April 16, 2014 Singapore Stock Scan Market Outcome

April 16, 2014 Singapore Stocks Scan Market Outcome

Moses’s Stocks Corner at amibrokeracademy.com.

Singapore Stock Market Benchmark Straits Times Index, STI Update

On April 16, 2014 the Singapore Stock Market outcome market benchmark, Straits Times Index, STI closed at 3253.2 points  another 6.88 higher on the last closed at 3246.32 points. The index gap up again. This is getting very closed to what we projected on April 3, 2014 of 3257 points. It is less than 4 points away from what we target.

You see, this is the beauty of technical analysis; however TA is only a probability. Only until when it is proven wrong, the projection is always correct, and it is possible the index will reach the projection on the trendline we drawn.

Doji: indecision; bull and bear could not make up their mind. The swing may not continue. Watch out!

Singapore Stocks Benchmark, Straits Times Index, STI April 16, 2014 Daily Chart

Singapore Stock MACD Scan Results

April 16, 2014 Singapore stocks scan market outcome, MACD bullish or bearish signal. Total 79 stocks have MACD bullish or bearish signal. Out of 79 stocks, 36 stocks have bullish signal and 43 stocks have bearish signal. There are more bearish MACD signals than bullish MACD signal. What the market try to tell us? Only 45 stocks have volume greater than 500K. The following are the 45 stocks.

Yesterdaty, Golden Agri came up top volume again with MACD signal. If you monitor this site, you should recall that on April 9, MACD Stock Scan, Golden Agri Resouces carried a MACD Cross-up signal too, with a traded volume of 127,082 K. It was two times of yesterday trade volume. See the April 9, Singapore Stock Scan for details. Also the Golden Agri Resources Stock Scan Analysis for the chart. 

Moses

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