SG SESSION (Sitting at 200Days SMA with a Bullish Reversal Signal)
Some observation of the current development in STI:
STI is currently sitting on top of its 200 Days Moving Average (200SMA),
It is also sitting on its 20 Days MA Lower Envelope Boundary, which STI has a tendency to bounce higher off it over the past 3 months.
Wednesday (3rd August) was a Bullish Reversal Candlestick Pattern (Doji Star), and it’s currently been supported to establish a swing low
The imminent establishment of support by Wednesday’s Doji Star candlestick pattern will affirm the mid-term bullish trend channel as highlighted in the chart above.
G SESSION (Bearish Wedge Formation Played Out)
The Straits Times Index (STI) broke down its Bearish Wedge Formation, closing the week with a -2.6% (-76.66 points) during the week. The Bearish Wedge Formation and signs of imminent correction in STI was highlighted during last week’s technical outlook. You may refer to the posting over here.
The bearish play in STI was specially significant on friday’s closing (29th July), with the market gapping down and closing near the low with high transacted volume. This implies a meaningful effort and pressure in keeping the component stocks at their day low even with the accumulation of buying interest stepping in.read more
We would like to thank Shareinvestor and AceProfitsAcademy for featuring SingaporeStocksTrading.com in this year’s Invest Fair! Looking forward to more opportunities ahead!read more
SG SESSION (Bearish Wedge Formation In Play, Signs of Imminent Correction Ahead)
The Straits Times Index (STI) continue its rally of +0.7% (+20 points) during the week, trading towards its 2016 year high of 2,965 level.
However, STI is currently displaying a Bearish Wedge Chart Pattern, accompanied with several bearish signals awaiting for breakdown of price. Bearish Divergence is observed in Force Index along with MACD Histogram as the absolute prices trends higher towards its upper band 20MA envelope and immediate horizontal resistance level, signifying a greater likelihood of correction ahead.read more
‘Winning consistently in the stock market is directly related to how successfully one loses.’ Have you heard of this?
Just to make this revolutionary truth stick, I’ll say it in another way: knowing how to lose correctly is the cornerstone of any successful trading methodology. So enjoy the ride while it lasts. this may sound harsh, but this is reality. To think that you will not lose….read more
Yesterday, we concluded the 30th batch of our 2 days Monthly High Probability Trading Intensive Mastery Training Workshop of traders! This is the second batch for the month!
We have managed a milestone of 30th batches of traders within just 20 Months with a total of 1,560 student trader, the most popular professional trading program in Singapore! We stand firm in educating real professional trading knowledge, and 100% trade transparency and guidance to our traders during their development!read more
SG SESSION (Bearish Wedge Formation In Play)
The Straits Times Index (STI) staged a strong rally of +2.8% (+78.31 points) during the week, breaking out of the range of 2,880 resistance and 2,830 window support zone as highlighted last week.
However, STI is currently displaying a Bearish Wedge Chart Pattern awaiting for breakdown of price.
The levels to watch for the week are 2,905 resistance turned support level, along with this year’s all time high level at 2,965 (immediate resistance).read more
Yesterday, we concluded the 29th batch of our Monthly High Probability Trading Intensive Mastery Training Workshop of traders! We have managed a milestone of 29th batches of traders within just 20 Months with a total of 1,500 student trader, the most popular professional trading program in Singapore! We stand firm in educating real professional trading knowledge, and 100% trade transparency and guidance to our traders during their development!read more
SG SESSION (Trading within a Tight Range with Imminent Breakout Ahead)
The Straits Times Index (STI) went through a lacklustre week of +0% (+0.67 points) in last week’s session, trading within its tight range of 2,880 resistance and 2,830 window support zone.
As highlighted last week, STI remains resisted by its major resistance at 2,880 level accompanied with Bearish Divergence observed on MACD Histogram and RSI against its absolute price.
The levels to watch for the week are resisted level of 2,880 level due to the strong closing of US Friday’s session fuelled by its Non-Farm Employment Change data. The next resistance to watch for is at 2,911 level.read more
Due to the overwhelming response and request , we will be conducting this seminar again this Monday Evening!read more
- The 6 + 1 System For Financial Stability
- 31st batch of High Probability Trading Intensive Mastery Training (August) concluded!
- Thank you Invest Fair 2016!
- Losses are part of a Winning Trader
- 30th batch of High Probability Trading Intensive Mastery Training (June) concluded!