March 19, 2015
Reading Chart Bar by Bar
We first share the Big Picture of Singapore stocks benchmark Straits Times Index, STI. Now we zoom in to read the chart bar by bar. If you have followed the site, you will remember we highlighted that there was a Bullish Engulfing. The next day, there was a bearish candlestick, a big bearish candlestick. Pattern wise, looks bullish.
However, if you are very details. The candlestick is a Bearish candlestick, a Big Bearish candlestick. The emotions of the market is taking profit, sell off. Even it is bullish like, it is good to be understand the market is bearish bias. The safer bet is when unsure, stay aside.
March 18, STI open gap down 3357.97 points and drive STI high. The day still ended low 3361.75 points with a long tail.
You can find the Singapore Stock Market MACDScan to identify the stocks may move.
March 18, 2015 Straits Times Index, STI
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Moses
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