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Straits Times Index Analysis
Straits Times Index has gaped down and closed at 3202 level. The low of the day is 3184 level. As we said in our last Straits Times Index analysis when it breaks 3250 level, the next defense will be 3200 level. Let see next week, will the market break the 3200 level. The next few important supports will be 3150 level, 3050 level and 2950 is the lower in 2014.
Chart worth a thousand words, River is pointing down at 4 o’clock direction. It is very bearish.
July 31, 2015 Straits Times Index
Straits Times Index and Reversal Strategy
Head and Shoulders and Reversal Strategy.
July 31, 2015 Straits Times Index
Straits Times Index Zoom in
The price action has fall below neckline, however be aware of trap, bear trap. However if you analyse the chart with River, the price action is far away from the River. Therefore, when the price action pull back near River just has to anticipate the bear may get trapped.
July 31, 2015 Straits Times Index
You can read about other Singapore Stocks daily and weekly and daily scan results in this website.
Thanks for visiting the website.
Moses
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