Oct 14, TA for STI

Oct 14, TA for STI

• Trend - Down (but index finally trade above 20D MA)
• Momentum - Stochastic signal shows near overbought and RSI shows moderate slight upward. 
• Candle - Shooting Star. The past 3 candles had been unsuccessfully to bring down the index. 
• Volume - Average on 50D MA, but 14D MA is edging up showing some buying momentum. Signal doesn't look like "dead cat bounding". 
• Pattern - Index is at the top of the downward slop. 

STI 2700 is an important Fibonacci support, once it goes below it - indicate that index will fall further down and if it is above - indicate that index gains support and trading above this resistance 2700 which is now a support.  The long the candle is above 2700 and above 20D MA, shorting might not be a good momentum, as a new higher LOW is forming. As long as index is within this 2700, the direction will not be that easy to trade. 

OCt 11, TA for SIA

Trend - Side,
Momentum - Moderate
Support  - see the TA screener
Resistance - see the TA screener

For SIA, it is now into Side and trading on an upward slope formation. It is now trading above the 50D MA and 20D cross over 50D. All those are positive signs.  At Discounted NAV, SIA is another value investing counter.

Oct 11, TA for Global indice

Over the past few days, momentum have improved and FTSE (London Exchange) had broken the 14D peak. DJI and S&P are too testing the peak. FTSE - 28D Pattern has disappear which means the last trade has broken the "downward channel" spell and FTSE is trading above the 20D and 50D MA. This is sign of stable or side trending.

Oct 11, TA for NOL

Oct 11, TA for NOL,

Trend - Side
Momentum - Moderate or flat
Candle - Doji (indecisive)
Volume - 0.7x
Pattern - 40D Symmetrical, 28D Descending
Support - 1.14
Resistance - 1.04

Currently,  NOL is at below NAV and trending into SIDE (Stable). It is not starting to trading into a narrow band. It is a sign of some bullish. A good value investing counter for long term.

Oct 10, TA for HSI

Oct 10, TA for HSI

Trend - Down
Momentum - Oversold
Candlestick - Hammer (bullish reversal)
Volume - 1.4x

From HSI weekly chart, as mentioned in my previous post on performance chart. HSI is the worst index. It has tasted the 16,200 lowest LOW before closing above 16,700. While other global indices are trending in Wave B and strongly supporting the level. HSI had broken the support and testing new LOW - A strange index after all, when compare to other index.

If HSI breaks the 16,700 (It is aligned with Fibo 61.8%), then it is about time to look at the FA-HSI and start your bargain hunting position. As we are not too far away from the last 2008 low, and no-one can ever predicts the stock pricing movement. Stocks that exhibits Value investing with proper yield is already a good pick. To combine both FA + TA entry is when TA trend spotter indicate "SIDE", then entry should be more safe, but unlikely you can pick up the lowest point. Trying to pick at the lowest LOW is LUCK.

Oct 10,TA for STI

Oct 10, TA for STI,

• Trend - Down
• Momentum - Oversold
• Volume - Slight above Average
• Candlestick - Shooting Star (Bearish reversal)
• Pattern - Downward Channel

From the daily chart, STI had rebounded from the 2522 and heading north to 2650, however the momentum is now blocked with a "shooting star" Bearish reversal.  If STI can recover back to 2700, then we are still pretty much in Wave B.  However, if the momentum is still in downward for another week or so, then likely we will head south to 2238. 

From the weekly chart, the candlestick shows bullish reversal. It is contradicting to the daily chart. Personally, we will need to see another week of clear candle to see how market is responding to those news.