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.
- 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
Long positions above 3083 targets 3406 and 3664
Short positions below 3083 targets 3024 and 2653
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...
The STI establishes a new uptrend on ALL TIME FRAMES after it closed at 3181 with a significant break of its long term downtrend on the monthly Supertrend resistance of 3108.
Referring to my STI Matrix table, the stocks that are on multiple time frame UPTRENDS include JMHUSD, UOB, DBS, OCBC, VENTURE, SEMBCORP IND, ST ENG and MAPLETREE COM TR. These are the...
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.
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
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.
Long positions above 3050 to target 3411 3664
Singapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46.
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.
Long positions above 2995 target 3108 and 3207
Short positions below 2995 target 3041 2843
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
Long positions above 2867 to test 3108 3270
Short positions below 2867 to 2813 2780
SATS is bullish with a buy signal on 020221 on the 4hr at $3.95 and the dailies on 080221 at $4.05. The medium term trend is up since 091120 last year with buyers pushing price above $3.40 to test $4.55, the pivot point on the longer term monthly charts.
Short Term Trend UP since 020221
Medium Trend UP since 091120
Long Term will turn UP if we break and hold...
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
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.
Long positions above 2989 to break 3020 and 3108