Straits Times Index Daily (27.07.2014) Technical AnalysisThe Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last weeks' diagram). The weekly and monthly diagram are bullish.
So the first think in mind is the uptrend continuance. MACD and RSI (got overbought) has forced bullish)
We have no special candlestick pattern. The index is above the KUMO and above the Tenkan Sen & Kijun Sen & EMA 200.
There is no special pattern. The fib from 2953 to 3136 (projection) shows now a support at 1.618 of fib (3249) and a long term target at 2.618 of fib at 3431.
Maybe the index make some consolidations before the uptrend continuance considering RSI and the distance from support line.
STI trade ideas
Straits Times Index Daily (20.07.2014) Technical Analysis.The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too (just like last weeks' diagram). The weekly and monthly diagram are bullish.
So the first think in mind is the uptrend continuance. MACD and RSI has forced bullish)
We have no special candlestick pattern. The index is above the KUMO and above the Tenkan Sen & Kijun Sen.
There is no special pattern. The fib from 2953.29 to 3135.60 (projection) shows now a support at 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3430.
Straits Times Index Daily (14.07.2014) Technical Analysis. The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind is the uptrend continuance. The index has reacted from short term support line. MACD is on buy sign and RSI =55>50 (bullish)
We have no special candlestick pattern. The index is above the KUMO and above the Tenkan Sen & Kijun Sen.
There is no special pattern. The fib from 2954.26 to 3135.60 (projection) shows now a support at 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3429.
Straits Times Index Daily (29.06.2014) Technical Analysis.The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO but under the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind for Monday is the Kijun Sen approach. The index has reacted from support line. MACD is on sell sign but on deviation changing and is neutral.
We have no special candlestick pattern. The index is above the KUMO and over the Tenkan Sen.
There is no special pattern. The fib from 2954.26 to 3135.60 (projection) shows resistance at almost the current level 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3429.
