Qijun168

Qijun168

The Big 4 SG REITs From initial downtrend channel, to a wider parallel sideway parallel channel

Qijun168

*** non-dividend adjusted Ever since the hugh drop back in Sep 2020 (covid), it has been a choppy slight downtrend path connecting most of the Peaks & Troughs (ignore occasional exceptional dips) More than 10 times, lower channel were tested and perhaps we can expect it will happen again So buy on dip along lower channel? Of course u decide your own😀

Qijun168

Left - HS Tech ETF (3067) monthly chart Right - QQQ monthly chart back in Dotcom Bubble Era! 🤯 Note: 1. may or may not create another Low, that's not important 2. the MAIN point lies in the recovery QQQ took 3~4 years from initial Fibonacci Low, just to recover 20% of the full loss🤯 bloody sweat😓😓😓 jeet ba boom🤯

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Back then: VNQ falls below 20 SMA in Jul 2007 Double attempt to rebound (red arrows) but failed after struggling 15 months, a sell off begin in Oct 2008 Now: VNQ falls below 20 SMA in Jun 2022 Double attempt to rebound (red arrows) but failed RSI remained in low levels below 50 (more bearish than bullish) Might not seen the worst yet, unless RSI reverse back above 50

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Based on simple TA indicators on Monthly Chart note : Monthly Chart can be seen as long term view, but may not as long as 5~10 years ba long long term 1. price chart 2. 20 month SMA, quite a long-term Moving Average to break or reverse 3. RSI, like price chart, using previous High/Low as resist/support and trendline to determine breakout/breakdown 4. Volume...

Qijun168 Updated 

One year Daily Chart a simple comparison by dividing #BIDU / #BABA The ratio has been kept mostly within 1.20 ~ 1.5+ Daily RSI starts to surpass 60, which potentially starts a bullish move *** in this case, meaning Baidu will potentially starts to outperform Baba for quite sometime) The ratio finally surpass 1.50+ again and has since mark a new High RSI continues...

Qijun168 Updated 

One year Daily Chart a simple comparison by dividng SPY / QQQ downtrend resisst formed, remained underperform till it breaks the current trendline

Qijun168

Daily chart, RSI resist breakout - pretty subjective, sometimes requires 2 points (black triangles) to form the resist, sometimes one point is enough - sometimes there is a pullback (red triangle), but sometimes it may not Upside - $6.40 and above

Qijun168

One year Daily Chart a simple comparison by dividing $SPY / $DIA while rsi remain above current leveled trendline

Qijun168

SGX:A17U RSI below trend resist as shown from past scenario, trapped within range or underperform Miss the bottom, and wait for RSI to break above trend resist