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Archive for the Sakari Category


Who wants to be a Hero?

A lot of times retailers loves to be the first one to buy due to “kiasu” syndrome, “What if I don’t buy, the stock will fly away without me?” This video is dedicated to all kan-cheong spiders. Note: This was shared as part of the ChartingAcademy InnerCircle weekly webinar.    

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Sakari (on request) – Support and resistance levels

Sakari today formed a black marabuzu continuing towards the downside. Commodities are really bruised.

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Sakari – hammer and bullish engulfing candle

Sakari yesterday (Monday) formed a hammer and today is a bullish engulfing candle. Watch to see if it can go higher. However caution is needed as it is a downtrend counter with no bullish divergence seen.

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Sakari – no end in sight

Sakari today broke crucial support without any rebound. Plus it is now a confirmed downtrend. Next crucial support would be at 1.75 which is also a historical rising window support. Please do not catch a falling knife. At least wait till there is a bullish reversal.  

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Sakari – Bearish while STI is up

Today, Sakari closed on black candle when Straits Times Index and a lot of counters are going higher. This shows that Sakari is quite bearish. If Sakari closed below 1.865, then bulls may just give up.  

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Sakari – no end in sight

As previously mentioned, Sakari rebound yesterday is weak and today collapse further. Next support to bounce would be at 1.75.  

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Sakari (on request) – weak rebound

Previously I posted Sakari where I mentioned that if Sakari breaks 2.14, it would be very bearish. You can read the posting by clicking here. Today (Tuesday) it is a white candle but the candle is not so “bullish” as it could not go higher or match yesterday’s closed. It can go higher but the […]

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Sakari – lower high forming?

Sakari previously have bearish divergence, and now perhaps is forming a descending triangle. Support to watch out for is 2.14  

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