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
youtube
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...
The day long signal at 3186 on 010621 is still intact and found some buyers at the 3099 level. The STI needs to break back above the 4hr pivot of 3169 to test 3406
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 010621
PIVOT 3099
Long positions above 3099 targets 3406 and 3664
Short positions below 3099 targets 3024 and...
A day long signal at 3186 on 010621 resumes the STI on the short term uptrend for 3406. Support/Stops are now at the supertrend line at 3099.
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 010621
PIVOT 3099
Long positions above 3099 targets 3406 and 3664
Short positions below 3099 targets 3024 and 2653
youtube link
A day long signal at 3186 on 010621 resumes the STI on the short term uptrend for 3406. Support/Stops are now at the supertrend line at 3083.
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 010621
PIVOT 3088
Long positions above 3083 targets 3406 and 3664
Short positions below 3083 targets 3024 and 2653
youtube link :
A day long signal at 3186 on 010621 resumes the STI on the short term uptrend for 3406. Support/Stops are now at the supertrend line at 3083.
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 010621
PIVOT 3083
Long positions above 3083 targets 3406 and 3664
Short positions below 3083 targets 3024 and 2653
youtube link
As posted in my Blog last week.
STIL HOLDS 3024 FOR THE MOMENT (quantstrategic.com.sg)
The Daily pivot at 3185 formed a resistance in last week's rebound from 3024. A break and hold above 3185 will turn the supertrend up and allow the STI to reach its 3406 target as posted on the monthly targets.
The STI Matrix now only shows DBS, Jardine with ST Eng and...
STI might be going for a little, or a bigger dip.
Consider securing some profits in current SG stocks.
I would stay in sidelines for SG stocks until STI approaches 2960.
Bullish case for the STI
1. Technicals are looking bullish
2. Quick recovery after failing the 55EMA
3. Waiting to break out of trend line resistance
Bearish case for the STI
1. IF it breaks down the support of the last low, it is a goner.
and somehow, IF I had to make a call, against obvious odds, I see that in higher and unexpected probability of a down...
Buyers on the dip allowed the STI to maintain weekly support at 3024.
The short signal at 3158 on 050521 is still valid and targets 3024 till the break.
Next level on the break will be 2813 then 2613
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM DOWNTREND SINCE 050521
PIVOT 3185
Short positions below 3185 targets 3024 and 2613
Long...
The short signal on the STI issued on 050521 on the day charts is still in play and has hit it's target at 3024 intraday at 1400hrs on the 14052, Friday.
3024 is the weekly pivot support on the weekly charts and if broken, will end the medium uptrend started since 071120. The long term charts are showing exhaustion as price action now trades below the SSSB line...
A short signal has been issued on the 05 may at 3158 targeting 3024 (weekly pivot). Profit taking at the moment has set a range between 3160 and the upside daily pivot at 3232.
Based on the STI Matrix, the banks and SGX has been supporting the index with some profit taking noticed in SIA, ST Eng, Venture, Wilmar as well as Ascendas REIT notably.
LONG TERM...
TVC
