25 May 2018, Friday, 9.01am Singapore Time
(Click on Technical Charts above to Expand)
Attached is the Technicals for Singapore Straits Times Index (STI). The STI is of the following technical price structure:
Long Term Uptrend
Mid Term Sideways
Short Term Correction
The short term correction is ending soon. Buy on healthy dips. The dips are being used to build supports for the launching of more uptrend. If you are an investor of stocks, index stocks and blue chips, you would be glad to know that the ichimoku red clouds have been weak passing clouds while the green clouds have been strong cumulonimbus green clouds. The long term trend is strong. In addition, because of the technical price structure, shorting of the market presents high risk with low reward compared to buying on dips which will give higher rewards for the lower risk. Bullish.
Long Term Uptrend
Mid Term Sideways
Short Term Correction
The short term correction is ending soon. Buy on healthy dips. The dips are being used to build supports for the launching of more uptrend. If you are an investor of stocks, index stocks and blue chips, you would be glad to know that the ichimoku red clouds have been weak passing clouds while the green clouds have been strong cumulonimbus green clouds. The long term trend is strong. In addition, because of the technical price structure, shorting of the market presents high risk with low reward compared to buying on dips which will give higher rewards for the lower risk. Bullish.
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