Straits Times Index
Hang Seng Index
Nikkei 225 Index
 
Click here to login to the chat room during market hours.
 
 
Showing posts with label broadening formation. Show all posts
Showing posts with label broadening formation. Show all posts

Friday, September 9, 2011

Sunday, July 25, 2010

Thursday, July 22, 2010

STI 22/07/2010 - update

STI brokeout today as per the chart posted earlier. Heading for the broadening formation trend line.

Wednesday, July 21, 2010

STI 21/07/2010

STI Intraday.

Previous post is here. STI hit the diamond pattern target today as mentioned previously. Now trading in the down channel. Broadening formation still valid.

Monday, July 19, 2010

STI 19/07/2010 - update

STI Intraday.

Broadening formation. Now at resistance. If break 2957 might see 2970-2980. It should hold 2930 to avoid downside.

Friday, November 13, 2009

Starhub - 13/11/2009

Starhub approaching multiple resistance. It has turned bearish a while ago. We might see some downside from here in the short term.
Depicted in the chart is just a possibility.

Saturday, August 29, 2009

S&P 500 29/08/2009 - update

Previous update for S&P is here.
As mentioned in the previous post, we are yet to close above the broadening formation. A close above will be bullish. We can also see the inverse H&S formation with the right shoulder created.
Too much negativity in the markets. September/October memory shivers. Markets will need to overcome all that if it has to march ahead.
I personally see the markets breakout of the neck line and retrace back towards the neckline in october to create a throwback before heading higher.
I could be wrong, that is why I place stops. :)

Friday, August 21, 2009

S&P 500 21/08/2009 - update

Previous post for S&P is here.
As mentioned in the previous post S&P retraced and rebounded. A break above the broadening formation, will confirm uptrend. Aggressive target is 1160 mid-term.
We also have a valid H&S formation giving a target of 1135.