Loaded Earnings and Economic Data week - Be careful of dead cat bounce

Daily Chart -[BEARISH ↘ **]GM broke below ascending trendline support. We stay bearish, expecting price to hold below 46.20 resistance before shaping a fresh drop towards 41.90 support, then 38.15 support next. Technical indicators are advocating for a bearish scenario as well.

Daily Chart -[BEARISH ↘ **] Price is currently in a down trend. As long as price is holding below 41.40 resistance, a drop towards 33.05 support is expected. Technical indicators are advocating for a bearish scenario as well.

4 Hourly Chart -[BEARISH ↘ **] 7011 JJP is toppish and has been drifting lower. As long as price is holding below 1912 resistance, a short term intraday drop towards 1640 support is expected. Technical indicators are also turning bearish as well.

Daily Chart -[BEARISH ↘ **] 4062 JP is in a downtrend and recently pulled lower below long term descending trendline. As long as price is holding below 6220 resistance, a further drop towards 5135 support and graphical swing low is expected. Technical indicators are advocating for a bearish scenario as well.

Daily Chart -[BULLISH ↗ **] 6702 JP shaped a bullish breakout and has been in an uptrend since October 2023. With prices holding above 2590 support, a further push higher towards 2895 resistance is expected. Technical indicators are also advocating for a bullish scenario.

Prepared by:

Isaac Lim CMT, CFTe
Chief Market Strategist

This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.