STI last trading day of 2014, where are you?

STI break resistance show strong move (which surprise me) but decrease in volume, year end rally or window dressing by institution the reason not important for me, question is whats next?

The chart pattern show a reverse Head & Shoulder pattern and STI just break up looking good, follow up if hold above 3360 point and eventually break 3390 point with volume is good for new up trend but if fill the Gap and fall back to congestion zone will have another round of side way ranging. 

3200 point is the support to watch, if next year make a lower low shall prepare for a bear coming.

Merry Christmas to all Viewer!

Wish all viewer have continuous great gain from the stock market!

SembCorp Ind. price step its brake and rebound.

SembCorp Ind. price rebound from double bottom pattern, today face resistance with a dark cloud candle stick pattern, if strong enough shall break down trend line with increase volume, otherwise may test $4 support again. This stock is still down trending , not yet show sign of reversal.

Olam price at side way consolidation.

Olam price after it form a lower Low, it cannot break $2.50 and form a lower High. Now rebound from support and trade at an average range. Over all chart pattern look like a down trend to me.

Noble price getting lower near $1

Noble price show weakness even when STI strong rebound. Every rebound face selling pressure, Overhead resistance difficult to clear, $1 may be a stronger support. Can hold for how long?

STI this week sit on Roller Coaster

STI Gap down on Monday follow by a Big Down Bar, although it took back the loss but still trade back into the congestion area. 
Next 2 weeks are short week due to holiday season, STI can hardly make it above 3350 point unless increase in volume.

ComfortDelGro price show Sell Signal!

ComfortDelGro price break support trend line and neck line $2.51, down trend confirm! Unless price trade back above $2.65 and break $2.73 make another new high otherwise it shall test $2.36 support.

SembCorp Marine price strong rebound! Over Sold or reversal signal?

SembCorp Marine price over sold rebound strong big Up Bar with high volume! Short term trader already enter at $2.95 today break up, with yesterday volume pick up and stop loss at $2.85. Reversal may still early, price may test support again, trade counter trend rebound involve highly risk! Example Genting Sing.

ST Engineering price trade Lower

ST Engineering broke support $3.33 continue down trend. Counter trend attempt break resistance $3.39 but follow up failed to break trend line, form a Bull Trap.

SIA price need to take a break!

SIA price over extended, trader may start to take profit, retrace anytime! $12 above is a congestion area difficult to clear. $11.44 Gap is the stop loss.

Keppel Corp time to reversal?

Keppel Corp price make another day low, a Doji candle stick. If tomorrow Gap up covered the the $8.10 gap with a up bar may be better confirmation, $8.40 is a resistance to watch for break up with volume. Other wise further down side may continue.

DBS price break $20 make new High

DBS price is the strongest trend. If enter at $20, stop loss is $19.79 if price drop back below $20 into the congestion area may test support $19.30 again.

U.S. Dow this week jump off the cliff.

U.S. Dow finally react to the "Jump off the Cliff" pattern. Next week may keep falling, look for support and rebound.

STI time to make a decision

STI this week hold well when U.S. market drop, next week will it drop below 3300 point? 

Genting Sing open its Bet Up or Down?

Genting Sing price retrace after broke double bottom, now immediate support $1.075, resistance $1.17. This stock price still down trending, to buy on counter trend rebound is for hit & run trade, not recommend to hold.

German DAX also surprise me!

German DAX strong rebound from Lower Low, so strong that break several overhead resistance, break down trend line and eventually break previous peak and make New High! 

If it can hold above support and follow up increase volume, may form new up trend otherwise may end up side way ranging in the congestion area for a long time. DAX is the major index represent Europe stock market.

New Update on my Page --> The Crisis

Please take a look on the new update of my Page -- THE CRISIS.

U.S. Dow Jones keep surprising me!

U.S. Dow Jones this week break New High again! Chart look strong but I don't like it because no strong Base support and volume shrinking, the chart pattern look like moving towards the edge of a cliff. market doesn't move in one direction.

STI please suprise me

STI retrace on Monday with a Big Down Bar after last week fail to test resistance. Till today cannot take back it loss to 3350 point. Next week if break support line may continue down trend like this September, unless it can clear 3360 point with increase volume.

ShangHai Stock Exchange run too fast!

ShangHai Stock Exchange chart show a parabolic trend, usually cause by euphoria of the participate Investors. If it strong enough may repeat 2006 to 2007 trending up, otherwise may end up either side way ranging for very long time or correction to the opposite direction fast and furious! Anyway China stock market had Broke up from long term consolidate pattern.

SembCorp Ind price loss its brake

SembCorp Ind. price speed up falling, usually this is the first sign before touching the bottom, price will not move in one direction forever. 
Recognise the down trend pattern, fail to break resistance form Lower High and break support form Lower Low and so on. Now next support is $4.

SIA Engineering Also a Defensive Stock BUT...

SIA Engineering price broke up make new high on 24 Jul 2014 at $4.91 next few days was a series of selling down. Its price chart shows that if $4 support cannot hold, shall continue its down trend. May be its high dividend can ease the pain of the falling price.

ST Engineering Was a Defensive Stock.

ST Engineering once a Defensive stock since 26 Apr 2013 made a new high at $4.26 after that price trade lower. Until today this STI component stock still down trending, no sign of reversal yet.

SIA price take off and meet $11 resistance

SIA price make one year high, is it benefit from the drop of oil price? Chart told me this blue chip broke up trend line on 3 Nov 2014 was buy signal, now face resistance at $11. Should take partial profit and hold above $10.60, if the Gap $10.50 covered is not good for the stock.

Ezion price chart shows Reversal Candle Stick Pattern.

Ezion price had fell about 40%, today appear a pair of reversal candle stick pattern, if price break $1.27 and cover the Gap $1.325 and $1.405 this pattern is valid otherwise side way ranging is the better outcome than further down trend. If there is a rebound will be counter trend reaction until price found its own support.

SembCorp Marine price take Lift to Basement!

SembCorp Marine price chart has a similar pattern with Keppel Corp (Same Sector), now where is the support? Look back history price on 4 Oct 2011 lowest $2.54, you want to hold till there? 

Until today technical rebound may happen since the price had drop over 20% from $4.10 but price chart has no sign on Reversal yet.

Keppel Corp price move from Ground Floor to Basement!

Keppel Corp broke $9 support, next support is $8, $7.50, $7.. maybe more, however the price had drop over 20%, technical rebound soon due to oversold. This correction repeats 2011 price chart pattern. Still ask can hold or not?? Can you bear the pain or not?