$STI-SES Singapore Stock Market Monthly Update

 

STI INDEX:

$STI-SES Singapore Stock Market Monthly Update.   Since June 2009, the Singapore stock market has been in a consolidation pattern between the low region of 2528 and the high regions of 3548.   This monthly update will analyze the market to see the current state of the market.

Below is the MONTHLY STI index based on esignal chart:

March_STI_M

As you can see, last month it broke a resistance level @ 3146.89. This month, that resistance has become the support and the next resistance is @ 3205.62.

Below is the Weekly STI index based on esignal chart:

 

March_STI_Wk

The weekly chart paints the same picture for the resistance turned support @ 3146.89.  However, the Monthly incoming resistance  has a lower probability to stop price from breaking it as the M and Wk chart’s resistance are not in sync, hence they are not  iMTF™ resistance.

Below is the Daily STI index based on esignal chart:

March_STI_D

Daily shows a strong bullish movement with a minor pullback last week. It is in a trend continuation mode. And the next target is around 3205.

TRADE OPPORTUNITIES:

H22-SES : Singapore 5 Timeframe Buy Ichimoku Email Alert   We received a 5 Timeframe Ichimoku Buy Email Alert on March 27, 2017. Here is the email alert:

2703_5TF_H22_BO_Alert

We looked at a Bullish Breakout Trade on a 30m time frame.  Below is the 30m chart provided by eSignal.

2703_5TF_H22_BO2

The entry was 1.257, initial stop of 1.202and the target will be the next resistance on a higher timeframe @ 1.335. The reward risk ratio was more than 1:1, hence we decide to take the breakout trade as it did fit our trade plan. The trade has been triggered on the 27 Mar and we are still in the trade and as of 3 April 2017, we are now in a free trade mode as we have adjusted our stop to be higher than the entry.

 

J85-SES : Singapore 5 Timeframe Buy Ichimoku Email Alert   We received a 5 Timeframe Ichimoku Buy Email Alert on March 28, 2017. Here is the email alert:

2803_5TF_J85_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 30m time frame.  Below is the 30m chart provided by eSignal.

 

2803_5TF_J85_PB2

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Eric Chai