CAPITALAND JOINS LIST OF MEGA UPTREND STOCKSThe break of $3.63 from the long signal at $2.74 on 101120 has materialized with a strong close at $3.85 on 260321. The upside target is now 4.60 that was the level that Capitaland broke down on 010828 from its highs of 7.27 in 020407.
STI PROPERTY OUTLOOK : CAPITALAND & CITY DEVT 301120 (quantstrategic.com.sg)
Short term UPTREND since 101120
Medium UPTREND since 161120
Long term uptrend since 230321
PIVOT 3.45
Long positions above 3.45 for 4.60 and 5.75
Short positions below 3.45 for 3.25 and 2.37
STI
STI BREAKS DOWNTREND SINCE 2018The 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 positions below 3050 to target 3011 2892
Long term UPTREND since 190321
Medium UPTREND since 071120
Short term UPTREND since 041120
SIA BREAKS 5 YEAR DOWNTRENDSingapore Airlines broke the long term downtrend that started in Aug 2015 with a close at $5.70 surpassing our target at $5.46.
PIVOT 5.27
Long positions above 5.27 target 5.75 and 7.05
Short positions below 5.27 target 4.91 and 4.63
Long Term UPTREND since 190321
Medium Term UPTREND since 161120
Short term UPTREND since 051120
STI CLOSES IN ON 3108The 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 DOWNTREND since 011018
Medium term UPTREND since 071120
Short term UPTREND since 250221
STI SHORT TERM INDICATORS UP to start March 2021Long 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
SATS S58 : TARGETS $4.55SATS is bullish with a buy signal on 020221 on the 4hr at $3.95 and the dailies on 080221 at $4.05. The medium term trend is up since 091120 last year with buyers pushing price above $3.40 to test $4.55, the pivot point on the longer term monthly charts.
Short Term Trend UP since 020221
Medium Trend UP since 091120
Long Term will turn UP if we break and hold above $4.55
PIVOT $3.95
Long positions above $3.95 target $4.55 and $5.85
Short positions below $3.95 target $3.60 and $2.50
STI BREAK RANGE TARGETS 2780The 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 2967
Short position below 2967 target 2780 and 2716
Long positions above 2967 target 3108 and 3270
STI in trouble... seriously.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 below the 55EMA; wait till end of day.
The RPM and MACD indicators are clearly bearish.
Look's like the early January rally will be erased... as downside target is at 2800.
WHY investing is no longer a luxury but necessity ?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 raised from generation to generation.
We know that the wages you got home each month is quickly distributed to your costs of living - food, transport, education, healthcare, etc. By first taking a 5-10% of that amount and leave it for investment is a wiser choice than to leave it the LAST ITEM. Make that your 2021 goal. Never mind how small the value of that amount is - you can start with low cost index fund at less than $100 or lower.
So, if you agree that most of our median wages are not increasing in tandem with the inflationary costs of living , then somewhere have to give. That means, you might be working longer hours, having more responsibilities, gotten your so-called 10-15% pay increase but the monthly expenditure are also going up as well. So , where do you find the surplus money ?
By making 10% of your monthly wage to the investment box - making it a compulsory item to deduct will inculcate a good habit and your future self will than you later. The younger you are, the better it is. But late is better than never as I always say. Do within your means, the important part is getting started and then keeping it consistent.
Here, I showed you two charts, STI vs CN50 and just looking at 2017 to 2020, the last 3 years. If one invest in STI, sadly, he is still losing money while the person who chose CN50 must be quite happy with his little windfall.
Investing is necessary because depending on one main source of income is no longer sufficient. Unless you have other ways to generate second or third source of income other than investing, then all is well. But, imo, investing carries much lesser risk compared to doing your own business. I have been there and if I could turn back the clock, I would happily pump all my lost capital into the market. Too late, haha. Pay money to learn valuable lesson !! Period.
Once you are convinced of the WHY? part of the equation, then you need to know the WHAT to invest? This simple comparison shows you picking the wrong index not only causing you to lose money but more importantly, the opportunity to make money elsewhere through compounding effect.
Make 2021 your new investment goal - put 10% of your monthly income aside for investment. Starts the habit , it takes time to build. But once you see the results, you will be motivated to stay on course. It is the same as signing up for a gym membership at the beginning of the year. What's your goal? To get 6 pack ? To lose 5kg ? To run a marathon ? Every goal requires different sets of training. Identify one and craft suitable training regime to reach your goals.
Or else, you will be all dressed up and walking around the gym like a lost soul not knowing what to do and soon, over time, you will not want to go anymore.......just like investment
STI SETTLES IN A RANGE 2925-3020The 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 positions below 2989 to test 2906 and 2782
STI retracementAm 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
STI SUPPORT AT 2780With 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 and 2989
Short below 2780 to test 2719 and 2422
STI (Straits Time Index) - SGX - Continue Bullish5 hours ago
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STI (Straits Time Index) - SGX - Continue Bullish
STI TARGETS 2782Short 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 have short term sell signals across the board. Keppel Corp is leading the decline in the shipping related components.
Pivot 2975
Short positions below 2975 to test 2782
Long positions above 2975 to test 3010
STI watch the range break 2983-3018STI is bullish on both the short and medium charts with targets at 3108 on the monthly supertrend line.
Watch the range for a break between 2983 and 3018.
Pivot 2936
Long positions above 2936 target 3108
A break below 2936 will test 2906 and 2813
SG: SIA ... to continue its fallLooking at the SIA weekly chart, it is obvious that there is a lower high, and a concomitant failure of the 55EMA. 4.15 is the final support, breaking down of this level means more downside.
The MACD, RPM and Volume Divergence are all supportive of the bearish outlook.
Possible to revisit its last low... around 3.50
STI 3108 THEN WHAT?The STI continues its climb to test 3108.
Pivot 2920
Long positions above 2920 to test 3108 and 3270
Short positions below 2920 for 2871 and 2813
Looking at the monthly chart of the STI since 2007, the STI has been in a broad range between 2580 and 3898. A break of 3108 will test the 2 year downtrend cap on price since 2018. A break and hold above 3270 most optimistically tests the 2018 highs at 3646 (20 percent upside). A failure to break 3108 will likely test the 2020 lows at 2199 (30 percent downside risk).
An investor needs to consider the risk reward ratios when money is put at work. A range market poses considerable risk as there is no observable trend since 2007 to follow especially for those who look to build portfolios for the long term. Range markets favors the technical/swing traders and puts long term holders of stocks at risk.
STI BREAKS RANGE, TARGETS 3108After 5 weeks of hibernation, the STI breaks range and targets 3108.
Property and bank components are leading the charge.
3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018.
The SSSA line on the monthly charts sits at 3270.
Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend.
Pivot 2892
Long positions above 2892 targets 3108 3270
A break of 2892 will test 2856 and 2792
STI Rangebound, Quiet close for December 2020The range between 2786 to 2873 maintained.
The short signal issued on the 301120 at 2841 targeting 2767 is still VALID.
PIVOT 2872
Short positions below 2872 targeting 2783 and 2668
A break above 2872 will target 3108
STI WATCH BREAK OF THE RANGE 2783-2872The STI has been entrenched in a tight range since for 4 weeks between 2783 and 2872.
The short signal issued on the 301120 at 2841 targeting 2767 is still VALID.
PIVOT 2872
Short positions below 2872 targeting 2783 and 2668
A break above 2872 will target 3108
STI BULLISH ABOVE 2877STI short signal on 301120 still valid with a 2767 target.
PIVOT 2877
A break above 2877 will test 3108.
A pullback from 2877 will test 2783 and 2767
SG Market Technicals Ahead (7 Dec – 11 Dec 2020)The Straits Times Index (STI) retraced -0.56% (-15.93 points), implying the play of the weekly Bearish Shooting Star candle highlighted last week. This retracement also coincide with the gap resistance zone of 2,900-2,960 levels.
However, STI have exhibited its first major moving average golden cross (50DMA vs 200DMA) which was last witnessed in March 2019. The significance of this major MA golden cross is a midterm predictor for direction of its market index in the next 6-9 months. The major support to watch at this junction is at 2,785 level, a minor classical support established last week.
