April 22, 2016
Moses’s Singapore Stock Analysis
Straits Times Index, ^STI Reversal
Picture worth a thousand words, you can see STI is forming a high higher than the last high. Straits Times Index, Singapore Stock benchmark has entered into the reversal. True or true?
You can also see an inverted head and shoulders chart pattern has been completed. Base on the neckline, the right shoulder has breakout from the neckline. Will see is this a real one.
Has the market walked out the early worry on the recession is coming due to the initial China economy forecast? We will have to see the year close. We are not even half mark yet on the year.
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Moses Analysis and Scan
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