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.
7 long term stock charts from 3 countries for mid to long term investors. EEM, XLRE, XLE, XLU, OCBC (O39.si), SPH (T39.si) and TVB (511.hk).
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.
Exercise caution with Straits Times Index and Hang Seng Index which are both painting potential reversal chart patterns on weekly time frame.
Performance of 30 STI component stocks for April 2018. Straits Times Index was up 185.96 points or 5.42% over end of March. Out of 30 constituent stocks, 19 gained while 11 end in the red.
Looking at base building by Hong Kong listed stock PCCW and Singapore listed Wilmar. Both demonstrate multiple-year supports and positive price action. Illustration with 3M charts.
Master these steps, recognise this highly recurring zigzag pattern to find pot of gold. Example Singapore-listed Keppel Corp (ticker: Bn4.si).Step 1 – Retrace. Step 2 – Consolidate. Step 3 – Up. Step 4 – Repeat steps 1 – 3. Example with Keppel Corp (ticker: BN4.si).