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
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
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
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 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...
A short signal issued on 301120 on the 4hr signals a pullback to test 2767 ST line on the dailies. This is considered a pullback as price is still above the cloud on the 4hr. Pivot : 2873 A Break above 2873 will test 2920 then 3108 A bounce below 2873 will test 2767 then 2671 The STI is bullish short term and medium term. A long signal on the weekly charts was...
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.
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.
The STI continues its uptrend in the ST with the buy signal at 2494 since 031120 on the 4hr. The monthly supertrend line at 3108 will be the target of the bulls into the year end. Support is now at 2665. A break below 2624 will resume its ST downtrend.
STI has flashed a MT buy signal on the weekly chart with a target of 2813. Support now at 2637. A break of 2637 will test 2566.
A Biden win gave the STI a strong boost and broke the ST downtrend on 4hr charts on the 3rd of Nov 2020 at 2517. The STI hit and intraday high of 2519. Levels to support uptrend on the day and 4hr charts will be at 2506. Uptrend targets are now at 2626 and then 2697 initially. A break of 2506 will see the test of 2200.
STRAITS TIMES INDEX It is possible to continue the correction Targets around 2236 - 1993 ✅ f you like what I do, put 👍 and subscribe Waiting for your comment, what do you think about this?