Singapore banks in bearish territories.

All 3 Singapore banks (UOB, DBS, OCBC) are in bearish territories in the Ichimoku charts. If Singapore is a financial hub and the banking stocks is a reflection of the economy, then the charts are clearly showing the significant resistance ahead. I expect tough times ahead in 2012.       UOB with support at… Continue reading Singapore banks in bearish territories.

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.

Ichimoku Chart Review : OCBC and Wilmar

Today, I am just going to stray away from the US stocks and briefly discuss about 2 stocks on the Singapore Exchange. 1. Wilmar, in the commodity sector. A darling that has went 3 folds since the lows in 2009. It was also included in the STI Index last year. 2. OCBC. One of the… Continue reading Ichimoku Chart Review : OCBC and Wilmar