Trading Ichimoku » STI

Straits Times Index (STI) Trend heading into 2012

iam802 — Mon, 26 Dec 2011 06:39:46 +0000

Since the gap down from July, STI has hardly recover.

Price range has ‘consolidated’ between range 2528 to 2900

Currently, from the Ichimoku chart, STI is trading below the kumo.

All signs point to a lower STI going into 2012.

1. Trading below kumo with resistance at 2714

2. Both Tenkan sen and Kijun sen pointing down

3. Leading kumo has twisted and the counter trend rally has failed.

Future trend suggest that it is heading downwards.

iam802 — Thu, 05 May 2011 09:04:30 +0000

Critical support levels coming up for STI.

They are 3103, 2972, 2935.

iam802 — Fri, 29 Apr 2011 05:50:35 +0000

Despite breaking out of the kumo, STI may be hitting resistance soon.

1. Resistance level from Chikou Span is around 3201.65

2. There is a high possibility that it will retrace.with support at 3124 and 3063.

Target timeframe : 2 months for retracement.

Note:

Singapore election is just around the corner. Take care.

iam802 — Sat, 04 Dec 2010 09:57:22 +0000

A member (trendlines) in the InvestIdeas highlighted about the possibility of a head-and-shoulder forming on STI.

From the Ichimoku chart for Straits Times Index (STI), this is confirm by the sighting of the kumo twist; a possible change in trend on the chart.

Given the fairly thick kumo support below, we will need STI to break the kumo support before we can confirm that the uptrend has ended.

iam802 — Mon, 08 Nov 2010 13:43:12 +0000

STI continues its rally since its July breakout from the kumo (highlighted by the yellow area).

Support is expected at 3208 (as identified by the Chikou Span – pink highlighted area).

Immediate support is at the gap at around 3263

Expect consolidation and gentle bullish move till Jan 2011.