STI has reached the critical price zone of 3465 , hitting the right shoulder pattern. With the crossover of MACD soon, I expect the market to turn soft a little next month with some pull back in price action before we see another surge later. Buy on...
2 Options as we come to the crossroads soon.
Option 1 : Breakout and pullback and head northwards to 4000+ price level
Option 2 : Breakdown as per previous 2 attempts
Analysts are expecting a breakout of 3500 , read news here
I do not trade this index but use it as...
Have not looked at this market for a while, but took a peep today and noticed a potentially sinister-looking H&S forming. right shoulder still under-developed, so keep an eye on this... #Singapore #STI
The first half of 2017 has been a good run for the Singapore stock market - Straits Times Index (STI), gaining over 300 points.
However, we believe that a retracement or a reversal to the downside is imminent. The question is are we gonna see a retracement or a reversal?
Price moves correctively, usually taking a longer period of time, and does not...
I was conducting a talk at a local Stock Broking house. Really appreciate the invitation to speak to a group of enthusiastic participants. The participants and I were looking at the STI, stock indices for Singapore.
There is a bearish Bat pattern completing much higher at around 3430. However there is an AB=CD pattern completing now at 3145/50. This is also at...
We are still expecting our initial long term view of 2200. However, recent months trend formation seems like STI is bottoming out at 2500 which happened during Jan-Mar. We will see if support turn resistance in the coming weeks.