Straits Times Index | ^STI | Reversal | Moses Stock Scan

April 1, 2016

 

In additional from the last analysis, on inverted Head and Shoulders. When we look back from 2010, we see the index keep forming high low, but the trend has broken out in 2015, the price action is now lower than the last low. If the trend continue, the reversal has confirmed.

 

Straits Times Index, ^STI

April 1, 2016 Straits Times Index, ^STI

April 1, 2016 Straits Times Index, ^STI

 

ABCD Chart Pattern – ^STI

Picture worth a thousand words, what is your conclusion? Buy or Sell?

April 1, 2016 Straits Times Index,

April 1, 2016 Straits Times Index,

Moses Stocks Analysis and Scan

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