Week 27/02 - 02/03

BULLISH COUNTERS

Sakari had managed to breakout and successfully formed a bullish flag pattern.
It also managed to close slightly above the Fibo 61.8% on Friday.

Watch closely at 2.89 price level which is a very strong resistance level because
1) The percentage increase before the consolidation - blue arrows
2) Coincide with the Fibo projections - green lines
3) Coincide with the Fibo levels of 78.6% - purple lines
*Cut loss with be below 2.60 level.

SGX is consolidating and a bullish pennant could be formed.
Resistance to watch will be 7.35 which coincides with the Fibo 50%.
Long on breakout with vol.
Target price will be $8.15 which coincides with Fibo 78.6% and matches with the percentage change.
*Cut loss level will be below 7.08.

STX OSV could be bullish flag in the making.
Resistance to watch will be 1.755.
Long on breakout with vol.
As STX OSV is quite a new counter so TP can't really be derive.
But in terms of percentage we can look to TP at 1.90.
*Cut loss below 1.62 



BEARISH COUNTERS

DBS had been consolidating at falling window resistance of 14.2 - 14.48.
Signs of a trend reversal are shown by the hammers formed on Tues, Wed and Friday.
But confirmation are needed.
Note: If DBS will be break 14.2, it could be closing the falling window which will make DBS bullish.