Get started
Straits Times IndexSS

Straits Times Index

3,873.59SGDR
+25.36+0.66%
As of today at 07:59 GMT
SGD
No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Components

STI trade ideas

Singapore Straits Times Index (STI) has Dark Cloud Cover issues!Technically, this is a classic pullback all set up... A strong rally to the upside based on vaccine elation supported by financials and sectors for "going back to Normal" followed by a Dark Cloud Cover candlestick pattern that was confirmed with a Gap Down. It is just above a range support, but breaking into the next Gap Down range (below the red line) would be very bearish. MACD is showing a bearish cross down Similarly the Relative Price Strength has crossed down What this means is that to keep up with the bullish rally, there needs to be a much greater upward push... which is less probable than the easier downside retracement. Still, this downside may be quick, shallow and a set up for the bigger picture in 2021...
TVC:STIShort
by Auguraltrader
STI BEARISH ON ALL TIME FRAMES. WATCH 2448.The STI short signal on the 4hr charts issued on 271020 gave traders 2 days to prepare their shorts and trim positions. The STI short signal on 281020 the day charts was the last line in the sand to trim positions. STI gapped down on 291020 to test 2448. A break and hold below 2448 will test 2200. Only a break and hold above 2509 will resume ST selling pressures. The STI has been on a MT/LT DOWNTREND SINCE THE SHORT SIGNAL WAS ISSUED ON THE WEEK CHARTS ON THE 5TH OF OCT 2019 LAST YEAR.
TShort
by gekkohot
How much more to fall for STI ?Maybe the locals here love STI more than anything as they are familiar with it. I have shown you guys before here why I prefer investing in US indices over STI. Again, no right or wrong, it depends on your level of comfort and preferences. Today, the government announced an important piece of news , read here. . For those who are looking to invest in local stocks should pay attention to this news as it means a return to normalcy (at least 50% of pre-Covid 19 days, I hope) as workers are returning to office, entertainment pubs can reopen, restrictions lifted for sports facilities, etc. We are about 3 months away from year end and if this reopening does coincide with the festive seasons like Christmas , it may be a good boost to the retail markets. Of particular interest, I am watching some stocks that I either have invested or intend to take a position; these include but not restricted to Suntec City Comfort Delgro Genting Singapore DBS Bank Wilmar , etc. Also, December is a school holiday month and if certain travels are allowed, this would also boost the much needed retail therapy and travelling that many missed. You would note from chart that DBS bank has a very close pattern with the STI as it is one of the main component stock of STI. Yes, DBS is also embroiled in some way with the 2 trillion money being laundered. Not sure how long the investigation would take, but I guess it may takes a while.......So, no hurry to scoop up the prices as you can see there is some more room to fall..... Hang on there guys, light is at the end of the tunnel , stay positive .
T
by dchua1969
Caution : STI closes below 3500.The STI is in its 8th month of correction since February 2020. The technical picture has worsened in the trading week starting 070920. My previous post on the 6th of Sep highlighted the technical weakness on all time frames. A worst case scenario of a test of 3200. It would be prudent for long only traders to lighten exposure for the last quarter of 2020. For portfolio investors, they will be opportunities to look for trading ideas that I have and will continue to post as a trading idea. For investors looking at buying on the dip, look for companies that have remained on an uptrend on the monthly charts that have held technically above the Ichimoku Cloud SSSA line.
TShort
by gekkohot