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Higher Timeframe | Straits Times Index | Moses Stock Analysis

April 15, 2016 Moses Straits Times Index Analysis

 

Last last analysis, an inverted Head and Shoulders. It has been a long time, long long time, from 2009 the index has been forming higher low. 2015  was the turning point, but the low can break lower than 2011 low. 2016 attempt to go lower, the start the reversal. But, as at today, the price has again turn direction.

April 15, 2016 Straits Times Index

April 15, 2016 Straits Times Index

 

 

 

 

 

 

 

 

 

 

 

 

 

When you are unable to determine the direction, go higher timeframe or next higher timeframe.

Picture Worth a Thousand Words

Straits Times Index, ^STI

From the EDC the trend is still downtrend. Only until when the EDC is broken. But in a short term, there is a retracement; uptrend.

April 15, 2016 Straits Times Index Weekly Chart

April 15, 2016 Straits Times Index Weekly Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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