$STI-SES, $200-FTSB, $N225-NKI: Asian Stock Market Monthly Update

  • Home
  • /
  • Blog
  • /
  • $STI-SES, $200-FTSB, $N225-NKI: Asian Stock Market Monthly Update


$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:


As you can see, on July 2017 it broke the resistance level @ 3308.61. This month, that resistance has become its support. Be cautious as the Monthly is still in a consolidation pattern. It has a higher probability to be bullish after another month in August 2017, if it maintains this bullish direction.

Let us look at the Weekly chart. Below is the Weekly STI index based on esignal chart:


By zooming in to the weekly chart, we can see that price had broken the Monthly resistance @ 3308.61 in the week ending in 14 July. The following weeks we saw that price continued to be bullish. This signifies that this bullish movement could be strong. Its next target is the clearing its Weekly resistance of 3350.55 before challenging the Montly 3388.85.

Next, we head down to the Dialy time frame. Below is the Daily STI index based on esignal chart:


Half of July 2016, the STI D chart was in consolidation mode. This consolidation started in May 2017. After price broke the monthly resistance of 3308.61, Daily was bullish and now it has a tenken sen to support it from going lower and will challenge the next resistance level. Overall the STI is bullish.



Nikkei 225 INDEX:

$N225-NKI Japan Stock Market Monthly Update.Since April 2013, the Nikkei 225 has been trending bullish and only did a minor pull back in 2016 but broke the critical monthly support (17901) in Nov 2016. Since Dec 2016 it has been hovering for 5 months unable to break an iMTF™ resistance at 19295 that is until May 2017, which it managed to break the iMTF™ level. It then broke the Monthly resistance on 19601 (pivot high) on May 2017. As of July 2017, the Nikkei fell a little, not surprising as it was met with an iMTF™ level in the month of July. Its next target should be the 19995.22 level where the M iMTF™ resistance is. If price continues a bullish path, In two more months time, the Nikkei could be even more bullish.

Below is the Monthly chart provided by eSignal:


Weekly is bullish and has managed to stay above the M suppport for 4 out of 4 weeks of July 2017. It had also broke the iMTF™ resistance at 19995.22 twice before closing below it for the month of July. It is a risky month as price hovers close around the iMTF™ resistance at 19995.22.

Let’s look at the Weekly chart. Below is the Weekly chart provided by eSignal:


Daily has been in a consolidation pattern since Dec 2016. July 2017 saw Daily price consolidating above and below the M  iMTF™ resistance at 19995.22. Until August is over, we will not have a clear picture whether price will break the  iMTF™ resistance at 19995.22 or succumb to it.

Let’s take a look at the Daily Chart provided by eSignal:


Bursa Malaysia KLCI INDEX:

$200-FTSB Bursa Malaysia Stock Market Monthly Update.Since Sept 2015, KLCI has done a major pull back into the cloud and has been consolidating from there ever since. Last month (July 2017) price was held by an iMTF™ resistance for the third time at around 1771. The bulls will have high probability (due to momentum) after August 2017 if it maintains a more horizontal movement.

Below is the Monthly chart provided by eSignal:


Weekly has been in a consolidating pattern since September 2015. Weekly price has been managed to climb above the 1771 iMTF™ M resistance. With price closing below the Flat Tenken Sen, there could be a possibility that price may bounce between Wk Tenken Sen (TS) and Kijun Sen (KS). However, the counter trend (SKA) level has been a good support and held price from going to KS. Its immediate resistance is the Flat TS.

Let’s look at the weekly chart provided by eSignal:


In July 2016 daily price turned from Bulish to Neutral. Momentum for Daily on the month of July has become from Neutral to Bearish and back to Neutral. Daily’s higher probability to be a Bullish trade is getting lesser, if momentum clears the cloud below.

Let’s look at the Daily chart provided by eSignal:


For educational purposes only. 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. View our full risk disclosure: https://www.ichimokutrade.com/c/disclaimer/