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18

May

Technical Analysis – 18th May 2009

Posted by CharlesMing  Published in Technical Analysis

The STI reversed its losses in the morning session to close higher by the end of the day. I wish I could show the STI chart but there is something wrong with the data so that will have to wait. I took a position in SGX today. I was anticipating a white hammer reversal pattern [...]

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18

May

Intraday peek

Posted by CharlesMing  Published in Technical Analysis

Olam 1.7 recaptured. Noble seems fine too. Across bigger caps I looked at 2 counters at random. Capitaland rebounded off intraday low of 2.94 which is 23.6% retracement support. Bullish. DBS also rebounded the same. It is worthy to note at this time, buy signals may not come yet, other than bullish candle formation. It [...]

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