Great start of the week

Today the news reported quite a lot of stocks broke their historical high. It seems that the sentiment of the market is very bullish. I'm expecting to see a flat market soon prior to the outcome of whether the Fed will be cutting rate. Otherwise it seems that the market is confident that Fed will cut the rate so that's why it is so bullish now.

China Hong is getting less bullish since the increase in price action is not confirmed with increasing volume. But overall, the uptrend is still intact. Any drop in China Hong will see it get supported on the resistance turned support trendline.

China Hong:


Pan Hong has not been appearing in the top volume list for the past 2 closings. Today, it broke the trendline which was supporting it. There may be some chance that it is forming a bull flag but i dun have much experience with flags pattern. Need to observe more for this chart.

Pan Hong:


I got vested in IndoAgri at 1.61 this morning. It really surprise me by closing at 1.81 with extremely heavy volume. A long white candlestick is susceptible to a drop since it has increase too much in a single closing so i will be cautious to lock in profits tomolo perhaps. I would have prefer it to slowly move upwards.

IndoAgri: