Those who did not take advantage of STI index when it went down below 3000 , there is another opportunity. Likely, there would be a retracement to the right shoulder towards 3096 level before I think it starts to rally towards 3300 level. I am bullish on banks, some REITS and a few stocks which I have already covered. Please DYODD.
STI Long term index charts are trading at influx point. Caught in the bull and bear fight index is hovering around 3200 mark. See a reverse head and shoulder pattern appearing on the long term charts which may unfold in next few months when the neckline is confirmed breakout. This is a long term chart so view is mid to long term. Since STI index has over 40%...
The top 30 companies of Singapore failed to post any gains since 2010. If the world is heading into a recession, Singapore won't be spared the fallout.
Plotting a line graph over this random 10 years period, we can see that if one invest money into the STI, he made a loss of around 26% (if he sells out but breaks even at best if he holds till now). Conversely, in the same time frame of 10 years, if he would diversify into US and invest in the SPX index (as often encouraged by legendary investor, Warren...
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 ?
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...
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...
Expecting the drop of TVC:STI extend to 29400
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...
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...
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
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...
STI completed both timewise and pricewise Correction on Daily timeframe.. now just need to for breakout which Happen after break the levels of 3115 (green line in chart)
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...