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STI

Singapore Straits Times Index (STI) has Dark Cloud Cover issues!Technically, this is a classic pullback all set up... A strong rally to the upside based on vaccine elation supported by financials and sectors for "going back to Normal" followed by a Dark Cloud Cover candlestick pattern that was confirmed with a Gap Down. It is just above a range support, but breaking into the next Gap Down range (below the red line) would be very bearish. MACD is showing a bearish cross down Similarly the Relative Price Strength has crossed down What this means is that to keep up with the bullish rally, there needs to be a much greater upward push... which is less probable than the easier downside retracement. Still, this downside may be quick, shallow and a set up for the bigger picture in 2021...
TVC:STIShort
by Auguraltrader
STI BEARISH ON ALL TIME FRAMES. WATCH 2448.The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions. The STI short signal on 281020 the day charts was the last line in the sand to trim positions. STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200. Only a break and hold above 2509 will resume ST selling pressures. The STI has been on a MT/LT DOWNTREND SINCE THE SHORT SIGNAL WAS ISSUED ON THE WEEK CHARTS ON THE 5TH OF OCT 2019 LAST YEAR.
TVC:STIShort
by gekkohot
How much more to fall for STI ?Maybe the locals here love STI more than anything as they are familiar with it. I have shown you guys before here why I prefer investing in US indices over STI. Again, no right or wrong, it depends on your level of comfort and preferences. Today, the government announced an important piece of news , read here. . For those who are looking to invest in local stocks should pay attention to this news as it means a return to normalcy (at least 50% of pre-Covid 19 days, I hope) as workers are returning to office, entertainment pubs can reopen, restrictions lifted for sports facilities, etc. We are about 3 months away from year end and if this reopening does coincide with the festive seasons like Christmas , it may be a good boost to the retail markets. Of particular interest, I am watching some stocks that I either have invested or intend to take a position; these include but not restricted to Suntec City Comfort Delgro Genting Singapore DBS Bank Wilmar , etc. Also, December is a school holiday month and if certain travels are allowed, this would also boost the much needed retail therapy and travelling that many missed. You would note from chart that DBS bank has a very close pattern with the STI as it is one of the main component stock of STI. Yes, DBS is also embroiled in some way with the 2 trillion money being laundered. Not sure how long the investigation would take, but I guess it may takes a while.......So, no hurry to scoop up the prices as you can see there is some more room to fall..... Hang on there guys, light is at the end of the tunnel , stay positive .
TVC:STI
by dchua1969
TAAT : Trading IPOsTAAT IPOed on the Canadian Stock exchange on the 24th of June this year. It had returned 39% over the past 3 months over some optimism on its E-cigarettes business. Vanguard Subscribers were asking how to trade this particular stock. Multiple Time Frame Analysis show an UPTREND in all timeframes from the 4hr to the Monthly Price trades above the Supertrend line on all time frames : UPTREND Price is UPTREND above the Ichimoku Cloud SSSA/B lines Technique : Aggressives buy when price retreats and bounces as close to the Supertrend line as possible and place stop loss on the SSSA line . Once price clears the Supertrend line comfortably, raise your stop loss to the Supertrend line. Conservatives buy when price breaks through SSSB line and re-emerges from below to above the SSSA line. Buy on the first candlestick close ABOVE the SSSA line. Target Price/EXIT : Sell only when your stop loss is hit = Supertrend is violated. If your initial trade had been successful, a raise of your stop loss from the SSSA line to your Supertrend Line would have given you a risk free trade covering your commission and cost of your trade.
CSE:TAATEducation
by gekkohot