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[Analysis] Straits Time IndexDuring 2020 , the meltdown in the market fueled by Covid19, Singapore market dropped from the high of 3411 to 2206. This is a 1205 or a 35% drop in the market. However price have manage to price a support from 2450-2650, a support that was held strongly during Nov 11 and Feb 16. This support have also created a higher low, the previous low being at 1630 during Aug08. As long as this support (higher low) is held, prices will be seeing higher days towards the end of 2021 and early 2022.
TVC:STILong
by NimbusCapital
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
TVC:STI
by gekkohot
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.
TVC:STIShort
by Auguraltrader
2
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
TVC:STI
by dchua1969
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
TVC:STIShort
by gekkohot
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.
TVC:STI
by gekkohot
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.
TVC:STI
by jfsrevg
STI support at 2767A short signal issued on 301120 on the 4hr signals a pullback to test 2767 ST line on the dailies. This is considered a pullback as price is still above the cloud on the 4hr. Pivot : 2873 A Break above 2873 will test 2920 then 3108 A bounce below 2873 will test 2767 then 2671 The STI is bullish short term and medium term. A long signal on the weekly charts was issued on the 071120 at 2693 targeting 3108. The STI is still in a Long Term downtrend that started on 011018
TVC:STI
by gekkohot
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