SGX Technical Analysis and Implications for Asia Markets: 23 January 2018, Tuesday, 12.53am Singapore Time

SGX Technical Analysis and Implications for Asia Markets: 

23 January 2018, Tuesday, 12.53am Singapore Time

(Click on Technical Chart above to Expand)

Attached is the technicals for SGX, the stock market operator of Singapore. The orange circles are The Donovan Norfolk forewarnings in January 2016 and July 2016 preempting that 1H-2016 will mark a major pivot bottom and that SGX, Asia Stock Markets and Singapore Stock Markets will have high trading volumes coming in starting from 2017 and continuing into 2018. Note, in 2H-2012, I had also forewarned in many public analysis writings that stocks will go into very low trading volumes in Asia and in Singapore, and that many brokers will go out of job in the industry. It all also came true from 2H-2012 to 2H-2015 until 1H-2016 when I finally flipped to high bullishness for Asia and called an end to the SGX winter.

SGX has broken up critical resistance of $7.70-$7.93 band of resistance. This break up is accompanied by high volume RUN-AWAY GAP which is successful. This is essentially hyper bullish in nature. This means high-power buyers controlled the markets from the start to the end. It is deliberated, not random. This means the future is bright for Singapore and Asian Stock Markets for 2018 and 2019 as Singapore has always been best indicator for Asia Market Performances.

Coincidentally, SGX also released disappointing corporate results a few days ago; people commented sell on the disappointment, and I forewarned that market is not as easy as reading the news but to instead buy the dip on bad news because markets are forward-looking. Coincidentally, this break-up was achieved right after my warnings. This means many naive short-on-the-news traders are receiving tar on the face and shedding tears of losses which will further widen. The move up is impulsive. SGX will break up psychological resistance of $10.00 like hot knife through butter. Even if the knife is not sharp, it will still batter the butter resistance into some smashed dairy pieces which is ugly but creamy delicious. Expect more upside roaring.

The Donovan Norfolk Technical Rating:

Bullish
(Expected to rally for the rest of 2018 and into 2019)

Past SGX Analysis:

http://donovan-ang.blogspot.sg/2016/07/sgx-technical-analysis-8-july-2016.html

Donovan Norfolk Ang

SGX Technical Analysis: 17 January 2017, Tuesday, 12.30pm Singapore Time

SGX Technical Analysis: 

17 January 2017, Tuesday, 12.30pm Singapore Time

Attached above is the technicals of Singapore Exchange Ltd (SGX), the shares price of the stock exchange of Singapore. It has broken out its mid term correction and is resuming a new long term uptrend. Short term is also an uptrend, ending the mid term correction for a long term resumed upmove for the whole of 2017 to come. Bullish bias. Stocks across the board will see volumes continue to pick up in this rising tide that lifts all boats as per forewarned in 2H-2016 before it happens. Refer to all past track records.

Stocks in Singapore will see volumes flooding into the market again.

Stocks in Asia-Pacific will see volumes flooding into the region too.

DNA Technical Rating:

Bullish
Expected to rally for the rest of 2017 as forewarned in 2H-2016
(Target Price for Traders and Investors: $10.00 Psychological Resistance)

Advantages accruing to investors and traders: 

1. Dividends
2. Capital Appreciation
3. Quality Stock 
4. Blue Chip with significant room for price appreciation
5. Straits Times Index (STI) Component Stock which will rise together with STI
6. Safe Stock: hence the choice of investing significant amount of capital in SGX shares can be considered as relatively safe 
7. SGX is a stock with an internationally good reputation

Donovan Norfolk Ang

SGX Technical Analysis: 8 July 2016, Friday, 10.44am Singapore Time

SGX Technical Analysis: 

8 July 2016, Friday, 10.44am Singapore Time

Attached above is the technical analysis of Singapore Exchange Ltd (SGX), the stocks exchange of Singapore. It underwent 2 large consolidations (large pink and blue descending wedges: Bullish). Its main waves are illustrated in Green. There are many supports acting as pivots now for the stock to go up as a big wave, amidst the public media calling for financial market crashes after Brexit. 

Stocks in Singapore will see volumes flooding into the market again in 2017 and 2018.

Stocks in Asia-Pacific will see volumes flooding into the region again too in 2017 and 2018.
You have been forewarned.

DNA Technical Rating:

Bullish
Expected to rally for the rest of 2016 and 2017.
(Target Price: Break up the entire high of the above attached chart of SGX)

Donovan Norfolk Ang

SGX: 11 January 2014, Saturday, 11.47pm Singapore Time

SGX: 11 January 2014, Saturday, 11.47pm Singapore Time
Chart courtesy of ChartNexus.com

Attached above is the chart of SGX (Singapore Exchange).
All illustrations are as per explained in the chart.
(This stock is available in igmarket)

Donovan Rating:

Bearish

Side Note:
Markets are going to get bearish,
so much so that trading volumes will be mainly from those of disinterested sellers/investors 3 months to 6 months from now.

Donovan Norfolk Ang

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