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The website uses powerful charting software AmiBroker.
Chart Analysis
Are You Ready? How?
Look left and think right.
Especially in the current market condition, you must find as much reason as you can to support your trade decision and strategy.
Singapore Stocks Benchmark Straits Times Index | ^STI
Daily Chart and River.
Scenario 1: Straits Times Index and River
As earlier we commented that the market may have the dead cat bounce pattern. Many try to chart the falling knife to ripe profit. Use some indicator to help to understand the market true picture.
September 2, 2015 Straits Times Index
The price is away for River. In order for the market to change, it is only when the River first goes flat, next pointing up. Of course the price action has to drift back near the River and finally breakout and stay above the River.
In short, it is too early, at lease for the next few days.
River
River is a special moving averages. River is made of High and Low of a Moving Average such as 34 period. River is a great visual aid for trading. To learn more above River, please more from Raghee Horner’s books.
Thanks for visiting the website.
Moses
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