Key observations of Wilmar: Price rebounded from 6-year support twice in 2017. Printed new 52-week highs in 2016 and 2017. Last week bullish expansion over last 6 weeks of 2017.
End Q4 2017 (quarterly) and end of December (monthly) performance of Straits Times Index constituents. December performance of STI is a reaction to a 8-year boundary.
At a high time frame from 2005 – 2017, Singapore stocks Sembcorp, Sembmarine and Keppel Corp appears to have strong positive correlation to WTI in this overlay. Over a shorter duration, that correlation is less convincing.
Straits Times Index constituents end Nov 2017 month on month performance; 14 winners, 16 losers. STI was up 1.76% this month. Includes Sembcorp U96 chart.
SATS prints bearish elements with a head and shoulders reversal pattern, staying in the red after nearly 3 quarters and printing a new low for the year in August.
Illustrating Sembcorp Ind. price action based on the HABBSTS model made up of a 3-indicator combo: Heikin Ashi Candles, 13-week Bollinger Bands and 3-week ema displaced by 2.
Yangzijiang Shipbuilding. YZJ has a very prominent triangle which hints bearish. Yet the stock has printed a new 52-week high. How will readers tackle conflicting signals like this? Also case study of Starhub.