test4

Sunday, December 6, 2009

STI Updates




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.

4 comments:

  1. Indeed. Any further run up in prices makes it even more dangerous.

    ReplyDelete
  2. Yup... Have to be cautious and selective... Not a time to be garang...

    ReplyDelete
  3. that's right. Looking at your chart, your CCI and MACD-H are flashing bearish signals. Volume is not encouraging either.

    ReplyDelete
  4. Elliott Wave count is at the last stretch too... The stars are starting to align :)

    ReplyDelete

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