Welcome!

Today, the market has real kick from the recent incident in Euro and China, the index has a great fall. Are your confident weaken further?

From a technical analysis standpoint, as long as the price action continue to be below fast ma, such as 20 MA, no buy.

Singapore Stocks Scan Straits Times Index Analysis July 8

Singapore stocks benchmark, Straits Times Index, STI had broken the 3300 level and hover near 3300. If price action test the 3200 level, the market are continue to be weak.

Slow MA, 100 MA still slopping down, Fast MA, 20 MA crosses below 50 MA, 50 MA crosses below 100 MA. Price action is below 20 MA. Unless the price action near support and completed a bullish chart pattern, no buy will be the near term strategy.

July 8, 2015 STI

Thanks for visiting the website, have fun!

Moses

DISCLAIMER

Site advice, “Stock trading is not a get rich quick scheme and it is high risk”.

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should NOT be considered as an offer or enticement to buy, sell or trade.

You should seek advice from your broker, or licensed investment advisor, before taking any action.

The website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids.