MISSION STATEMENT: Stock investors can make money by careful investing. It is the mission of this blog to share stock investing knowledge and ideas so that we can all benefit from the stock market.
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.
Sunday, 5 October 2014
STI as at close of 3 Oct 2014
Despite
having risen 24.53 pts to 3253.24 pts on Fri, STI is still below its
150 day MA since Wed. With Fri's rise, it has now formed a "bullish
engulfing" candlestick pattern. Such a pattern has a moderate
probability of predicting the next move; i.e. STI has the moderate
probability of moving up the next trading day. Overall market sentiment
is still weak as the MACD has gone below its horizontal zero line; but
with the MACD histogram showing 3R1G, there is still hope that STI will
go above its 150 day MA quite soon.
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