Singapore Stock | Ascendas REIT Analysis | AmiBrokerAcademy.com
January 7, 2017
Prime Minister Lee Hsien Loong said in his New Year speech that Singapore is “not doing badly”. See our early post on covering this for more. So, will we expect Singapore economy benchmark The Straits Times Index to hold its level and not fail further south? No one know, as all traders, more correctly the professional traders will all agree that the setup can fail. We should learn from the most recently example, the US Presidential Election.
There were many lesson learnt from last year November’s the US Presidential Election. One key thing that stands out is “we just never know“.
This is only the start of 2017. Will Singapore economy benchmark, The Straits Time Index moves north or south? Who will know? Many will say God Knows! In other words, no one can predict. Anything can happen. So hang in there. Trade your best as a professional traders.
Will Singapore Slow Down
Since last November, many people has come out to warn the people. Everything is not so rosy like in the past. Be ready to anticipate the worst coming.
You can story from reputable news organization such as Channel News Asia, The Straits Times.
News by Channel News Asia Singapore’s slow economic growth environment expected to continue: MAS. Or News by The Straits Times, Signs of slow growth ahead for Singapore economy.
Be aware, we are not negative. We just share what we can easily google from the Internet.
Let look at a property related stock, REIT.
Singapore Stock Analysis
Ascendas Real Estate Investment Trust Daily
Why Price Moves?
There are many profound technical analysis around. Many has simplify the complexity and keep it simple to pattern recognition, some has make it complex enough that even the expert may be confused at times. There are analysis no one expert will have the same answer. And because of this, one stock price moves. On one-hand a group of trader think the price is too expensive and begin to take profit, while another group of trader feel that they have miss the opportunity to buy, and now it is a best price to enter, buy. When the buy is more than the sell, the price goes up and vice verse.
All Can Measure – Mathematically
Everything that you read on the chart is predictable, not jut guessing. But through mathematics measurement to forecast the next move. Every bar or candle is either trend or no trend.
Ascendas REIT Daily
Picture worth a thousand words.
Ascendas REIT Weekly
In the weekly chart, you can easily see a strong up flow, followed by two strong legged pullback. This has resulted the both bull and bear get confused. The price re-bounced, but both bulls and bears be get fearful, many will exit; sell off and take profit, or cut lost to reduce the risk. Sigh.
Moses Stock Desk
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