TSLA
Tesla
-- 403.840 NVDA
NVIDIA
-- 134.290 PLTR
Palantir
-- 75.630 AMD
Advanced Micro Devices
-- 120.790 RGTI
Rigetti Computing
-- 15.2600 Stocks to monitor before 2025: DECK, BCE and more
Stocks to Watch
Daily Chart -[BULLISH ↗ **]DECK US is currently moving towards an uptrend. We maintain a bullish directional bias as long as price holds above 199.15 support level. We expect price to push towards 217.13 resistance level. Technical indicators advocate for a bullish scenario as well.
Alternatively: A daily candlestick closing below 199.15 support level would open drop towards 184.36 support level.
Daily Chart -[BEARISH ↘ **]BCE has been moving down and we stay bearish on prices. As long as price maintains below 24.37 resistance level, we expect price to drop towards 19.89 support level. A daily candlestick closing below 19.89 support level will open drop towards 17.08 support level. Technical indicators indicate a bearish scenario as well.
Alternatively: A daily candlestick closing above 24.37 resistance level would open push towards 27.41 resistance level.
Daily Chart -[BEARISH ↘ **]We stay bearish on RCI. As long as price holds above 32.14 resistance level, we can expect price to drop towards 26.28 support level. A daily candlestick closing below 26.28 support level could open next drop towards 21.98 support level.
Alternatively: A daily candlestick closing above 32.14 resistance level would open push towards 35.92 resistance level.
Daily Chart -[BULLISH ↗ **]Prices broke above 7010 resistance-turn-support level. We stay bullish as we expect price to drift towards 8190 resistance level. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A daily candlestick closing below 7010 support level wouldopendrop towards 6220 support level.
Daily Chart -[BULLISH ↗ **]BS6 has broke above its sideway channel, and we stay bullish on prices. As long as price holds above 2.75 support level, we expect price to push towards 3.17 resistance level. A daily candlestick closing above 3.17 resistance would open next push towards 3.41 resistance level.
Alternatively: A daily candlestick closing below 2.75 support level would open drop towards 2.38 support level.
What Happened Recently (23 Dec - 27 Dec)
US markets moved higher last week, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ drifting higher by 0.42% and 0.61% respectively. This could be due to markets enjoying a Santa Claus rally, where stocks tend to perform better in the last 5 trading days of December and into first 2 days of January. Traders can look towards Chicago PMI data tonight. Market will close on Wednesday for New Year's.
Asian markets were up last week as well, mirroring that of the US indices. $Nikkei 225 (.N225.JP)$ pushed up the most by 3.93%, due to weakening of JPY and BoJ policymakers hinting of a potential rate hike. There is continued risk-on sentiment among traders after positive news of domestic firms, such as merger talks between Honda and Nissan. Japanese traders can take a break this week as markets will close all day from Tuesday to Friday. $HSI Futures(JAN5) (HSImain.HK)$ climbed higher by 1.98%, with electric tech sector advancing the most. Among other stocks, $XIAOMI-W (01810.HK)$, $SMIC (00981.HK)$, $LENOVO GROUP (00992.HK)$ and $OOIL (00316.HK)$ melted up the most by 11.24%, 14.15%, 13.55% and 11.78% respectively. Traders should stay cautious as they observe for more information on PBoC supportive measures and tariff moves by Trump. Traders can look to observe Caixin manufacturing PMI out on Thursday morning. $FTSE Singapore Straits Time Index (.STI.SG)$ climbed higher last week by 1.39%, with $Seatrium Ltd (5E2.SG)$ pushing higher the most by 4.59%. Traders can keep a look out for GDP and URA Property Index out on Thursday morning. The Hong Kong and Singapore markets will close early on Tuesday and all day on Wednesday.
Prepared by:
Moomoo Singapore
Isaac Lim CMT, CFTe
Chief Market Strategist
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.
For full disclaimers, please visit https://www.moomoo.com/sg/support/topic5_935.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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