$Clearbridge(1H3.SI) - This counter has been in a downtrend for most of 2019, overall in the downtrend for medium/long term. But recently, the trend appears to be contracting and the volatility is tightening creating a descending wedge formation. It re-tested the 0.138 - 0.140 range a few times and appears to be a good support level. Its MACD indicator is showing a bullish divergence against its price action. A medium to long term rally may target the upper 0.190s to low 0.200s
Recommended & Related Posts
$Clearbridge(1H3.SI) - I hope it is forming an EW and just completing the 2nd wave of a potential 5-wave pattern. Both 50MA and 100 MA are flatlining and potentially a cross over in the near term. Potential catalyst helped by the expansion of its existing clinics. #dyodd
In Asia, Health Care stocks are outperforming. Ranked the third-best-performing industry in Asia this month, Health Care stocks jumped 1.4% month-to-date, beating the region’s benchmark MSCI Asia Pacific Index, which held a mere 0.4% gain. The outperformance of Health Care may be more than a purely defensive play, as the utility sector only gained about 0.8%.
Renewed trade uncertainties loom over markets
Wealth Dailies rounds up overnight markets with Market Snapshot, Macro Strategy, Singapore Stock Pulse, and Regional Morning Pack
$Clearbridge(1H3.SI) - Finally breaking out of the downtrend ever since it hit the 0.630 top last year. PhillipCapital is maintaining a buy for this counter with a TP of 0.28 which is its opening IPO price, a potential upside of ~60%. This is beginning to gain momentum, also helped with the recent news of building a new clinic in HK that caters to medical tourists.
$Clearbridge(1H3.SI) - Retracement is weakening which is a good thing. There seems to be good support at 0.172 as it has been re-tested a couple of times and held. This is in confluence with 50 Moving Average which also act as a dynamic support. A great combo, a good potential staging ground for a bounce.