hey traders, 2550 is a major weekly structure level on STI. just recently we saw its confirmed bullish breakout with a weekly candle close above that, now the market is retesting the broken structure and I believe that bullish sentiment will proceed. target levels are: 2700 2850 good luck!
STI had briefly broken down below the broadening pattern and quickly recovering back. If it stays inside the pattern then we should see it reach the top of the pattern. If not, it is headed for the previous long term support as per the pattern target. But in reality, it might do neither. I am assuming it will do a partial pullback inside the pattern and then...
As annotated in chart, it appears likely to punch further for a lower low, if not by this Wednesday 18/3, then by next Wednesday 25/3. Deviation criteria set but requires a massive rally, which currently looks with low probability, although not impossible.
STI could not keep above 3200. Along with bearish US indices, we are looking at near term target of 3145.
I know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with. I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to...
Singapore Strait Times Index ( STI) is still bearish with failure to break/close above important high. End of Sep concludes the end of 3rd quarter trading. If STI is going to close below 3200, this shows that STI is closing low towards the quarter. Targeting 2800 as a strong support.
STI index facing resistance around 3080. Above 3080 major price rise possible. price can retrace lower to 3050 where it can find support.
Looking At Daily Times Fram e Chart What I Predict For TVC:STI is: Breakout above Resistance 3120 Will Head It towards Its Next Big Hurdle 3180 Major Support Is 2955 (26 oct 2018 Low) and Psychological Support of 3000 For Next 2-3 Months Trading Range Can Be between 3200-2900
Since our last predictions on the Straits Times Index, the price has continued to fall from 3300 to 3000, and then below it. At this rate of decline, is there any support or bottom in sight? I generally do not like to do projections, because most projections are just guesses. The best way to know is to observe the price as it moves, then you will know when it...
Since my last call to short (on my blog and during my events), the STI has fallen about 5.5%, and has corrected 13.3% from the highs. This is the reason why I am bearish on Singapore stocks and have liquidated my portfolio a long time ago to focus on the US markets. I have a feeling price will continue falling until the 3000 support level. I will be watching to...