On Thursday, Noble re-tests the resistance at $1.085 and closed at $1.085 with LOW volume of 30.76 million shares traded. A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). RSI & MACD are bearish though [...]

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On 17/May, Singapore shares ended lower on continued worries over Europe with Greece preparing to hold fresh elections in June. STI ended lower at 2822.61 (0.3%) with LOW VOL of 1.20 billion shares traded compared with 1.47 billion shares Wednesday. In the broader market, losers outnumbered gainers 194 to 159. Today STI undergo profit taking [...]

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On Wednesday, Capitaland re-test the support at $2.63 and closed at $2.66 with regular volume of 10.34 million shares traded. A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). Both RSI & MACD are [...]

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On 16/May, Singapore shares ended lower due to worries Greece is edging closer to an exit from the euro zone after week-long coalition talks failed to form a government. STI ended lower at 2831.15 (1.6%) with LOW VOL of 1.47 billion shares traded compared with 1.64 billion shares Tuesday. In the broader market, losers outnumbered [...]

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On Monday, NOL broken the support at $1.05 and closed at $1.045 with regular volume of 10.53 million shares traded. Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. RSI & MACD are bearish though RSI in [...]

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