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.
Critical support levels coming up for STI. They are 3103,Â 2972,Â 2935.
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.