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STI IS WEAK | PICTURE WORTH A THOUSAND WORDS

BE CAREFUL OF WHAT YOU READ

You need real, updated information that actually works!

And the really sad truth is…

MOST CONFUSE THEORY WITH FACT

YOU’RE ABOUT TO GET IT STRAIGHT FROM THE CHART

PICTURE WORTH A THOUSAND WORDS, SEE CHART FOR MORE

 

Straits Times Index Weekly Chart

 Remember all setup can fail, so wait for confirmation before you jump into conclusion. In other words, when you see traffic light, you know there is a possible change in traffic flow or direction. But it has change till when it is confirmed. So, wait.
From the chart, after fourteen week, none of the candlestick closed way wup the last high. So, STI is truly weak. Although the previous week retested the same high. Be mindful.
August 4, 2016 Straits Times Index Weekly Chart with MACD

August 4, 2016 Straits Times Index Weekly Chart with MACD

 

 

 

 

 

 

 

 

 

 

 

 

 

Moses Stock Analysis and Scan

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August 5th, 2016 | Tags: , , | Category: AmiBroker Charting Software, How To, Lessons, STI, Technical Analysis, User support