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:
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:
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:
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:
We looked at a Bullish Breakout Trade on a 30m time frame. Below is the 30m chart provided by eSignal.
The entry was 1.257, initial stop of 1.202, and 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:
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.
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
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