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STI

Singapore Petroleum (SPC) : TA Indicators Review

Keppel Corp announced that it is selling its 45% stake in SPC to PetroChina.

I did not catch the counter as I was not monitoring STI (and the counters there).

However, here’s what I will look out for.

If I were to track this stock, I will focus on these 3 dates.

1. 5 May
Day it crosses 200 MA

2. 7 May
Day it gaps up on higher volume

3. 19 May
Day it gaps up from a previous day low on high volume. Subsequent day shows higher volume and price keeps going up

I will rely on the 3 dates to form a picture. The Force Index indicator also shows that the bulls is in control throughout the period.

2009may-spc-800x600