November 7, 2016
2016 is a Great Year
There were many things happen this year, just in Financial world, Brexit and the coming US Presidential Election.
Let’s have a look at Singapore stock market. We will study the chart from December 1992 to present, and 2015 till now. It is important to keep the historical chart handy.
^STI | The Straits Times Index Monthly Chart From December 1992
You can see resistance turn support. Can the index move higher than 2800 points level? Will see.
November 7, 2016 Singapore Stock Benchmark, The Straits Times Index from December 1992 Monthly Chart
^STI | The Straits Times Index Daily from 2015
See the fall from the peak in 2015 at 3549 points down to 2016 peak at 2964 points. Now the market is struggle near 2800 points. Look out for more ABCD Chart patterns.
November 7, 2016 The Straits Times Index Daily
Moses Singapore Stock Desk
AmiBrokerAcademy.com
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