CollinSeow.com – Singapore Remisier Stocks Blog

My personal view on STI, please draw your own conclusion.

STI has broken down from the 40 and 50 Moving Average. Can consider to lock in your profit.

(Sell on strength but does NOT mean short)

20 MA and 40 MA are flat . CCI already high indicating the wave are already near max.

At best we are on a sideway.

STI support 2570 which is also at sloping up 100MA.( Long term can consider buy but NOT now)

following up on capitaland post,

The capitaland has broken down the uptrendline and fail to rally above the uptrendline ….TWICE.

Leaders lead the market. China stock market is a leader .They have move up more than any market in Asia.

We can see from here that after 2 buy signal in mid Mar , the CSI system has a sell signal on 13/08/09. Currently it is still a stay out signal.

Technical speaking, the 100MA (yellow ) is not providing the support. Looking at the magnitude of the fall, they maybe a short rally before testing the 200MA (red).

For STI , I will remain cautious as the leaders has already show weakness.

follow up post on capitaland , today will be trigger for short for capitaland. stop loss will be above the trendline.

weekly chart , we are seeing a divergence in the momemtum and the STI, ie momentum is dropping.

STI daily chart , STI is now in sysmmetrical triangle , this chart pattern is a continuation pattern.However the STI need to break out of this triangle to confirm the continuation of the uptrend.

My personal view.