Singapore Exchange (S68) : Bearish signals ahead.

  SGX Ichimoku chart continues to show bearish sentiments. 1. Bearish Tenkan sen – Kijun sen cross beneath the kumo sighted. 2. Thick kumo resistance ahead. 3. Support level is at around $7.24. However, with the Tenkan sen and Kijun sen both showing bearish strengths, it is likely that $7.24 will break and we may… Continue reading Singapore Exchange (S68) : Bearish signals ahead.

Straits Times Index (STI): Resistance Ahead

  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.