Singapore Airlines (SIA : C6L) targets $7.00 and attempts to breLong term DOWNTREND SINCE 010908
Medium term UPTREND since 111021
Short term UPTREND since 311022
Singapore Airlines is 1 of 8 component stocks supporting the rise of the STI at the start of 2023.
The long signal for this recent run started on 311022 at the price of $5.21.
$7.00 is a significant target as it marked the start of last 7 year decline of the stock to a low of $3.20.
PIVOT 5.74
Long positions above $5.74 for $7.00 and $8.65
Short positions below $5.74 for $4.89 and $3.20
Quantstrategic
SPX 4291The SPX 500 is bullish on all time frames has closed at 4124 on 090420 since the long signal was issued at 4012 on 010421 on the day charts. Reference to Fibonacci Levels, 4124 was exactly 1 level from its low at 3855 and the next level is 4291.
PIVOT 3933
Long signal above 3933 for 4291 (FIBO 1.618) and 4560 (FIBO 2.618)
Short signals below 3933 for 3919 and 3700 (Weekly Pivot)
STI TARGETS 3406 TO CHALLENGE 10 YEAR RANGEWith 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 hit a low of 2203. We now see a test upwards of 3406 which may occur if the uptrend of the STI continues in the medium term.
PIVOT 3127
Long positions above 3127 for 3406 and 3664
Short positions below 3127 for 3000 and 2637
PLTR : PALANTIR TECH INC (NASDAQ)PLTR touched a high of 44.89 on 21/1/21 and has since given up 66% of its gains. Short term sell signals were issued on the 16/2/21 targeting the weekly pivot of 17.64.
17.64 must hold for the uptrend to resume in the medium term to retest the high.
PIVOT 26.03
Short positions below 26.03 to test 17.64 and 8.13
Long positions above 26.03 to test 26.97 and 29.61
AMERICAN AIRLINES rebound approaches $28.27American airlines has been on a Long term downtrend like Singapore airlines since October of 2018. The pandemic accelerated that downtrend to a low of $8.25.
A long signal on 9/11/20 at the price of $12.70 targeted the monthly pivot at $28.27
As we approach the rebound target, the daily support will play an import pivot as an over head resistance in 27 month downtrend.
LONG TERM DOWNTREND SINCE 011018
MEDIUM TERM UPTREND SINCE 301120
SHORT TERM UPTREND SINCE 091120
PIVOT 21.23
Long position above 21.23 for 28.27 and 36.54
Short positions below 21.23 for 18.42 and 17.31
SPX BREAKS 4000Following my last post, the daily Supertrend line at 4011 was broken on 010421.More significantly, the SPX starts of the trading month of April 2021 positive bullish in the long term since the bullish breakout of the Supertrend line at 3654 on 011220. The disposition of the SPX 500 is now BULLISH on all time frames.
Attach also is the Fibonacci Extension projection for new ALL TIME HIGH price targets on the daily charts that sets 4124 (1) and 4291 (1.618) RESPECTIVELY.
LONG TERM UPTREND since 011220
MEDIUM TERM UPTREND since 01020
SHORT TERM UPTREND since 270321
PIVOT 3891
Long positions above 3891 for 4124 and 4291
Short positions below 3891 for 3626 and 3221
STI ENDS MARCH 2021 BULLISHThe 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 components providing the tailwind to the STI for the past month. The REITS are building a base led by MAPLETREE COM TR and the banks are very bullish. Property counters like CAPITALAND, CITYDEV and UOL are showing strength.
LONG TERM UPTREND SINCE 010321
MEDIUM UPTREND SINCE 071120
SHORT TERM UPTREND SINCE 250221
PIVOT 3115
Long positions above 3115 for 3411 and 3664
Short positions below 3115 for 3037 and 2974
WILL THE SPX MAKE 4000 BY END OF MARCH? A strong rally towards the last 4 hours of trading in the US SPX 500 pushed short term indicators back up with a long signal now at 3950 on 270321 with a task of breaking 4011, the supertrend overhead resistance on the day charts. Long and medium charts looks poised to close of the month of March in record territory.
PIVOT 4011
Long positions above 4011 for new all time highs
Short positions below 4011 for 3872 and 3554
STI BUILDS ON THE BREAKOUT, 3406 NEXTAll 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 3076
Long positions above 3076 target 3188 3406
Short positions below 3076 target 3011 2813
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 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
SPX short term weakness, 4011 PIVOTThe short signal from 3812 issued on 260221 persists with the SPX closing at 3909 into the end of the trading week of 190321. 4011 must be broken to the upside for the medium and long term UPTREND to continue. the weekly pivot at 3554 remains strong support for a bounce if price corrects further beyond 3720
PIVOT 4011
Short positions below 4011 to test 3828 3554
Long positions above 4011 to make new all time highs
SPX IMMINENT TEST OF 4000The buyers on the dip at 3725 on the 5th of March staged a bounce with a long signal at 3870 on 080321, setting an intraday high of 3959, 41 points short of 4000. The overhead pivot resistance on the daily charts at 4011 seems to be within reach next week.
PIVOT 4011
Short positions below 4011 targets 3878 and 3554
Long positions above 4011 target all time highs
Long term UPTREND since 011220
Medium term UPTREND since 010620
Short term range between 3878 and 4011
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
BITCOIN Update Mar 2021Bitcoin broke $1000 on 010217 and hit a high of $19,666 by 011217.
It took a breather for 18 months and then broke out on the month of June 2019 at $9528.
After holding the base support at $4000, a buy signal was issued on the daily charts on 111020 at $11,353 targeting its ATH of $19,666 (011217).
It broke through target on 161220 and established a high of $58,354 on 210221.
In the short term, the daily buy signal issued on 111020 at $11,353 has now ended with a break of the daily supertrend line at $46,776 (profit of $35,423 or 312% for a system based swing trader) A short signal has also been issued on the 4hr charts at $53,402 targeting $42,372.
Long term trend is UP since 010619
Medium term trend is UP since 270720
Short term trend is down since 220221
PIVOT 42372
Long positions above 42372 to target 49804 58550
Short positions below 42372 to target 34017 26775
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
SPX : Short term weakness before 4000?The SPX is going through a short term correction at 3928 on 170221 targeting the Daily pivot at 3810.
Long Term trend UP since 011220
Medium Trend UP since 010620
Short term Trend UP since 040221
PIVOT 3810
Long positions above 3810 targets 3952 and All time highs
Short positions beloew 3810 targets 3554 and 3442
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
SPX500 ALL TIME HIGHS READY FOR 4000Multiple time frame bullishness for the 2 week of Feb 2021 may just give enough tailwind for the psychologically optimistic target of 4000 in the coming week.
The long signals on the 4hr charts issued on 020221 at 3820 is progressing well with the index closing at 3940 on 120221.
PIVOT 3772
Long positions above 3772 to make all time highs with potential for 4113
Short positions below 3772 to test 3782 and 3569
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
SPX RALLIES ON IN FEB 2021Short term composure has been regained by the long signals issued on 020221(4hr) and 040221(daily) charts targeting new highs. The long and medium charts are still in a strong uptrend.
PIVOT 3692
LONG POSITIONS ABOVE 3692 TO NEW HIGHS
SHORT POSITIONS BELOW 3692 TO TEST 3553 AND 3454
SPX weakens at the start of Feb 21The SPX broke its daily uptrend since the 051120 at 3471 at Friday's close breaking the 3726 supertrend daily support. Shorts on the 4hr at managed to bring prices down below the SSSB line on the cloud closing at 3705.
Pivot 3828
Shorts below 3828 targeting 3539 and 3302
Long only if 3828 breaks above to retest 3863 to reclaim All time highs