On Thursday, Wilmar re-test the major support turned resistance at $6.02 and closed at $6.01 with HIGH volume of 16.57 million shares traded. A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference [...]

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On 30/Sept, Singapore shares end lower Thursday as some investors prefer to take profit due to uncertainty ahead. STI ended lower at 3097.63 (0.3%) with LOW VOL of 1.65 billion shares traded compared with 1.98 billion shares Wednesday. In the broader market, losers outnumbered gainers 354 to 152. Today traders continue to cash in though [...]

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On 29/Sept, Singapore shares end higher Wednesday as market sentiment got boosted by a better-than-expected business sentiment in the Bank of Japan’s quarterly tankan survey. STI ended higher at 3106.03 (0.3%) with regular VOL of 1.98 billion shares traded compared with 2.52 billion shares Tuesday. In the broader market, gainers outnumbered losers 307 to 180. [...]

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On Tuesday, Cosco re-test the major support at $1.90 and closed at $1.80 with HIGH volume of 40.35 million shares traded. An engulfing bearish line occurred (where a black candle’s real body completely contains the previous white candle’s real body).  The engulfing bearish pattern is bearish during an uptrend and signifies that the momentum may [...]

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On 28/Sept, Singapore shares end lower Tuesday as investors are worried that Beijing may launch more policies to cool property market. STI ended lower at 3097.35 (0.5%) with HIGH VOL of 2.51 billion shares traded compared with 2.51 billion shares Monday. In the broader market, losers outnumbered gainers 476 to 107.  Today STI had a [...]

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