$Seatrium Ltd (5E2.SG)$ The candlestick formed on 31/Dec has a green real body that is twice the size of the lower shadow, so it is NOT a hanging man (as mentioned in the comment below).
And by the way, when it is a dragonfly doji, the color is not significant for interpreting a doji.
And by the way, when it is a dragonfly doji, the color is not significant for interpreting a doji.
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Scrooge_McDuck
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$Seatrium Ltd (5E2.SG)$ For a candlestick to be classified as a hammer, it must have:
- A small real body near the top of the candlestick range.
-Little to no upper shadow.
- A long lower shadow that is at least twice the size of the body.
A candlestick without a body (where the open and close prices are the same) is called a doji, not a hammer.
- A small real body near the top of the candlestick range.
-Little to no upper shadow.
- A long lower shadow that is at least twice the size of the body.
A candlestick without a body (where the open and close prices are the same) is called a doji, not a hammer.
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Scrooge_McDuck
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$Seatrium Ltd (5E2.SG)$ The upper wick is much longer than the lower tail, so the candlestick doesn’t seem to qualify as a long-legged doji. It might also suggest that the market tried to push higher but was met with strong selling pressure at higher level, forcing prices back down.
However, will not act on only one doji candle, unless the next candle provides confirmation of a reversal.
However, will not act on only one doji candle, unless the next candle provides confirmation of a reversal.
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$Singtel (Z74.SG)$ SingTel holds ~22% of SingPost, should benefit from SingPost’s unlocking of Australian business.
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Scrooge_McDuck
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$Singtel (Z74.SG)$ I maybe outdated but Section 403 of Singapore companies act stated that a company can only declare and pay dividends out of it's profits. If the company has made a financial loss, it cannot declare any dividends. Should I call cpib and mas to verify this to protect innocent investors?
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Scrooge_McDuck
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$AEM SGD (AWX.SG)$ Unfortunately, it’s not a hammer pattern. A hammer pattern should have long tail. (Just like a hammer should have long “handle”)
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$CapLand China T (AU8U.SG)$ The chart possibly shows a Double Top, a bearish reversal pattern. However, for the pattern to be considered valid, there needs to be a break below the support level formed.
Without this confirmation, the price could just be moving in a range (sideways), and the double top pattern would not be reliable as a signal for the downtrend
Without this confirmation, the price could just be moving in a range (sideways), and the double top pattern would not be reliable as a signal for the downtrend
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Scrooge_McDuck
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