Rarely have I come across such beautiful supported legs like the STI we have today. Much more long term upside expected for the Singapore economy, especially profitable for millennial's planning for their future, assuming if they don't fomo into the defi space now.
Still over -23% off of the highs, I will remain holding this position with stoploss at breakeven. This entry was given on the 14th of last month. 03:44:41 (UTC) Tue Aug 18, 2020
Floating with risk free from the signal given below.
As posted on numerous occasions recently, the STI, as expected and accurately enough , broke down and ended the week at the interim downside target. This breakdown did not appear to have very strong momentum, although it appears to be technically committed. Hence, expect next week to be slightly bullish, perhaps to retest the resistance. So far, taking stock of...
Quick but significant development today... the STI weakened to clock lower low (close). In doing so, it had broken down below the widening wedge support with a decisive candle to end the day. It failed the retest of the 55EMA on Wednesday and broke down today (Thursday). The next couple of trading days would be significant as it should be heading about another...
The STI had a bit of a ranging week but was dragged down slightly. No bull in sight, nor bullish opportunity as yet another lower high was registered. Previously marked (yellow ellipse) of the first lower high, another lower high was registered last week (fuschia ellipse). And last week’s movement was very significant in foretelling the underlying sentiment. This...
The STI has almost closed a gap and now stands at a support area. Yesterday closed just below the 55EMA and MACD has crossed down. Bearish momentum is however muted, but the bias is there. Watch for breakdown late session today (Friday)...
2000 - 1500. hope that holds! it is consistent with global markets, as per covid19 pandemic.
It is Singapore’s General Election and today is Polling Day. And like previous elections, (2016 US Elections, 2019 Indonesia Elections) there has been some correlation between the equity market with the election outcome. This is based on the collective consciousness, institutional positioning and the retail market sentiment, 0us a huge dose of critical thinking of...
The STI broke down the week before, and suddenly a reversal to rally came back for later part of the week, closing the week with a bullish engulfing candlestick pattern, and keeping inside the (adjusted) widening wedge. Technically, the weekly chart is bullish, with current candlestick pattern being bullish, there may be an attempt to work towards meeting the...
Short entry for STI, based on a lot of fundamental details such as the divergence seen in last night's Asian session between China vs. RWE. 13:24:58 (UTC) Fri Jun 19, 2020
The STI daily chart shows technical break via a Gap Down of: 1. A supporting trendline; 2. Out of a bear rally wedge; 3. Failed the 55EMA; and 4. MACD broke down into the bear territory This appears to be a rather strong conviction of the weakness of the STI and projections indicate 2500 as the next and critical support. Failing which 2200, and consequently...
An update from previously posted Alert on the Straits Times Index (STI) as it is about warranted time. The STI had closed the last 4-5 DAILY sessions below the 55EMA, and this morning saw a gap down, pushing the morning session for recent lower lows. The MACD had crossed into the bear territory and we are looking at 2500 as the next support. Bearish ↘️
That is what the media is now saying - that the market is anxious because of a second relapse of the Covid-19 virus. Look at the latest happening in China where 137 new cases were discovered and schools had to be closed down again. What else are there to worry about ? Well, the number of cases in US is still not tapering, that's a prime concern especially...