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It does not matter who’s right and who’s wrong. But the real fact is the people in Greek suffer, the people outside Greek suffer too. It does not matter who proposal get accepted, the real problem is still haven’t surface up yet. The among of effort and money lost will probably more than the loan.
The true is some people are taking their own sweet time. These people are just not servicing the own countryman. Enough is enough, hope the solution is there and the authority really implement what they have promised and signed.
Singapore Stocks Scan Straits Times Index Analysis July 13
Singapore stocks benchmark, Straits Times Index, STI when breakdown 3200 level, technically, the price action is likely even more bearish bias.
Let study the chart in two ways, no indicator and with River.
Straits Times Index with Equal Distance Channel
We see an ugly Head and Shoulders, the right shoulder is lower than the left shoulder. It is a bearish bias trend.
July 13, 2015 Straits Times Index
Straits Times Index and River
We see the price action crossed below River, and bounced off from River. River is now pointing down, 4 o’clock. It is bearish bias.
When to sell? Wait for the price action retrace back to River and get resisted. enter sell when completed the Bearish Chart Pattern.
Can you buy? Sure, you can. Wait for the price action near support and completed bullish Chart pattern. You may want to take profit when the price retrace and resisted by River.
July 13, 2015 Straits Times Index and River
Read last week post on Straits Times Index analysis.
Thanks for visiting the website, have fun!
Moses
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