What’s Next for Singapore Straits Times Index (ST Index, STI)?
What is next? Up? or Down? Singapore Stock Markets Straits Times Index has moved up again this week (week end August 14, 2009) after a week long of downward movement. Are the gains transient? Does the market have enough strength? A trend remains to be seen.
Are you able to tell? Or do you only listen to your friends or experts advice? Or wait and see, then quickly jump in to join the flow. Yes, you can analysis yourself. Other than the fundamental and many uncertainty, from the Technical Analysis (TA) and a professional charting software (eg AmiBroker) you can spot critical resistance and support. The Straits Times index (STI) has hit a important resistance to be broken before it can continue it upward movement. When? You need to wait for the market to show hands. Of course, when it breakds it require strength too to keep the momentum. Otherwise, the breakout is only temporary. See charts for the illustration.
So, do you think it is time for you to consider learning the Technical Analysis? It will help you to understand the market emotions and the traders psychology. You are no longer just depending on markets “news”. You will be able to plan and decide your trading strategy. There are many courses out there in the market teaching Technical Analysis. TerraSeeds conducts a few down to earth TA courses; see TerraSeeds website for more information; http://www.terraseeds.com/.
The following is the illustration of the STI Monthly Chart and analysis.
The following is the illustration of the STI Weekly Chart and analysis.
Disclaimer:
The information are not meant to be used for buy or sell decision. We do not recommend particular stocks, bonds, options, futures and any securities of any kind. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and the important of Technical Analysis. The information convey here is intended to provide you with basic information, methods, and strategies as education purpose. You should seek for a professional course to learn Technical Analysis. There are many other factors to be considered such as wait for market to show hands. Users must understand what Technical Analysis is all about before using it. Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.