The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions. The STI short signal on 281020 the day charts was the last line in the sand to trim positions. STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200. Only a break and hold above 2509 will resume ST selling...
The STI made an intraday high of 2569 on the 13 oct and has since faced selling pressure throughout the week to test 2516. A break of 2516 will quickly move to 2509 and a close below 2509 will resume downtrend in all timeframes. A hold above 2516 will test 2569 and may start an uptrend on the daily charts.
The STI has paused its downtrend in the ST on 121020 at 2542. The buy signal on the 4hr charts at 2510 remains valid only if 2516 holds. A break below 2516 will test 2485 and a close below 2485 will resume downtrend on all time frames to test the lows. A bounce from 2516 and hold above the SSSA daily charts above 2524 will relieve LT downtrend pressures and...
Maybe the locals here love STI more than anything as they are familiar with it. I have shown you guys before here why I prefer investing in US indices over STI. Again, no right or wrong, it depends on your level of comfort and preferences. Today, the government announced an important piece of news , read here. . For those who are looking to invest in...
The STI has generated a buy signal at 2520 on 091020. Immediate target is 2547. A close above 2547 and hold will generate a ST/MT uptrend towards 2717 Failure to break above 2547 will retest 2510 and resume its MT/LT downtrend. The STI is in a persistent MT/LT downtrend till otherwise indicated.
Weekly chart showing STI is well supported @ 2500 Good R/R to long
The STI has tried multiple times to hold the 2500 level in the last trading week. A break and hold above 2510 will relieve the selling pressure. A range within the downtrend has develop between 2450 and 2510 in the ST A test of 2450 is still imminent.
Venture had resumed its uptrend with a sharp parabolic ascent to $29.50 from Aug 2016 to Mar 2018. Pivot : $19.54 Buy on a break and close above $19.54 Target $29.50 Stop Loss : $18.92
Wilmar resumed its uptrend LT in July 2019. Multiple buy signals MT and ST were issued on 270720 and 250920 @$4.41-$4.46 PIVOT : $4.54 Buy at the break and hold above $4.54 Target ATH of $7.29 Stop Loss $4.36 A break of $4.36 will negate the ST buy signal and test $4.04
The uptrend of ME8U is impressive since 2011. Price is expected to trade between $3.04 and $3.34 in the ST A break upside of $3.34 will resume its uptrend. Pivot : $3.19 A break of $3.19 will lead to ST weakness to to test $3.04 A break of $3.04 will see a MT correction to $2.17
The STI is into its downtrend for 15th weeks now since the 24th of July 2020. 2500 level needs to be reclaimed and a close above 2520 will negate the correction. The downside target of 2200 in the MT/LT remains a viable target if a sustained recovery above 2520 and 2551 fails to materialize.
The short term weakness on the SPX persists since the short signal was triggered in the short term on the 4th of Sep 2020. The uptrend starting on the 25th of May 2020 the daily charts has taken a pause. Price now will test the downside on the SSSB (RED LINE) on the cloud. A break and HOLD below the SSSB cloud will start a new downtrend in the MT. The downside...
Based on TA, descending triangle should formed in a downtrend. STI hit the TA theory exactly.
The STI is struggling to hold on to 2500. All indicators are on a downtrend. To negate short term weakness, the STI must close back above 2540 - 2586 and hold. The Medium and Long term prospects are weak and in a persistent downtrend. 2200 is the next target is weakness persists in the MT.
The STI is in its 8th month of correction since February 2020. The technical picture has worsened in the trading week starting 070920. My previous post on the 6th of Sep highlighted the technical weakness on all time frames. A worst case scenario of a test of 3200. It would be prudent for long only traders to lighten exposure for the last quarter of 2020. For...
Going down... just saved by the skin, but next week bring greater head winds. Technically, it’s on the way...
These trades remain open from the original sell signals given on Jul 31 23:33:15 (UTC) Sun Aug 2, 2020
Floating with risk free from the signal given below.