Welcome to Moses’ Stock Analysis and Review Column – Straits Times Index
Singapore stock benchmark, Straits Times Index, STI may formed a bearish Head and Shoulders chart pattern.
On June 27, Friday, Straits Times Index ended the week at 3271.05 points, formed a Doji candlestick, Straits Times Index down 7.52 points from the last closed 3278.57 points.
The following week, Singapore stock market started weak again. On June 30, 2014, Straits Times Index, STI closed at 3255.67 points, the index drift another 15.38 points away from the last closed at 3271.05 points.
Let’s look at the chart for a clearer picture, chart(s) worth a thousand words.
June 27, 2014 Straits Times Index, STI Daily Chart
June 27, 2014 Straits Times Index, STI Daily Chart
You can see the potential Head and Shoulders, when you eyeball the chart.
June 30, 2014 Straits Times Index, STI Daily Chart
Fourteen Months Straits Times Index Daily Chart, June 30, 2014
Close-up View June 30, 2014 Straits Times Index, STI Daily Chart
Closed Up View of June 30, 2014 Straits Times Index Daily Chart
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Moses
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