Shanghai Stock Exchange (SSE) – baby shooting star but…
Today Shanghai Stock Exchange displayed a baby shooting star but it comes with a higher volume. Small candle with high volume at the top is not a good sign. Therefore watch SSE closely as it may affect HSI and also STI.
QAF – Can it break the resistance?
With Dow in the sea of red, can QAF buckle the trend and move higher? Resistance to watch is 0.98.
May 27 2013 Singapore stocks, regional markets and more with Jonathan Tan
Volatility is finally back into the market with Nikkei dropping 7% in a day. US market also being affected by Ben Bernanke’s statements and with bad China numbers, also pulling Hang Seng lowers. Straits Times after a shooting star went down spectacularly on Thursday. Will this be a late sell In May moving forward? With Reits already went lower, what Singapore stocks to look out for? Is it time to buy cheaper? Find out what it is in this week video edition.
See you this Saturday…
For those already registered for Saturday 2:00PM Charting Academy seminar, please do come at least on time or else there may not have seats available. Previously my events are always standing room only even if you come on time. For those that did not manage to register, I am working to see if I can get the next date scheduled. See you on Saturday.
Topics to be shared includes Sell in May and go away seems to come late this year as compared to the previous 3 years. With only 1 week left, can it still happens and what to look out for in June and July which is always the volatile summer?
Click here for Seminar Details and location
Straits Times – short term support has to hold
It has been a very bullish run for Straits Times over the past few weeks. Over the last 4 days, it has black body candle. If STI breaks 3425 short term support, it may signal a profit taking.
FBMKLCI – after the GE13…
Aftermath of Malaysia’s election, intermediately the day after, FBMKLCI formed a very high volume shooting star. Over the past 2 weeks after the elections, FBMKLCI has been trading within the shooting star. On Wednesday, it formed a bearish engulfing and Thurs confirmed the bearish engulfing candle. Which means caution on the long position is needed and do protect your position by setting a trailing stop.
Singtel – can this star do its wonders?
Singtel formed a shooting star on Wednesday. Is this going to signal a profit taking after such a strong upside over the last few months?
May 13 2013 Singapore stocks, regional markets and more with Jonathan Tan
Market continues to go and going even higher. This week is Options expiration week and US market should be getting volatile. In this video there is also a special education section on how I trade the GBPUSD highlighted in last week’s YouTube video. For Singapore stocks, there are a few counters to take note of namely Cosco, KepCorp, GoldenAgri and IndoAgri. Are the highlighted counters bullish or bearish? Find out what it is in this week video edition.
There is also a special promotion for those wanting to meet up with Nick Vujicic
Cosco – selling exhaustion seen?
Cosco after a high volume selldown, today formed a hammer candle. Could it be time for a technical rebound?
Kepcorp – bullish engulfing candle seen…
KepCorp has a bullish engulfing candle at weak fibo support and also strong rising window support.
