Sometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the...
As predicted in our post of April 6, STI finished a primary degree bullish triangle and is now trending up. It seems to have finished wave ii and entering wave iii up. The most probable target is at the 3,240 level, which would total 27% of gains in around 2-month period. We may revise this analysis if prices cross down 2,480. FOLLOW SKYLINEPRO TO GET UPDATES.
Currently staying neutral for STI. It is trading below the range EQ of 2689.97 and has not been able to reclaim this. This is bearish, which means every bounce should be shorted. However, it is trading above the Order Block (OB) EQ of 2517.52 – hanging by a thread. This is the critical point to look at: whether we reclaim this or lose this at monthly close....
STI finished a primary degree contracting triangle pattern that should initiate a long path upward from here. It seems to be tracing a 5 wave move up that will form a minor wave 1 pattern. Currently we should be beginning a minute impulse wave 3, the strongest of the impulse waves that should deliver from 14 to 24% returns up to the next 10-15 days. Price-to-book...
STI finished cycle wave 4 and it is now tracing the initial stages of cycle wave V , which could offer up to 150% of gains during the next 3 to 5 years. This scenario should be reviewed if prices crosses down 2,180. FOLLOW SKYLINEPRO TO GET UPDATES.
Volatility wise, you can see STI is more volatile with sharp spikes (orange) compared to SPX500. And then the green zone where both are moving in a bullish channel. SPX500 has a much smoother ride. This is important as traders might get stopped out due to tight SL. More importantly, when all indices have risen lately due to the Fed's generous money printing,...
hey traders, 2550 is a major weekly structure level on STI. just recently we saw its confirmed bullish breakout with a weekly candle close above that, now the market is retesting the broken structure and I believe that bullish sentiment will proceed. target levels are: 2700 2850 good luck!
Consider it a Rising wedge or a flag/pennant (on longer timeframe). Both in my view are bearish formations in current context. Look out for the breakdown of the wedge. Target should be recent low atleast. However, I also see a cup and handle formation, therefore, bets off if the recent high is taken out and goes above the wedge formation. Disclaimer: Not a...
DBS is trading in the flag / pennant. Lookout for the break. Disclaimer: Not an advice to buy/sell.
STI is tracing minor wave 3 of intermediate wave C of primary wave E of a contracting triangle . When the minor fifth wave finishes its path, the index should shoot up in a long term trend move.
As annotated in chart, it appears likely to punch further for a lower low, if not by this Wednesday 18/3, then by next Wednesday 25/3. Deviation criteria set but requires a massive rally, which currently looks with low probability, although not impossible.
DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25. MACD supportive of bearish bias. Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
TRADE DEALM PHASE ONE SIGNING SOON US-IRAN TENSION SETTLING DOWN 38.2% FIB
Sunny Singapore is getting wet weather in the month of December. Lots of sales ongoing with the festive season - Christmas and year end sales. The HK protests in some ways have contributed to a fair amount of Hong Kongers moving to Singapore and even business owners parking their funds here. www.cnbc.com www.channelnewsasia.com
Adam and Eve is another of my favourite bullish reversal pattern. Yanloard broke above the neckline at 1.35 on 11 Feb and has been consolidating between 1.36 to 1.42 for the past week. The consolidation looks to be a bull flag and I am expecting it would be able to reach a price target of around 1.50 (hmm, just a small profit for now as the adam and eve formation...
Apac Realty was in a decline for almost 8 months before hitting bottom in Nov 2018. It then flattens out and formed a base over the next 3 months before rising sharply on 12 Feb 4 days ago. This could signal the start of a new bull trend. There is an immediate resistence at 0.585, should there be a pullback towards 0.51 and starts to rebound from there, it would...
OUE formed an inverted Head and Shoulders over the last 6 months (with a sloping neckline). It broke the neckline at 1.50 two weeks ago with higher volume but consolidated in a small range until it took another step up on 15 Feb. It looks on track to a projected target of at least 1.70 with an inital stop loss placed a couple of ticks below 1.50.