Hi everyone! I’m back after a break. Today we’ll look at another SGX-listed company: ThaiBev (SGX: Y92) The stock has been trading in a falling wedge pattern for the past 8 years with lower highs and lower lows, while also maintaining a longer-term trend of higher highs and lows. Interestingly enough, it hit the 1.618 Fib extension near 1.05, if we assume the swing high to be 0.71 (the first significant swing move up) and the swing low to be 0.16. Every time the stock has hit the lower trendline, I note that there is some extent of accumulation taking place (refer to volume “boxes”). In this case, there is also some bullish divergence taking place. Another observation worth noting is that Y92 has retraced about 61.8% of its move. In the current market, downside moves have been stretched to

At the beginning of 2023, with the optimism that US core inflation would peak and fall in October 2022 and the judgment that US growth was gradually "soft landing", the market once expected the end of interest rate hikes in early 2023 and the beginning of interest rate cuts as early as during the year, and the 10-year US bond once fell to a low of 3.3%, which is a déjà vu with the current market expectation that interest rate cuts would start in March 2024, and that interest rate cuts would start in March 2024, which is the same as the current market expectation.However, then the U.S. Treasury rates hit a new high of 5%, the U.S. growth from the beginning of the expected "soft landing" into the third quarter of the "re-acceleration", and the beginning of the expected very different. Reflec

It's not easy to find stocks that can soar or even double in price in just a few months, and many of them lack sustainability. Therefore, a better strategy is to invest in good companies with long-term growth potential and hold them for the long term. To find the doubled growth stocks among them, it's important to choose the right industry. For example, the electric vehicle industry, which is currently experiencing rapid growth, especially those electric vehicle stocks that have seen a significant decline in their stock prices. But as long as the catalysts are in place, their stock prices can soar.In 2024, the prices of two electric vehicle stocks, $Rivian Automotive, Inc.(RIVN)$ and $Fisker Inc.(FSR)$, ar

Hi everyone! Today I’ll be covering another energy company: Devon Energy Corporation (NYSE: DVN) A look at the weekly chart shows DVN in a multi-decade long falling wedge consolidation that cumulated in a breakout due to the supply chain crisis during the pandemic. It is currently consolidating in a smaller falling wedge pattern. Here’s a closer look at the falling wedge pattern that has been forming. Note the bullish divergence that has been holding on the daily while the stock continues to make new lows. Recently, institutions have stepped up accumulation around 43, as seen from prior price action around the 43.04-43.94 zone, even in 2021. From the looks of it, I am expecting DVN to retest 43.04, and possibly put in one final “capitulation” low at around 42, which is the 50% Fib retracem