$Palantir Technologies Inc.(PLTR)$ is flashing potential weakness as bearish divergence appears between price and RSI, hinting at fading momentum. The stock faced a sharp sell-off on June 27 with over 202 million shares traded, signaling possible distribution. RSI briefly broke below its base support but has since rebounded. With $PLTR currently hovering at $142.10, a break below the 20 EMA (~$137) could open the door for a drop toward the $120 level. Keep an eye on volume and support levels for confirmation of the next move.
Technical Analysis Report: Hongkong Land Holdings Limited (H78)
$HongkongLand USD(H78.SI)$ Date: August 22, 2024 Key Technical Observations: Breakout Above $3.50 Neckline on High Volume:The stock has broken through the $3.50 resistance level on strong volume, signaling potential for a new bullish trend. This level now acts as support. Bullish H&S Bottom Breakout:A bullish Head and Shoulders bottom pattern has formed, with the breakout above $3.50 confirming a trend reversal. The pattern suggests further upside potential. Approaching 52-Week High:The stock is nearing its 52-week high. A breakout above this level could trigger additional buying momentum and propel the stock higher. Conclusion: The technical indicators for Hongkong Land Holdings are bullish, with the $3.50 breakout, H&S bottom pattern,
$Suntec Reit(T82U.SI)$ Daily chart [$1.17] simple chart with 20/50/200 EMA - three EMAs merges in Apr 2023, failed to ignite - three EMAs merges again in Jan 2024, failed again this is the 3rd time, Do or Die? My guess is a turnaround back to $1.27