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...
Pending week close, if Strait Times Index (TVC:STI) is below 3140, that probably firm up that the index is heading lower towards 3050 support.
Short term bias for STI is bearish, with support at 3050-3075.
If this level fails, then we are talking about a big bearish move going forward.
Singapore Strait Times Index (STI) is still bearish with failure to break/close above important high.
End of Sep concludes the end of 3rd quarter trading.
If STI is going to close below 3200, this shows that STI is closing low towards the quarter.
Targeting 2800 as a strong support.
Thanks for viewing.
First of all, this isn't based on any fundamental factors to do with Singapore per-se, apart from Singapore standing between two huge but struggling economies; China and Europe. Singapore is a very nice place, with great people, who have overcome significant challenges to create what is a shining light in Asia. If my view eventuates, I am...
Bi-Weekly Review on Strait Times Index (March 2019 - April 2019)
- Singapore Stocks start the week higher on this monday (April 1) with advancing 19.18 points points, or 0.6 per cent
- Markets are bullish but the volatility is higher for the past 2 weeks
- Market Catalyst affect several area : Australia, Japan, South Korea, China and Hong Kong
- Most...
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
Attached above is the Monthly Technicals of FTSE Singapore Straits Times Index (FTSE STI). If you had been learning from my teachings all along, you will know that Singapore FTSE STI is the number 1 indicator for global economic health and worldwide financial markets. The reasons had been explained in my previous FTSE STI teachings. STI is maintained in strong...
The Straits Times Index has been in a rising channel for weeks on end now, the narrative is that when U.S. corrects = Fed RRR will decrease to the benefit of Asian markets. This is simply untrue as US economy is still on a good growth path expectation is that the STI will correct more violently in the near future.
All of these new facts have yet to be priced...
Much of Asia exhibits this consolidation pattern. To me, Singapore looks like the most attractive market to hang out in and wait for a trade resolution. Their companies' accounting practices are arguably better than, say, China's; and their valuations seem to be incredibly reasonable, too. Sources report STI to have an ~11.5 to 13 PE. On the other hand, it has...
Long with good conviction (++)
Buy on dips above 3020
Stop Loss: 2960
Take Profit: 3350
Weekly
Price reacted above 2960.
RSI also reacted above support where in the past price has bounced before.
RSI also surpassed descending channel resistance.
Daily
Price and RSI shows a weak bullish divergence
RSI also testing 50% level.
2960.00 is the key support level to...
Looking At Daily Times Frame Chart What I Predict For TVC:STI is:
Breakout above Resistance 3120 Will Head It towards Its Next Big Hurdle 3180
Major Support Is 2955 (26 oct 2018 Low) and Psychological Support of 3000
For Next 2-3 Months Trading Range Can Be between 3200-2900
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STI (Derived Data)
![STI: Straits Times Index (STI) [1-3 weeks view] ++](https://s3.tradingview.com/u/u87L47ae_mid.png "Straits Times Index (STI) [1-3 weeks view] ++")
