The 6 + 1 System For Financial Stability

You want to control your money, but where do you start? The 6 + 1 System provides seven easy-to-follow steps for achieving financial stability: No consumer debt, rainy-day savings and the ability to save cash for both retirement and life goals like vacations, cars and your next home.

[Week #40] 26th September – 30th September Singapore Market Technical Outlook

SG SESSION (To Retest 2,865 Gap Resistance Level)

The Straits Times Index (STI) ended the week with a gain of +1% (+29.5 points), recovering from the major support at 2,790 as highlighted last week (http://singaporestockstrading.com/2016/09/18/week-39-19th-september-23rd-september-singapore-us-market-technical-outlook/).

At the current junction, STI has been resisted by the window resistance (gap) at the closing level of 2,865 level but it is likely to see a retest on Monday, based on the strong price action at the closing session of last friday.

[Week #39] 19th September – 23rd September Singapore Market Technical Outlook

SG SESSION (Rebounding from 2,800 Critical Support Level)

The Straits Times Index (STI) ended the week with a loss of -1.6% (-44.88 points), erasing all the gains from the previous week.

At the current junction, STI is recovering from a Bullish Reversal Candlestick Pattern from thursday session towards the immediate resistance at 2,850 level.
As the 2,800 major support level continues to act as a critical pivot level for STI (highlighted last week http://singaporestockstrading.com/2016/09/12/week-38-12th-september-16th-september-singapore-us-market-technical-outlook/), the violation of this level is likely to infuse strong selling pressure towards 2,720 level.

SG Stocks To Watch (ThaiBev)

ThaiBev has reflected a Bullish Reversal Candlestick Pattern (Bullish Engulfing) at the close of the session, coinciding with a major support and price congestion at $0.915 level with volume exceeding its 50 days average. This reflects bullishness on the counter with a potential recovery to maintain its uptrend intact, towards its immediate resistance at $1.045 level.

SG Stocks To Watch (Yanlord)

Yanlord has reflected a Bearish Reversal Candlestick Pattern (Shooting Star) with today confirming the imminent correction, losing 2.92% intraday. With Stochastic oscillator also at overbought level, signalling with a bearish crossover, it is likely to see Yanlord continue is correction towards the price congestion level at $1.285, coinciding with a price resistance turned support level.