Market Update

On 19 Jul 2021, S&P 500 futures broke below the immediate support at 4280 and went into oversold condition tested the daily support at 4240, coincided with the demand line from the up channel.

Since Jan 2021, S&P 500 had tested the demand line from the up channel 6 times (as annotated in orange). Vertical absorption was observed on 20 Jul 2021 where an up swing is expected to at least test the all time high (ATH).

Last Friday, S&P broke above the previous all time high and committed above 4400 with Nasdaq led the rally.

Theme to focus

Despite the all time…


In this video, I go over and answer some questions & analyzed charts from the Telegram Group members including DPIH, YBS, TOPGLOV, D&O, REVENUE, TEXCYCL to spot the direction, target price, any potential unusual behaviors and any potential entry via pullback trading or breakout trading strategy. Watch the video below:

Timestamps

  • 0:26 DPIH (DPI HOLDINGS BERHAD)
  • 5:27 YBS (YBS INTERNATIONAL BERHAD)
  • 8:10 TOPGLOV (TOP GLOVE CORPORATION BHD)
  • 12:16​​​​ D&O (D & O GREEN TECHNOLOGIES BERHAD)
  • 15:26 REVENUE (REVENUE GROUP BERHAD)
  • 20:16 TEXCYCLE (TEX CYCLE TECHNOLOGY (M) BHD)

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As the technology sector resumes the bull run and outperforms the market, these 3 Malaysia tech stocks — INARI, FRONTKN, KOBAY could be in a position to rally up. Watch the video below:

Timestamps

  • 0:20 INARI (INARI AMERTRON BERHAD)
  • 4:21 FRONTKN (FROTNKNEN CORPORATION BHD)
  • 6:40 KOBAY (KOBAY TECHNOLOGY BHD)

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In this video, I go over and answer some questions & analyzed charts from my Telegram Group members including SABRE, JETS, CHKP, AZN to spot the direction, target price, any potential unusual behaviors and any potential entry. Watch the video below:

Timestamps

  • 0:30 SABRE (Sabre Corporation)
  • 5:10 JETS (U.S. Global Jets ETF)
  • 6:50 CHKP (Check Point Software Technologies Ltd.)
  • 15:55​​​​ AZN (Astrazeneca PLC)

Questions & Key Points

  • I was thinking of EP these 2 stocks SABRE and JETS and they have recently tank and now showing sign of movement, would want to know your opinion based on the TA?
  • SABRE — A trading plan…

The market correction has ended with a reversal on last Tuesday. These 3 stocks — ASAN, CDW, IQV are ready for a new up trend to hit all time high soon with potential low risk entry setup. Watch the video below:

Timestamps

  • 0:22 ASAN (Asana, Inc)
  • 4:03 CDW (CDW Corporation)
  • 7:02 IQV (IQVIA Holdings, Inc)

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I first warned about potential market correction 2 weeks ago due to the red flags of the deteriorating of the market internals and market breadth. Last week the red flags are still around without improving hence I urge that trade management is still the priority.

On 15 Jul (Thurs) during the Asian session, I posted another update here in my telegram group to emphasize the shortening of the upward thrust with increasing of supply (refer to the screenshot below):

Ad Hoc Market Update

Finally, the anticipated correction hit the market at this vulnerable position with increasing of supply and bearish spread.

The immediate support…


In this video, I go over and answer some questions & analyzed charts from my Telegram Group members including AEM, FRENCKEN, UMS and a HongKong stock — SMIC to spot the direction, target price, any potential unusual behaviors and potential entry via pullback trading or breakout trading strategy. Watch the video below:

Timestamps

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Professional free Charting…


In this video, I go over and answer some questions & analyzed charts from the Telegram Group members including SCOPE, QES, SERBADK, SCIB, KPOWER to spot the direction, target price, any potential unusual behaviors and any potential entry via pullback trading or breakout trading strategy. Watch the video below:

Timestamps

  • 0:25 SCOPE (SCOPE INDUSTRIES BHD)
  • 3:30 QES (QES GROUP BERHAD)
  • 9:10 SERBADK (SERBA DINAMIK HOLDINGS BERHAD)
  • 15:50​​​​ KPOWER (KPOWER BERHAD)
  • 16:58 SCIB (SARAWAK CONSOLIDATED IND BHD)

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These 3 Malaysia stocks — HBGLOB, DPIH, JFTECH have been in a coiling position and could be ready to rally up and make big gains. Watch the video below:

Timestamps

  • 0:18 HBGLOB (HB GLOBAL LIMITED)
  • 4:20 DPIH (DPI HOLDINGS BERHAD)
  • 6:09 JFTECH (JF TECHNOLOGY BHD)

Want The Next Best Trading/Investing Ideas?

Click below to join my newly launched Telegram Group for EXCLUSIVE ad hoc market & stock update for Free:

Join Telegram Group: https://t.me/tradeprecise (Yes, it is Free)

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In this video, I go over and answer some questions & analyzed charts from my Telegram Group members including NIO, XPEV, PENN, TIGR, QS to spot the direction, target price, any potential unusual behaviors and any potential entry. Watch the video below:

Timestamps

  • 0:30 NIO (NIO Inc)
  • 6:08 XPEV (XPeng Inc.)
  • 9:36 PENN (Penn National Gaming, Inc)
  • 13:00​​​​ TIGR (UP Fintech Holding Limited)
  • 17:50 QS (QuantumScape Corporation)

Want The Next Best Trading/Investing Ideas?

Click below to join my newly launched Telegram Group for EXCLUSIVE ad hoc market & stock update for Free:

Join Telegram Group: https://t.me/tradeprecise (Yes, it is Free)

Get Weekly Email update: https://hot.wishpondpages.com/ideas/

Professional…

Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading and meditation daily. Get my weekly stock trading ideas in email for free — https://bit.ly/36QQffC

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