As posted weeks to months ago, it is becoming clearer than daylight that Wave 2 is upon us in 2021. As described previously, the CONFIRMNED charts here have a peciliarity... that the MACD histograms hint of the trend months ahead in advance. As observable, Singapore is currently maanging pretty well, but is heading towards a Wave 2 slowly and surely. The trend...
The STI continues its climb to test 3108. Pivot 2920 Long positions above 2920 to test 3108 and 3270 Short positions below 2920 for 2871 and 2813 Looking at the monthly chart of the STI since 2007, the STI has been in a broad range between 2580 and 3898. A break of 3108 will test the 2 year downtrend cap on price since 2018. A break and hold above 3270 most...
After 5 weeks of hibernation, the STI breaks range and targets 3108. Property and bank components are leading the charge. 3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018. The SSSA line on the monthly charts sits at 3270. Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend. Pivot 2892 Long...
The range between 2786 to 2873 maintained. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
Updated View on Mapletree Ind TR (23 Oct2020) We are seeing some failed bullish attempts last week, it can be a nice sign to say, that the bulls are exhausted. So, we expected some sort of pull back. It could go to $2.9-$3 region first. No hurry to buy in at the moment. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" ...
The STI has been entrenched in a tight range since for 4 weeks between 2783 and 2872. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
Similarly to previous scan set up... Singapore numbers are rising, heads up given weeks ago, and still continue to rise... once the MACD histogram crosses above zero, it is highly likely to be the next wave. Having said that, you can see China’s chart is just about starting up (ahead for Singapore), and after Chinese New Year, would likely be a spike or Wave 2...
Trail Stop Loss For The USDSGD Trade Idea. Entry was at the 1.34500 price area on November 15, 2020.
STI short signal on 301120 still valid with a 2767 target. PIVOT 2877 A break above 2877 will test 3108. A pullback from 2877 will test 2783 and 2767
The STI short signal on 301120 is into its 13th day with an initial target of 2767. Pivot 2767. A break below 2767 will test 2748 then 2668 A hold above 2767 will see 2925 and 3108 STI LT downtrend. MT uptrend. ST range.
MSCI SINGAPORE futures after the nice impulse until the 333 level started a retracement move. The market touches the 0.382 Fibonacci level over a support structure and started a consolidation move. IF the price will break and close above the minor resistance structure, we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep...
The Straits Times Index (STI) retraced -0.56% (-15.93 points), implying the play of the weekly Bearish Shooting Star candle highlighted last week. This retracement also coincide with the gap resistance zone of 2,900-2,960 levels. However, STI have exhibited its first major moving average golden cross (50DMA vs 200DMA) which was last witnessed in March 2019. The...
Following yesterday's idea sharing about the STI, the day closed with a Bearish Enguling, that broke down supports to close two Gaps. This is VERY significant for downside development going forward... Current target 2660-2680, next week.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for SGDJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
DBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle) This is precarious... a drop below the current support will result in a decent retracement. MACD and Relative Price Strength already turned down... so it is held up with very little. Be aware, beware!
Technically, this is a classic pullback all set up... A strong rally to the upside based on vaccine elation supported by financials and sectors for "going back to Normal" followed by a Dark Cloud Cover candlestick pattern that was confirmed with a Gap Down. It is just above a range support, but breaking into the next Gap Down range (below the red line) would be...
The STI continues its uptrend in both the ST/MT to 3108. Support is at 2839. A break of 2839 will test 2767 then 2671. LT outlook is still downtrend with 3108 as the pivot point.
The STI closed exactly at 2813 on the Kijun line of the monthly charts as discussed in last week's post. The next target remains unchanged at 3108 on the montly Supertrend line. Short term support at 2779. A break of 2742 (Supertrend Pivot) will test 2651.