Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it. At this rate of decline, is there any support or bottom in sight? I generally do not like to do projections, because most projections are just guesses. The best way to know is to observe the price as it moves, then you will know when it...
Since my last call to short (on my blog and during my events), the STI has fallen about 5.5%, and has corrected 13.3% from the highs. This is the reason why I am bearish on Singapore stocks and have liquidated my portfolio a long time ago to focus on the US markets. I have a feeling price will continue falling until the 3000 support level. I will be watching to...
As the trade war between US and China intensifies, general markets in Asia get the ripple effect too. STI has dropped around 5.40% and is now trading around 3300 region. If you're feeling worried because of this drop, you better be. If you're feeling happy because now you think you can buy at a cheaper price, you better don't. Now, why do we say so? If you're...
2 Options as we come to the crossroads soon. Option 1 : Breakout and pullback and head northwards to 4000+ price level Option 2 : Breakdown as per previous 2 attempts Analysts are expecting a breakout of 3500 , read news here www.todayonline.com I do not trade this index but use it as a barometer for overall stock performance and dive down into individual...
The first half of 2017 has been a good run for the Singapore stock market - Straits Times Index (STI), gaining over 300 points. However, we believe that a retracement or a reversal to the downside is imminent. The question is are we gonna see a retracement or a reversal? Retracement Price moves correctively, usually taking a longer period of time, and does not...
I was conducting a talk at a local Stock Broking house. Really appreciate the invitation to speak to a group of enthusiastic participants. The participants and I were looking at the STI, stock indices for Singapore. There is a bearish Bat pattern completing much higher at around 3430. However there is an AB=CD pattern completing now at 3145/50. This is also at...
We are still expecting our initial long term view of 2200. However, recent months trend formation seems like STI is bottoming out at 2500 which happened during Jan-Mar. We will see if support turn resistance in the coming weeks.
Two potential ABCD patterns with ratio confluences. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has reacted towards to EMA 200 last Friday. The index is under the KUMO, the Kijun Sen & Tenkan Sen too. So the first think in mind seeing the diagram the 3287 approach. MACD and RSI tries for bullishness but are still bearish. There is a...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has breached the resistance line. The index is above the KUMO, Kijun Sen & Tenkan Sen.. So the first think in mind seeing the diagram the 3434 approach. MACD and RSI tries for bullishness. There is no special candlestick pattern. The index...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a second Local Top at 3355 last week after the first local top at 3394 on 2.618 of fib line. The index is under the long term support line that now is a resistance. So the first think in mind seeing the diagram is if the behavior of...
This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams. The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a correction decline last two weeks and it reacted exactly on EMA 50 last Friday. There are several golden crosses on yellow circle in April that give a sense...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO but below the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly diagram is marginally bullish and monthly diagram is bullish too. ...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last 3 weeks' diagram). The weekly and monthly diagram are bullish. ...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last weeks' diagram). The weekly and monthly diagram are bullish. So...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last weeks' diagram). The weekly and monthly diagram are bullish. So...
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following: The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish. So the first think in mind is the...