All short, medium and Long term trend time frames of the STI are pointing up after the breakout of 3108 on the monthly Supertrend line. The STI is now on wave 3 of the daily buy signal issued on 041120 at 2506. The current upside target will be at 3188 that coincides with the supertrend break on the weekly charts on 150519 and 3406 on 050218 respectively. PIVOT...
The break of $3.63 from the long signal at $2.74 on 101120 has materialized with a strong close at $3.85 on 260321. The upside target is now 4.60 that was the level that Capitaland broke down on 010828 from its highs of 7.27 in 020407. STI PROPERTY OUTLOOK : CAPITALAND & CITY DEVT 301120 (quantstrategic.com.sg) Short term UPTREND since 101120 Medium UPTREND...
Study...based upon Volume Price Spread Analysis and Momentum UOL has shown Breakout. Close: 7.82 EP: 7.66 - 7.97 SL: 7.20 TP: 8.43 /8.79 Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
The STI has broken its Long Term downtrend that started on the 1st oct 2018 with a break and close above 3108 to be confirmed when the monthly candlestick closes in another week plus. 3108 was the supertrend pivot resistance on the monthly charts that defined the downtrend for almost 26 months. PIVOT 3050 Long positions above 3050 to target 3411 3664 Short...
Singapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46. PIVOT 5.27 Long positions above 5.27 target 5.75 and 7.05 Short positions below 5.27 target 4.91 and 4.63 Long Term UPTREND since 190321 Medium Term UPTREND since 161120 Short term UPTREND since 051120
The STI closed on an intraday high of 3116 on 090321. The break of the monthly pivot point of 3108 will reverse the downtrend of the STI since 011018. The strength of the banks, Jardine, SGX and Wilmar may support this climb in the short term. PIVOT 2995 Long positions above 2995 target 3108 and 3207 Short positions below 2995 target 3041 2843 Long term...
SATS S58 : TARGETS $4.55 (quantstrategic.com.sg) Refer to my previous post, $4.55 has been hit intraday. Short term trend is UP Medium trend is UP since 091120 Long term trend down pending break of $4.55 PIVOT $4.15 Long positions above $4.15 target 4.55 and 5.85 Short positions below $4.15 target 3.65 and 3.55
Long signals on 250221 at 2932-2964 reverses the downward pressure since 280121 to continue its test of 3108. ST uptrend since 250221 MT uptrend since 071120 LT downtrend since 011018 PIVOT 2867 Long positions above 2867 to test 3108 3270 Short positions below 2867 to 2813 2780
Chart of Singapore’s COVID-19 cases, since October predicted a rise in case numbers, which played out with a small spike in December. Posted in November about this idea. From February onwards, the risk appears to decelerate and lower. Slight indication of next smaller spike wave may be appearing... check in again in two weeks to see.
The STI has broken the range on the downside with sell signals on the short term charts on both the 4hr and day charts at 2987-2963 from 260121. The immediate target will be 2780, the pivot point on the weekly charts providing critical support. Short term trend DOWN since 260121 Medium trend UP with 2780 as support Long Term trend DOWN since 011018 PIVOT...
The Straits Times Index (STI) rallied so hard at the beginning of 2021, only to sputter out, failing to break over 3000 , clocked a Lower High, and today, a Lower Low. The past two weeks have been under a Sell signal too. It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down...
The STI settles within a range between 2925 and 3020 with relative strength coming from the banks stocks like DBS, UOB and OCBC together with some interest in SIA and SAT shares providing some support. The short signals on both the day and 4hr charts are still valid on the 26/28th feb. PIVOT 2989 Long positions above 2989 to break 3020 and 3108 Short...
With short signals on both the 4hr and daily providing a breather just before Chinese New Year in Singapore, profit taking may just set in with support at 2780. The weekend Supertrend support at 2780 comes into play if 2906 (Tenken line) is broken to the downside as support for the weekly uptrend to remain intact. Pivot 2780 Long above 2780 with targets 2962...
Short term weakness observed in the Short term Daily and 4hr charts with shorts on 260121 at 2963 breaking the Daily supertrend line at 2932 targeting 2782, the supertrend pivot of the weekly charts. Please refer to the STI Matrix to see which are the components driving the weakness of the STI. The banks have ceased their climb and the property counters and REITS...
First up... obvious from November 2020 that Singapore was already heading towards a spike/Wave2. After so long, appears sthat the inevitable is happening, and projecting forwards, by end Feb or early March, the MACD histogram would be positive. Note that this has had happened to China, obvious int he MACD histograms since Octoboer 2020, through to December 2020...
STI is bullish on both the short and medium charts with targets at 3108 on the monthly supertrend line. Watch the range for a break between 2983 and 3018. Pivot 2936 Long positions above 2936 target 3108 A break below 2936 will test 2906 and 2813
Looking at the SIA weekly chart, it is obvious that there is a lower high, and a concomitant failure of the 55EMA. 4.15 is the final support, breaking down of this level means more downside. The MACD, RPM and Volume Divergence are all supportive of the bearish outlook. Possible to revisit its last low... around 3.50
Just saw this weekly chart of DBS (D05)... After a spectacular and amazing run up, DBS is clearly stalling out and poised to fall a good 10%, maybe more. Candlestick patterns show a bearish inside candle, fallowed by another that gapped down. point here is that if this is still remotely bullish, there should be better patterns and signs of strength...