5 hours ago Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. STI (Straits Time Index) - SGX - Continue Bullish
Here are the key levels to watch on STI, overall direction is bearish as long as price holds below the trendline and a break below our pivot level could trigger a further drop
These are the key resistance and support area for me now, if prices reversed below our resistance area, a break below our green trend line could give the confirmation of a further drop to our support area
2000 - 1500. hope that holds! it is consistent with global markets, as per covid19 pandemic.
As predicted in our post of April 6, STI finished a primary degree bullish triangle and is now trending up. It seems to have finished wave ii and entering wave iii up. The most probable target is at the 3,240 level, which would total 27% of gains in around 2-month period. We may revise this analysis if prices cross down 2,480. FOLLOW SKYLINEPRO TO GET UPDATES.
STI finished cycle wave 4 and it is now tracing the initial stages of cycle wave V , which could offer up to 150% of gains during the next 3 to 5 years. This scenario should be reviewed if prices crosses down 2,180. FOLLOW SKYLINEPRO TO GET UPDATES.
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...
STI finished a primary degree contracting triangle pattern that should initiate a long path upward from here. It seems to be tracing a 5 wave move up that will form a minor wave 1 pattern. Currently we should be beginning a minute impulse wave 3, the strongest of the impulse waves that should deliver from 14 to 24% returns up to the next 10-15 days. Price-to-book...
Dont rush be patient
STI is tracing minor wave 3 of intermediate wave C of primary wave E of a contracting triangle . When the minor fifth wave finishes its path, the index should shoot up in a long term trend move.
Looking for a symmetrical triangle
STI is Expecting Further Weakness - Broke Out of Re-distribution - Bearish Change of Character - 1stTP: 3100 2ndTP:3000
a break in the trend-line will bring price for a major correction into the blue box area.
STI has reached the critical price zone of 3465 , hitting the right shoulder pattern. With the crossover of MACD soon, I expect the market to turn soft a little next month with some pull back in price action before we see another surge later. Buy on weakness....
3 days of selling or profit taking to take off some heat. The last daily candle is bullish, closing above 21EMA. Bulls continue, bears retreat.
2 Options as we come to the crossroads soon. Option 1 : Breakout and pullback and head northwards to 4000+ price level Option 2 : Breakdown as per previous 2 attempts Analysts are expecting a breakout of 3500 , read news here www.todayonline.com I do not trade this index but use it as...
The Singapore STI just broke a downtrendline in the daily chart and still struggling to stay above it. It might meet the rising 200 MA and bounce higher.
Have not looked at this market for a while, but took a peep today and noticed a potentially sinister-looking H&S forming. right shoulder still under-developed, so keep an eye on this... #Singapore #STI
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