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)