All posts and charts are for educational and illustration purposes only
Showing posts with label STI. Show all posts
Showing posts with label STI. Show all posts
Monday, March 19, 2018
Straits Times Index - Watch For the Break From The Triangles!
Straits Times Index - February lows have provided the base for the multi weeks consolidation pattern. The contracting price swings off Feb lows formed the triangle consolidation. Triangle patterns form in trending phases and are seen as consolidation pattern. The high probability price target on the breakout on either side is 3566 and 3450. For now the upside is capped at 3546 if the market manage to rebound of 3500. This blog will be watching for the breaks very closely
Friday, September 22, 2017
US markets celebrates new high but No Joy In STI
US Markets celebrates new highs but no joy with STI. This week new highs in US markets have been met with a bearish divergence in the STI. In the regional markets STI and the ASX200 display the weakest technical profile. STI has broke below the 50 days MA as well as the lower boundary of the uptrend channel. The uptrend in STI that we saw since Dec 2016 is now in doubt and a break below 3200 will open the door to a downside target of 3150 and 3110 respectively. At the meantime, STI is expected trade within the 3210 , 3225 and 3245 range. This blog will turn bullish on STI only when it breaks above 3250.
All posts and charts are for educational and illustration purposes only
Friday, September 8, 2017
STI Trade Plan - Strong Support At 3195 Looks Set To Break
The index could hit the next support of 3195. A break below 3195 will trigger a severe correction to 3150 and 3120.
All posts and charts are for educational and illustration purposes only
Wednesday, July 12, 2017
STI
Testing two and half months low at 3195. Stay below 50 days MA, momentum weak. Next support at 3155.
All posts and charts are for educational and illustration purposes only
Tuesday, May 9, 2017
STI
More upside. Should be heading towards 3310 before a correction sets in.
All posts and charts are for educational and illustration purposes only
Tuesday, April 18, 2017
STI
The last time it touched the 50 day MA in Dec 16, a huge rally followed. Today it touched the 50 days MA again but this time a correction may be on the cards. The price action is pointing to more weakness ahead. In the short term it could be headed for 3090 and eventually 3030.
All posts and charts are for educational and illustration purposes only
Thursday, March 23, 2017
STI
Showing signs of breaking down. Any break below 3115 could take the index down to 3050.
All posts and charts are for educational and illustration purposes only
Monday, March 6, 2017
STI
Sign of deteriorating breadth and momentum but index is hanging inside the uptrend channel. Watch the key support at 3100. A break below this level may trigger a major correction bringing the index down to 3030. If index can hold above 3100 the STI uptrend will continue with the next target at 3170.
All posts and charts are for educational and illustration purposes only
Thursday, January 12, 2017
STI
Short term price target reached, could retrace to 2965, a break below this level could bring the index to 2890 before any meaningful rebound.
All posts and charts are for educational and illustration purposes only
Thursday, January 5, 2017
STI
Tested 2966 for the 4th time today. Likely to break out this time to test the 3000 levels. This blog believes the run up to Trump's inauguration on 20 Jan could be the last bull leg for this quarter before the earnings reporting kicks in later this month. Buy on election and sell into Inauguration of Trump could be a good idea.
All posts and charts are for educational and illustration purposes only
Monday, December 19, 2016
STI
Back to range trading until Trump inauguration on 20 Jan. Strong support at 2900. Market fireworks starts after 20 Jan, its likely to be a "Sell on News" after Trump announces his fiscal stimulus plan.
For Illustration Purpose Only
For Illustration Purpose Only
All posts and charts are for educational and illustration purposes only
Friday, September 23, 2016
Tuesday, September 13, 2016
Friday, September 9, 2016
STI INDEX
It took 3 months for STI to gather enough strength to break above the 2881 level on 6 Sep and broke below it within 3 days. The price action looks rather bearish, the market is expected to be weak next week. Could could test next support at 2852 and 2826.
All posts and charts are for educational and illustration purposes only
Thursday, June 23, 2016
Thursday, June 16, 2016
STI Resistance Well Defined at 2785
All posts and charts are for educational and illustration purposes only
Thursday, June 9, 2016
Tuesday, May 31, 2016
Wednesday, May 11, 2016
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