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
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.
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
Price reacted above 2960.
RSI also reacted above support where in the past price has bounced before.
RSI also surpassed descending channel resistance.
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
Missed the head and shoulder pattern.
Seeing good short opportunities at the 2958.29 level.
Target exit level at 2527.70 level.
If you/I have the guts, most probably just ride the wave down from 2527.70 downwards.
What do you guys think?
Green 6 on the hourly small break upwards, given that other markets hourly candles such as Nikkei and $SHCOMP are already beyond a green 9 on the hourly it signifies trend exhaustion and a red day is expected real soon. Macro view still remains very weak and as such might be a deadcat although a real bounce is not discounted.
1) Take profit & do not...
Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it.
At this rate of decline, is there any support or bottom in sight?
I generally do not like to do projections, because most projections are just guesses.
The best way to know is to observe the price as it moves, then you will know when it...
Since my last call to short (on my blog and during my events), the STI has fallen about 5.5%, and has corrected 13.3% from the highs.
This is the reason why I am bearish on Singapore stocks and have liquidated my portfolio a long time ago to focus on the US markets.
I have a feeling price will continue falling until the 3000 support level. I will be watching to...