Just continuing my little update I did for the 4 SG tech counters. (AEM, HiP, UMS and Valuetronics). https://www.investingnote.com/posts/1416610
Quick summary: All four has just rebounded from their macd/rsi bull div. At the same time this rebound could be challenging the primary downtrend cycle resistance. If resistance breaks then I will follow up with the uptrend cycle channel. Cheers.
$AEM(AWX.SI) This guy possibly did a descending broadening wedge and finally rebounded after forming a MACD/RSI bull div as stated in my comment from my previous post. Possible resistance lines as drawn for you.
$Hi-P(H17.SI) This champion cha cha for a period along the support line with macd/rsi bull div. Currently is still an intermediate uptrend within a primary long term downtrend. Gotta see whether it breaks the primary cycle resistance to affirm end of downtrend primary cycle.
$UMS(558.SI) After consolidating at the 161.8% extension of the first correction which also happens to be a demand zone, counter has rebounded into a supply zone. Should expect some correction/consolidation before making a new high to form a possibly bear div. All eyes again on the primary cycle resistance line which has been tested to no avail. Maybe this time will break?
$Valuetronics(BN2.SI) Rebounded after seeing a MACD/RSI bull div. Currently into a supply zone similarly to its 难兄. LOL Normally this guy will traverse from green zone to red one. Keyword: Normally.