Noted the current Double Top formation on the STI (Straits Times Index, Singapore)
Oddly, 4 April was the advanced marked date for a top (hence, red time line).
Previous marked dates (thing lines) and forward marked dates (thick dotted lines) are there. It is intriguing to see the uncanny accuracy over the years.
The STI resumes UPTREND in the short term from the long signal at 170322 at 3299. A break of the weekly pivot at 3442 to the upside will confirm a bullish multiple uptrend scenario that may test 3641.
LONG TERM UPTREND since 010321
MEDIUM TERM PULLACK since 280222
SHORT TERM UPTREND since 170322
PIVOT 3296
Long positions above 3296 for 3442 and 3641
Short...
Now with the ongoing war between Russia and Ukraine, will the Feds still consider the interest rates hike ? Will this war escalates the already skyhigh inflation rates further ?
Or perhaps the Fed will use this news and temporarily halt the rates hike ?
STI is still on a bullish move and I see this dip as a buying opportunity. How about you ?
A short signal has been issued on 240222 at 3362 that targets the weekly pivot at 3226. A pullback below 3226 will target the monthly pivot support at 2857 which will put the STI back into a broad trading range between 2600 and 3600 since 2009.
The bank rally in DBS OCBC and UOB has stalled with pullbacks to the weekly supports and only 4 component stocks in the...
A long signal on 040122 at 3168 on the day charts puts the STI on a multiple time frame UPTREND to start 2022. the targets are now illustrated on the monthly charts at 3415 and 3641 respectively.
This uptrend move may break the downtrend drought of the STI since October 2018.
There are only now 6 COMPONENTS in the STI index that are in an UPTREND led by the...
The STI gains 32% from its pandemic lows to close 2021 at 3123.
The short term pullback since 261121 will continue till 3167 is broken to the upside.
Medium term support for further gains is the weekly pivot support at 3067
There are only 2 COMPONENTS in the STI index that are in an UPTREND.
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT...
The STI broke day Supertrend Support at 3183 and a short signal is issued on 261121 targeting 3067 on the weekly supertrend line. The pullback sits on the congruence of the week Tenken and Kijun lines which will provide mini support in the short term.
The Medium uptrend that started in 071120 last year still provides buyers on the dip.
7 components in the STI...
7 components of the STI are now in strong UPTREND.
DBS
UOB
OCBC
HONGKONG LAND
SEMBCORP IND
ST ENGINEERING
SINGAPORE AIRLINES
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM UPTREND since 141021
PIVOT 3120
Long positions above 3183 for 3415 and 3641
Short positions below 3183 for 3024 and 2747
Currently, we are seeing some resistance at the price level.
If the market does correct in US, it is likely that STI will follow suit and we may see some correction. Alternatively, if the US market remains bullish, then it is possible that STI may breach the resistance level and continue to head up.
Short term traders can take profits while those who wish to...
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM PULLBACK since 141021
PIVOT 3120
Long positions above 3120 for 3415 and 3641
Short positions below 3120 for 3024 and 2747
The STI positively bounced of the 3024 pivot on the weekly charts for the first trading week of October 2021.
The day short signal on 190821 is still active targeting 3024. A break above 3129 on the day charts will resume the short term trend to the upside.
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM PULLBACK since 190821
PIVOT...
Profit taking gas been observed in all the heavyweight STI component stocks based on the STI Matrix Heatmap including the banks and property counters.
The STI has been in a range since 080321 between 3024 and 3237 for 5 months now.
On a longer term outlook, the long signal on 010321 at 3108 on the monthly charts must break above the range at 3237 to confirm a...
The STI has been in a range since 080321 between 3024 and 3237 for 5 months now.
On a longer term outlook, the long signal on 010321 at 3108 on the monthly charts must break above the range at 3237 to confirm a move to 3406.
A break below 3024 will signal a pullback of the STI to 2652.
A short signal is now active on the 4hr and the day charts at 3144.
LONG...
A long signal was issued on 060721 at 3183 with a pivot support at 3085 (Daily Supertrend). A new long signal has emerged at 3176 on 300721 target 3406.
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM UPREND since 060721
PIVOT 3085
Long positions above 3085 targets 3406 and 3664
Short positions below 3085 targets 3024 and 2827
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A long signal was issued on 060721 at 3183 with a pivot support at 3082 (Daily Supertrend). The short signal on the 4hr at 3124 is targeting 3082 on the Daily charts and 3024 on the weekly charts
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM PULLBACK since 010621
PIVOT 3082
Short positions below 3182 targets 3024 and 2827
Long...
A long signal was issued on 060721 at 3183 with a pivot support at 3082 (Daily Supertrend). The short signal on the 4hr at 3124 is targeting 3082 on the Daily charts and 3024 on the weekly charts
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM PULLBACK since 010621
PIVOT 3082
Short positions below 3182 targets 3024 and 2827
Long...
A long signal was issued on 060721 at 3183 with a pivot support at 3082 (Daily Supertrend). The short signal on the 4hr at 3124 is targeting 3082 on the Daily charts and 3024 on the weekly charts
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM PULLBACK SINCE 010621
PIVOT 3082
Short positions below 3182 targets 3024 and 2827
Long...
TVC
