Drive confident decisions with simple, actionable trading plans.
Wilmar InternationalWilmar International
20240516 04:31
Wilmar International ST: the downside prevails.
Pivot: 3.39
Our preference: short positions below 3.39 with targets at 3.07 & 2.90 in extension.
Alternative scenario: above 3.39 look for further upside with 3.55 & 3.72 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
3.72
3.55
3.39
3.18 Last
3.07
2.90
2.80
AnsellAnsell
20240515 20:31
Ansell intraday: the RSI is overbought
Our pivot point stands at 25.23.
Our preference: look for a drop towards 25.23 before a bounce.
Alternative scenario: below 25.23, expect 25.03 and 24.84.
Comment: the RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Ansell is trading above both its 20 and 50 period moving average (respectively at 25.23 and 25.11).
Supports and resistances:
26.57 **
26.37 *
26.05 **
25.93
25.8 last
25.42
25.23 **
25.03 *
24.84 **
AnsellAnsell
20240515 20:31
Ansell intraday: the RSI is overbought
Our pivot point stands at 25.23.
Our preference: look for a drop towards 25.23 before a bounce.
Alternative scenario: below 25.23, expect 25.03 and 24.84.
Comment: the RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Ansell is trading above both its 20 and 50 period moving average (respectively at 25.23 and 25.11).
Supports and resistances:
26.57 **
26.37 *
26.05 **
25.93
25.8 last
25.42
25.23 **
25.03 *
24.84 **
IDP EducationIDP Education
20240515 20:32
IDP Education intraday: look for a drop towards 14.12 before a bounce
14.12 is our pivot point.
Our preference: look for a drop towards 14.12 before a bounce.
Alternative scenario: the downside breakout of 14.12 would call for 13.16 and 12.2.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. IDP Education is trading above both its 20 and 50 period moving average (respectively at 16.65 and 16.3).
Supports and resistances:
20.84 **
19.88 *
18.27 **
17.63
17 last
15.08
14.12 **
13.16 *
12.2 **
IDP EducationIDP Education
20240515 20:32
IDP Education intraday: look for a drop towards 14.12 before a bounce
14.12 is our pivot point.
Our preference: look for a drop towards 14.12 before a bounce.
Alternative scenario: below 14.12, expect 13.16 and 12.2.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. IDP Education is trading above both its 20 and 50 period moving average (respectively at 16.65 and 16.3).
Supports and resistances:
20.84 **
19.88 *
18.27 **
17.63
17 last
15.08
14.12 **
13.16 *
12.2 **
-
Wilmar International
04:31
alarm
Short positions below 3.39 with targets at 3.07 & 2.90 in extension.
-
Ansell
20:31
alarm
Alternative scenario: the downside breakout of 25.23 would call for 25.03 and 24.84.
-
Ansell
20:31
alarm
Alternative scenario: the downside breakout of 25.23 would call for 25.03 and 24.84.
-
IDP Education
20:32
alarm
Alternative scenario: the downside breakout of 14.12 would call for 13.16 and 12.2.
-
IDP Education
20:32
alarm
Our preference: look for a drop towards 14.12 before a bounce.
