Singapore Stock Analysis, Singapore Stock Forum, Singapore Stock Blog. Value Investing, Momentum Investing of Singapore Stocks and US Stocks.
Gold has shown weakness recently and GLD chart has shown a reversal pattern to indicate the pull back. GLD has broken 20D and 50D MA with gap down. GLD is unable to break the 50D MA resistance although the recent rebound. This 50D MA support now becomes resistance. Bearish Engulfing candlestick pattern formed at the [...]
Straits Times Index (STI) has been trading within a Symmetrical Triangle for 3 months but broken down with a long bearish candle last trading day. This breakdown of a Symmetrical Triangle may send STI index down to 3,000 level which is also a psychological support level. Also take note that the current STI is trading [...]
JPM is forming at Double Tops and currently just sitting on the neckline at $37.70. Base on the chart, there is a very high chance for a breakout of this Double Tops chart pattern due to the following observation: JPM is unable to break the 20D MA resistance (shaded in red) and bounces down. 50D [...]