Breakout amidst uncertain times

Spotted a breakout today with a classic cup and handle breakout. However, there should be a prior uptrend....this cup and handle will not fully qualify. But I decided to post because I like the volume. Jurong Tech and WantWant has the volume, but there were no chart formations hence i dropped them.

Yes, we are trading in range play. I am not buying at this time for fear of being caught offside and end up baby sitting. That's also the reason why I had not posted any articles. I spent the time deciphering the probable direction. STI has rebounded off close to 200ma and Sesdaq is flirting near it's 200ma. Very delicate and sensitive time. I only read the rebound today as mediocre...I wouldn't use it as a signal for reversal. If we close mixed by Friday, it is only good. Some form of selling is healthy if we want a sustainable uptrend. I read that the great bear market will descend when there are no more buyers left.


DataCraft