Dec 25, TA for STI, HSI and DJI

Dec 25, TA for STI

• Trend - Down
• Momentum - Upward swing from Oversold
• Support - 2640
• Resistance - 2780
• Candle - Doji
• Volume - 0.5x (festive mood)

Dec 25, TA for HSI

• Trend - Down
• Momentum - Moderate upward swing
• Support - 17980
• Resistance - 19200
• Candle - Doji
• Volume - 0.5x (festive mood)

Dec 25, TA for DJI

• Trend - Up (bullish)
• Momentum - Overbought
• Support - 11,700
• Resistance - 12,200
• Candle - White Soldier (bullish)
• Volume - 0.5x (festive mood)
• Pattern - Ascending Triangle (bullish)

For DJI, one thing to note is that it had attempted to break a long resistance level at 12,200. Market might be moving up cautious for DJI.

Dec 22, TA for STI

Dec 22, TA for STI

• Trend - Down
• Momentum - Oversold
• Candlestick - Gapup
• Volume - 0.5x
• Support - 2620
• Resistance - 2780 or 2700 (20D MA)

Dec 19, TA for STI, DJI and HSI

Dec 19, TA for STI

• Trend - Down (Range-bound trading)
• Momentum - Oversold
• Support - 2640
• Resistance - 2780
• Volume - Low
• Candlestick - NA

STI had broken the symmetrical pattern and forming a range bound trading pattern. With decreasing volume and a price down, it is showing sign of bullish reversal.

 Dec 19, TA for DJI

• Trend - Up
• Momentum - Moderate downward momentum
• Support - 11,800
• Resistance - 12,200
• Volume - 1.5x 
• Candlestick - NA

Last week, DJI was resisting at 12,200 unable to break through it. Index is now sitting tightly at 11,800 (above 20D MA and 50D MA) indicating a bullish. The ascending triangle formation still intact. 

Dec 19, TA for HSI

• Trend - Down (into a narrow bound range or symmetrical formation)
• Momentum - toward Oversold
• Support - 17,500
• Resistance - 19,200
• Volume - 1x
• Candlestick - NA

As mentioned in the last blog, HSI is still in symmetrical formation, such formation is a bullish reversal which also indicates trading range is tight and narrow - needs to see a breakout for a clear direction. 

Dec 12, TA for STI, HSI and DJI

Dec 12, TA for STI,

• Trend - Side
• Momentum - Moderate 
• Support - 2640
• Resistance - 2770
• Volume - Low
• Candle - GapDown with Doji (Indecisive)
• Pattern - Symmetrical Triangle (Bullish)

Last week, STI was resisting at 2770 and then a pullback to 2700 (indecisive candle). Volume was low for the past few days and 28D pattern was forming a symmetrical triangle. 

Dec 12, TA for DJI,

• Trend - Up (Above all MAs - Bullish)
• Momentum - Overbought
• Support - 11,220
• Resistance - 12,200
• Volume - Average
• Candle - Counter-attack (indecisive)
• Pattern - Ascending Triangle (bullish)

Dec 12, TA for HSI,

• Trend - Side
• Momentum - Overbought
• Support - 17,540
• Resistance - 19,200
• Volume - Low
• Candle - Gap Down
• Pattern - Ascending Triangle (bullish)

Dec 7, TA for STI

STI is still resisting at the 2770, sitting nicely on 50D and 20D. Take note of the low trading volume.

Dec 5, TA for DJI

Trend - Up

Momentum - Near Overbought

Resistance - 12200 (DJI now at resistance)

Support - 11200

Candle - doji + shooting star 

Volume - Average.

Last week, the recovery of the DJI was impressive. Things to observe was the insider news about the co-ordinated banks bailout occurred on last Wednesday, but on 25 Nov, the volume just disappear into half. This was a very usual volume especially for DJI, and such signal always indicated some form of bullish reversal - "Price down with low volume". However, DJI index is now trading at the past resistance level. Breaking through needs some strong economic data, else index should be trading momentously down.

Dec 5, TA for STI

Trend - Side
Momentum - Moderate
Support - 2640
Resistance - 2900
Volume - Half
Candle - hanging man (bearish reversal)

STI is at the trading range of 2900 and 2640, volume at half indicate poor momentum and Hanging man candle shown bearish reversal. 100D MA (2830) is to be watched as it co-exist with past resistance, STI had not been able to break the 100D MA.