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, 8 June 2015

Prediction of STI for 2nd half of 2015

STI as at 8June2015 1007hrs
The STI has fallen below the 150 day MA on the 2 June 2015, out of the uptrend support line, and also out of the lower Bollinger Band. The MACD has also move into negative territory, indicating negative sentiment of the Singapore market. This morning, it is trading in a range of 3320 to 3333 pts. Immediate support would be at around 3290 pts. If STI does not move back up above the 150 days MA within the next 2 weeks, it could well indicate a longer term downtrend for the STI.
My prediction is that for most part of the 2nd half of 2015, stock market would be in a downward correction.
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