Market Technician

DairyFarm (D01) During my SGX webinar on 22 May, sharing with participants on swing trade opportunities after Dairy Farm breakout from US$8.65 resistance. The breakout candle was weak as we saw a half bullish candle, thus we expect price to retest its US$8.65 level before rally is to continue. This provided traders with swing trading opportunity, +US$0.25 (US$8.65-US$8.90)

Click on above for registration.

Straits Times Index (FTSE STI) For April, STI made new high as it closed at 3,613.93, the index last visited this level on 7 Dec 2011. However, STI has also reached its 423.6% Fibo level with MACD (Monthly) is hovering near the upper end of its bullish, which may potentially prove to be a foppish signal. But with its Heikin Ashi bars continues trading in bullish momentum, we will continue our bullish call on STI. Forecast Direction:  Upward towards 3,700 Alternate Direction: Sideways range between 3,450 Dow Jones Industrial Average (DJIA) Bulls and bears struggling to gain control. DJIA managed to breakout from its downtrend line (Weekly) but is struggling to maintain its bullish momentum with the small Heikin Ashi body for the past few weeks. We want to see stronger buying actions from the bulls for the index to resume uptrend. Forecast Direction:  Sideways range between 24,000 - 24,900 Alternate Direction:  Downward towards 23,400 Hang Seng Index (