Saturday, February 23, 2019

Feb[4] - Market Updates

US:
DOW Jones is approaching to its historical high ~ 27000. Against all odd, it has broken all conventional resistance for last month rally. Looking it's movement since 2018, there would be 3 peaks as highlighted as #1, #2 and #3 (undergoing) in chart below. Interesting to note that it could be an head and shoulder formation (bearish) shall current rally fail to break previous peak #2. Market players shall pay attention to US index movement on following weeks.

Market Calendar:
Next week will see earning from Raffles Medical, UOL and Golden Agri

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