We have picked two stocks from NASDAQ for our report. Price of both stocks have dropped below the cloud which could be the beginning of new downtrend. Both Conversion and Base lines had bearish crossovers which confirm the bearish trend ahead. Both stocks' MACD are also bearish and moving lower, which is a hint of more price declines ahead. However Lagging Span for both stocks were not able to confirm the bearish trend with the Lagging Span below price of 26 days ago but is inside the cloud.
See MoreWe have picked 2 stocks from the Singapore Exchange for our report. We have a sell call on Frencken as price has moved below the cloud and its MACD is bearish and could be moving lower. We have a short term buy call on ST Engineering. Price is above the cloud and above the Base line. Its MACD is turning around near the zero line, which could be a hint of a possible end of the correction and an uptrend ahead. We are expecting price to go back to its previous high of $3.53 again.
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