If it breaks above line, it moves up or if it breaks below line, it moves down
PIVOT 3131 LONG POSITIONS ABOVE 3131 TO NEW ALL TIME HIGHS SHORT POSITIONS BELOW 3131 FOR 3000 AND 2820
he STI uptrend is intact with support at 3131 in the short term. PIVOT 3131 Long positions above 3131 target 3406 3664 Short positions below 3131 target 3045 3000 I have updated levels for all the uptrending stocks on my youtube video below for DBS, UOB, OCBC, SGX, VENTURE, SEMBCORP IND, ST ENG, UOL, SIA, MAPLETREE COM TR, CAPITALAND, JMH USD, JSH USD
With all time frames bullish supported by 70% of its major components in a bullish multi time frame uptrends (refer to the STI Matrix), the STI approaches the upper end of its 10 year channel at 3406. The STI has been broadly in a trading range between 2300 to 3400 since 2011 and a break of the lower range of 2300 was tested in the pandemic drop in feb 20 which...
The STI establishes a new uptrend on ALL TIME FRAMES after it closed at 3181 with a significant break of its long term downtrend on the monthly Supertrend resistance of 3108. Referring to my STI Matrix table, the stocks that are on multiple time frame UPTRENDS include JMHUSD, UOB, DBS, OCBC, VENTURE, SEMBCORP IND, ST ENG and MAPLETREE COM TR. These are the...
All short, medium and Long term trend time frames of the STI are pointing up after the breakout of 3108 on the monthly Supertrend line. The STI is now on wave 3 of the daily buy signal issued on 041120 at 2506. The current upside target will be at 3188 that coincides with the supertrend break on the weekly charts on 150519 and 3406 on 050218 respectively. PIVOT...
The STI has broken its Long Term downtrend that started on the 1st oct 2018 with a break and close above 3108 to be confirmed when the monthly candlestick closes in another week plus. 3108 was the supertrend pivot resistance on the monthly charts that defined the downtrend for almost 26 months. PIVOT 3050 Long positions above 3050 to target 3411 3664 Short...
The STI closed on an intraday high of 3116 on 090321. The break of the monthly pivot point of 3108 will reverse the downtrend of the STI since 011018. The strength of the banks, Jardine, SGX and Wilmar may support this climb in the short term. PIVOT 2995 Long positions above 2995 target 3108 and 3207 Short positions below 2995 target 3041 2843 Long term...
During 2020 , the meltdown in the market fueled by Covid19, Singapore market dropped from the high of 3411 to 2206. This is a 1205 or a 35% drop in the market. However price have manage to price a support from 2450-2650, a support that was held strongly during Nov 11 and Feb 16. This support have also created a higher low, the previous low being at 1630 during...
Long signals on 250221 at 2932-2964 reverses the downward pressure since 280121 to continue its test of 3108. ST uptrend since 250221 MT uptrend since 071120 LT downtrend since 011018 PIVOT 2867 Long positions above 2867 to test 3108 3270 Short positions below 2867 to 2813 2780
The STI has broken the range on the downside with sell signals on the short term charts on both the 4hr and day charts at 2987-2963 from 260121. The immediate target will be 2780, the pivot point on the weekly charts providing critical support. Short term trend DOWN since 260121 Medium trend UP with 2780 as support Long Term trend DOWN since 011018 PIVOT...
The Straits Times Index (STI) rallied so hard at the beginning of 2021, only to sputter out, failing to break over 3000 , clocked a Lower High, and today, a Lower Low. The past two weeks have been under a Sell signal too. It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down...
Without boring you with the economics of wages growth and income disparity across countries, we look at things from the man on the street. Comparing things 10 , 20 years ago seems far for many and these days, we want instant results, instant gratification. Ask any young kids today and their dream is to become an influencer, youtube millionaire. So the bar is...
The STI settles within a range between 2925 and 3020 with relative strength coming from the banks stocks like DBS, UOB and OCBC together with some interest in SIA and SAT shares providing some support. The short signals on both the day and 4hr charts are still valid on the 26/28th feb. PIVOT 2989 Long positions above 2989 to break 3020 and 3108 Short...
Am seeing a retracement brewing in the pot... Technical indicators have crossed down, and the February two weeks lacklusterly followed a bearish candle, with top tails. Retracement target 2800
With short signals on both the 4hr and daily providing a breather just before Chinese New Year in Singapore, profit taking may just set in with support at 2780. The weekend Supertrend support at 2780 comes into play if 2906 (Tenken line) is broken to the downside as support for the weekly uptrend to remain intact. Pivot 2780 Long above 2780 with targets 2962...
5 hours ago Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. STI (Straits Time Index) - SGX - Continue Bullish
Short term weakness observed in the Short term Daily and 4hr charts with shorts on 260121 at 2963 breaking the Daily supertrend line at 2932 targeting 2782, the supertrend pivot of the weekly charts. Please refer to the STI Matrix to see which are the components driving the weakness of the STI. The banks have ceased their climb and the property counters and REITS...