trapped in Bearish Trend/Moods tend to remain weak (if not driven by +ve Fresh Leads)
CHART REVIEWS of Stocks in Bearish Trend/Moods (a week ago)
1. SingTel
2. HPT (US)
3. City Dev
4. StarHub
Charts (7 June'18) below shown stocks that are Oversold led to Rebound subsequently but without +ve Fresh News, price weakness remained (as in SingTel & StarHub)
... City Dev, HPH (US) also Rebounded but with more upside, fuelled by recent *Fresh News from market analysts
... DAY on 31st May'18 is depicted by "Blue Box"
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| OverSelling led to Rebound but Short-lived, fell lower |
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| OverSelling led to Stronger Rebound (*Fresh News) |
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| OverSelling led to Strong Rebound (*Fresh News) |
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| OverSelling led to Rebound but Short-Lived, fell lower |
LEGEND (Short Term Trend Outlook 1-5 days): Read More >
Identify The Trend ... The Trend is your friend
Stocks trapped in Bearish Trend/Moods a week ago
1. SingTel
2. HPT (US)
3. City Dev
4. StarHub
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Previous Post Dated 31st May'18
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