In last week, STI falls 15 points from the opening of 3195 and close lower at 3180. A black candle sticks with lower shadow indicates that investors continue to take profit off the table as index approaches the 3214 resistance. Key Economics Data report: The coming week economic data holds the US ISM manufacturing survey, [...]

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Shown above are the quarterly chart (3 months) for the STI from 1987 till now (24 year data). Let go through some history of our Singapore Market Blue Zone (Jan 1990 – 1993) STI have been consolidating between the key resistance of 1530 and key support of 1350 (Around 10% variation) for the whole of [...]

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On Friday, SGX continue to trend downwards and closed at $7.80 with LOW volume of 4.1 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar. Both RSI & MACD are bearish as RSI continue to [...]

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On 29/April, Singapore shares end lower Friday as investors booked profits ahead of the long Labor Day weekend. STI ended lower at 3179.86 (0.2%) with LOW VOL of 1.03 billion shares traded compared with 1.03 billion shares Thursday. In the broader market, losers outnumbered gainers 302 to 137. Today investors continue to take profit as [...]

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On Thursday, Straits Asia broke the resistance at $2.89 and closed at $2.92 with HIGH volume of 21.05 million shares traded. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows [...]

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