STI is still resisting at the 2770, sitting nicely on 50D and 20D. Take note of the low trading volume.
Dear viewers, I am moving from blogspot "ckhpaul.com" platform to another membership platform known as "Geckochart.com". It's free as promised - if you like this blog. Do follow me to the new site, as I will be featuring more screeners and SGX announcement to ensure that we made little money for our investment. Please registered as FREE "Regular Member", to see more information or SGX/HSI/Currency screeners.
7/12/11
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.
4/12/11
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
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.
Subscribe to:
Posts (Atom)