MSCI SINGAPORE futures after the nice impulse until the 333 level started a retracement move. The market touches the 0.382 Fibonacci level over a support structure and started a consolidation move. IF the price will break and close above the minor resistance structure, we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep...
ST support as drawn. Quick take profit target at last high, cut loss just below support level.
Weekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong. Send us your preference stock to review based on TradeVSA chart by comment at below. Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
STI ended 2018 as a down year. For 2019, we are expecting STI to be in a corrective up move, yet remaining below the previous high at 415.50. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach....
Presented without comment, pure TA prediction
SGX:SGP1! Mid Term trade idea for SGX:SGP1 Due to the weakening dollar (DXY) testing a very strong support level, and Singapore market being negatively correlated with the dollar... If the USD bounces above its key long term support, it would then mean that Singapore market would be in a period of intermediate correction. Alternatively, if the USD breaks below...
Looks like the MSCI Stock Futures may be forming a large head and shoulder pattern here...seems to be confirming and aligning with a high in $EWS and emerging markets in general ($EEM) The bull cycle counts for both $SGP1! and $EWS point towards the major high/right shoulder forming during Q4 '17, and more specifically, around October-November... ----- I'll...
-MACD death cross, looks like it will test 50EMA, uptrend still intact. -Looking to turn from short to long at 50EMA, overall still bullish on Singapore equities.