Singapore Wyckoff & Volume Spread Analysis

Good evening all, Recently, due to Sembcorp Marine dismal result, Sembcorp industrial price took a heavy hit. Sembcorp owns about 60% of SembMarine shares. Revenues wise, SembMar contributes roughly about 40+ percent of their revenue to SembCorp. Price of SembCorp has fallen more than 7% since the release of Sembcorp Marine result. From 5.40 to around 5.00 at the moment. Today, SembCorp Industrial closes strong at $5.04. The last 3 days, we have seen very heavy volume on SembCorp Industrial, especially on Tuesday and Wednesday. Please see chart for detailed explanation. Looking at how SembCorp Ind behaves for the past few days.... Potential scenarios : If Semb Corp financial result is gd + Macro condition is viable for a technical rebound..... If Everything is chui....

Good Saturday all, Below is my thoughts on Midas. Not a buy/sell call. Result of Midas will be out on 14 Nov. Additional comment : Yesterday upbar means nothing to me. While indeed it shows strength, but supply has to be cleared then Midas can see 40+ cents back again. So, waiting for a down day to observe its strength. Blue lines are my fibo lines While the last 2 candles exhibit decent strength in the activities. The market may need to accumulate further before an up move. Patience is the key. In the future : Look out for tests and shakeouts. (Will complete the shakeout tabs soon, tabs still under construction). Ideally, tests and shakeouts shall challenge Midas recent low around 37.5 cents with low volume. Hourly chart and what I am expecting to see with a test bar. Update on 5th Nov, Midas looking pretty normal today. I am still upside bullish and more supply was taken out today! Imminent movement soon? Update On 14Nov : Despi...