Candlesticks Analysis...
The last 4 candles of STI...
Advance block with the last candle being a white hanging man
plus
a black confirmation candle which is a half past six shooting star as well.
plus last 3 candles look like an evening star as well...
The bollinger band is starting to close up too.
Dangerous to go very long on most index stocks. I will still be watching out for my Starhill and Starhub....
Good luck trading.
Indeed. Any further run up in prices makes it even more dangerous.
ReplyDeleteYup... Have to be cautious and selective... Not a time to be garang...
ReplyDeletethat's right. Looking at your chart, your CCI and MACD-H are flashing bearish signals. Volume is not encouraging either.
ReplyDeleteElliott Wave count is at the last stretch too... The stars are starting to align :)
ReplyDelete