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Category Archives: Trading Stocks, Market Indices and Futures

STI Straits Times Index stocks performance May 2018

Straits Times Index constituents stocks May 2018 performance

May 2018, Straits Times Index was down 185.75 points or 5.14% over end of April. Out of 30 constituent stocks, 22 end in the red. ComfortDelgro and Genting Singapore are gain leaders. Triple Top reversal pattern hinted in STI chart.

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Tencent weekly chart mid-2013 to May 2018

Tencent (700.hk) double top in Q1, neckline broken

Tencent analysis on weekly and daily time frame. Key features: double top chart pattern confirmed, no longer bouncing off 13-wema, 20-day and 50-day ema dead cross. Until 408 is recovered, this stock will terminate last 6 bulllish years and we will have to find out where bottom is.

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