Weekly chart of Air China Ltd.
For the past few weeks, the share price had been trading side way with its weekly closing price falls within a resistance zone (between RMB 8.79 and RMB 9.57).
Looking at the chart back to 2014/2015.
The resistance zone was formed back to that period.
On 3 April 2015, broke out on the upside and rallied before the China stock market bubble burst.
Is the rally around the corner ?
Source :
1) Metastock
Genting Singapore's Q1 net profit for 2017 was 16.7 times higher than in
the first quarter of 2016, standing at S$181.1 million for the quarter
ended March 31, it reported on last Friday (12 May).
More news, Genting Singapore Q1 net profit skyrockets 17 times
Weekly Chart of Genting Singapore.
Based on the past 2 quarters earning release, the positive results drove the share price.On the chart, the 2 quarters earning released date been stated on the affected trading week.
On 3 Nov 2016, Straits Times reported earnings at casino operator Genting Singapore more than doubled during the third quarter despite a slimmer revenue.
Net profit for the 3 months ended Sept 30, 2016 rocketed to $106.9 million, compared with the $37.2 million in the same period a year ago.
Detailed news, click below link :
Genting Singapore reports surge in Q3 earnings, surprises with interim dividend payout
Genting Singapore swung into the black with a net profit of S$159.19
million for the fourth quarter ended Dec 31, 2016, compared to a net
loss of S$7.75 million a year ago, as reported by Business Times on 22 Feb 2017.
More news, Genting Singapore in the black with Q4 profit of S$159.19m
More upside for the share price with the recent positive news ?
Source :
1) Metastock
2) www.straitstimes.com
3) www.businesstimes.com.sg
Daily chart of West Texas Intermediate (WTI) Crude Oil.
In the previous post dated on 11 May, noted the price range between $47.01 and $47.70 as the immediate resistance zone. However, last 2 days (11 and 12 May) the oil price had closed above the upper band of the zone and now acts as the immediate support zone.
S-Trader Trend Tracker daily resistance levels still remains.
Resistance1 = $51.38
Resistance2 = $49.18
S-Trader Trend Tracker weekly support and resistance.
Resistance = $54.62
Support = $44.81
Will the immediate support zone able to hold ?
Source :
1) Metastock
