As previously posted, BEAR. The thing is, since the last post, the EWS (and other indices) made a sucker rally that pulled in the bulls. And a few weeks later, they burned.
This time, the burn is shown by a failed breakout that is followed through the other side. Technical indicators are now in full support as cross downs are registered. Critical supports are...
Recent rebound in SIA shows multiple high volume in 5 mins chart yesterday with limited price up.
This indicates the big boys are churning at the high price to creates Fear-Of-Missing-Out to retail investors to place order in.
When there are enough buyers at the lower pricing, the big boys will start selling for profit taking.
Just to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize.
Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside.
1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower...
As expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come...
Breaking down below the support to form a lower low is confirmation for the lower target to be the next...
Multiple signals all aligned to much more downside in the Singapore STI...
1. A lower high. Watch for the lower low incoming!
2. Break out and then break back into the consolidation range. This is the second time, and expect an extrusion through the bottom of the range.
3. MACD lower high, and crossed down. Bearish oops, look from crossing down into bear...
The top 30 companies of Singapore failed to post any gains since 2010. If the world is heading into a recession, Singapore won't be spared the fallout.
Quite clear...
The EWS (tracking the STI, Straits Times Index of Singapore) pretty much topped as the MACD crossed down, with the VolDiv converging.
Looking for a reversion to mean, 5-8% down.
Watch the support level over the next week.
Long term DOWNTREND SINCE 010908
Medium term UPTREND since 111021
Short term UPTREND since 311022
Singapore Airlines is 1 of 8 component stocks supporting the rise of the STI at the start of 2023.
The long signal for this recent run started on 311022 at the price of $5.21.
$7.00 is a significant target as it marked the start of last 7 year decline of the stock...
Plotting a line graph over this random 10 years period, we can see that if one invest money into the STI, he made a loss of around 26% (if he sells out but breaks even at best if he holds till now).
Conversely, in the same time frame of 10 years, if he would diversify into US and invest in the SPX index (as often encouraged by legendary investor, Warren...
The stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the...
The Singapore bourse STI ETF, EWS, has a very ominous outlook for the next couple of months into the end of 2022.
Hyperinflation could be the current trending killer, but seems like more is likely to add on. Not sure what shoe will drop, but the charts tell it as it is...
April and May ended badly entering into a range that saw May break down of that range...
The Singapore Straits Times Index (STI) is in a primary Downtrend.
This is observed and concluded from the TD Sequential analysis.
Referring to the monthly chart for the STI ETF (EWS)...
The EWS in recent months had broken down hard, and bracked below the TDST support line within the downward TD Sequential. Now, typically, this series is called the Buy Setup, as...
Noted the current Double Top formation on the STI (Straits Times Index, Singapore)
Oddly, 4 April was the advanced marked date for a top (hence, red time line).
Previous marked dates (thing lines) and forward marked dates (thick dotted lines) are there. It is intriguing to see the uncanny accuracy over the years.
ENTRY: 9.55
SL: 8.91
TP: 10.10
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Retraced to 61.8% fib level, and rebounded on 8 Oct 2021 with volume.
- Looks like volume dry up today after yesterday selling volume, which is a possible bullish sign.
- Earnings on 21 Oct 2021 to watch out...
DBS, the biggest component of the STI, appears to have great downside risk.
Breaking below support of 29.60, after a lower high, means a lower low is put in place.
The weekly chart already had a Bearish Engulfing last week, and this week (left with 1.25 days) closing down below 29.60 to end the week would be another toppish candlestick pattern called the Three...
A day long signal at 3186 on 010621 resumes the STI on the short term uptrend for 3406. Support/Stops are now at the supertrend line at 3083.
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 010621
PIVOT 3083
Long positions above 3083 targets 3406 and 3664
Short positions below 3083 targets 3024 and 2653
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Bullish case for the STI
1. Technicals are looking bullish
2. Quick recovery after failing the 55EMA
3. Waiting to break out of trend line resistance
Bearish case for the STI
1. IF it breaks down the support of the last low, it is a goner.
and somehow, IF I had to make a call, against obvious odds, I see that in higher and unexpected probability of a down...
