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Showing posts from January, 2016

STI Weekly Technical Outlook (4 - 8 Jan 16)

  Straits Times Index (STI) Technical View: Primary Trend (6mths or more) : Bearish Secondary Trend (1-6mths)     : Bearish Short Term(1mths or less)     :   Bearish Trading the Singapore Market Long Term Trades : Not Preferred Mid Term Trades  : Not Preferred Short Term Trades: Long Trade coupled with Short Trade Levels to watch: Resistance 2: 3,043 Resistance 1: 2,912 Support    1: 2,793 Support    2: 2,740 Probable STI Movement Preferred  : Sideway range between 2,800 - 2,900 Alternate  :  Downward trend towards 2,750 Remarks: STI likely again to maintain a sideway trading momentum with no resistance breakup or signs of strong uptrend. Thus, the blog maintained a sideway view for STI, with a possible short term downtrend alternative. Comments on STI Technical View Primary Trend is bearish as 55 Days SMA ...