Thursday, 8 June 2017
EDEN (KLSE: 7471): 8 June 2017, Thursday, 11.45am Singapore Time
EDEN (KLSE: 7471):
8 June 2017, Thursday, 11.45am Singapore Time
(Click on Chart above to Enlarge)
Attached above is the technicals for EDEN, a stock that is listed in the KLSE. This stock has broken up long term double blue-lined resistance band and had executed successful bullish confirmation backtest to indicate new long term up-move. This stock will now launch a rally to go beyond the multi-year high of the entire chart. As the entire volume flow within the dark brown circled region is done over the entire X-axis Time Range, this means a big move up is coming, and breaking up the entire high of the entire chart is as easy as a hot knife slicing through butter.
For people who are confused by the market movements, for 2H-2017 and 1H-2018, if financial markets are doing healthy consolidation of stock market indices, big-caps and larger mid-caps, it is for the smaller mid-caps and small caps to run up and catch up on the leaders. This is the market cycle we are in as the large cycle runs to mid year of 2017 now. Based on market actions in major financial centres of Singapore, Hong Kong, Tokyo, London, Paris, Frankfurt and New York, these centres continue to give healthy volume flow litmus-results that indicate that the worldwide powerful rally in stocks and equities is still far from over and will continue to run up for the rest of 2017 and 2018. For every 10 stocks, 8 will rally in this rising tide that continues to lift all boats.
2017 and 2018 remains a big bull market for almost all stocks as well as the precious metals of Gold and Silver.