ABOUT

I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达), which means to prosper in Mandarin.
It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital".
DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.

Monday, 29 September 2014

The Straits Times Index as at 26 Sep 2014

STI opened at 3276.84 pts (near its minor horizontal support of 3275 pts) and closed at 3292.21 pts (slightly higher than the major horizontal support of 3290 pts). The RSI is at 41.80% and the stochastic is at 36.9%, not seriously oversold yet. Therefore, it may still have room to go down further. The MACD and signal line are both in negative territory, indicating that market sentiment is negative. As can be seen from the chart, STI is quite close to its 150 day moving average now. If it breaks below this 150 day moving average support curve convincingly, it could indicate that the stock market is going to be bearish for the coming days or weeks. As it is now, there are many stocks which are showing signs of weakening.

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