October 29, 2017
As said, wait for one more week. When we are not sure, stand aside. Try not to head on, now it is very clear. ST Index has breakout higher 3350 level.
Since ST Index is a economy benchmark, Singapore economy benchmark. Since we can buy 39 Boeing, economy must be great here. Read the news from Boeing, Boeing, Singapore Airlines Announce Order for 39 Airplanes.
October 23, 2017 a ceremony in the presence of President Trump and Prime Minister of Singapore Lee Hsien Loong, SIA in signing the deal. See the benchmark, ST Index for more.
ST Index Breakout 3350 Level
See chart for more. Any correlation with the purchase of the Airplanes, you know?
October 27, 2017 ST Index Breakout the 3350 Level
October 24, 2017 Straits Times Index and 3350 Levels
Singapore Economy Benchmark = ST Index
Straits Times Index and Key Level – 3350
Picture worth a thousand words, see chart for more. As suggested in the previous analysis, we suggest to wait this week to see how the market response to the key level 3350. Interesting to see Dow Gaps, and for Singapore, we see five dojis. Finanly, on 24 October, the market response in close lower. So, STI respects the 3350 level. Wait one more day to see where the market goes.
STI After Five Doji and Close Below 3350 | Straits Times Index | AmiBrokerAcademy.com
Moses
AmiBrokerAcademy.com
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