Hi tonylim, Here’s the updated chart. 1. We can see that there is some ‘light’ buying over the last few days. Volume is not as high as those in Aug – Oct 2009. 2. The price inch upwards but was not breaking 0.43 3. We can see that the price has consolidated at this region… Continue reading StamfordLand (H07) : Is this a new bullish move?
Previously, I mentioned that StamfordLand is hitting resistance and is trading inside the Weekly Kumo; a sign of trendless state. Just a couple of days back, the Reserve Bank of Australia announced rate hike and indirectly, it lead to a small surge for StamfordLand. Though, it is clear from the chart that it lacks the… Continue reading StamfordLand (H07) : Lacking strength to break through
StamfordLand has a nice gentle upward slope with the leading kumo showing that the upward trend is still intact. On the Daily Chart, I see 0.45 as the price for it to break out of. This is further confirmed by the Weekly Chart which shows that as the kumo resistance .