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DBS
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YOMA
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investshare
Supreme |
02-Jul-2018 11:20
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Independence Day! | ||||
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chanbs
Elite |
02-Jul-2018 11:12
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Bro, is it w2 cannot be < = w1 2631 only ? any other Rules to watch out for ?
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chanbs
Elite |
02-Jul-2018 09:53
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trying to suppress at 2672, if broken dont know where and which bid will suddenly make an impromptu appearance again can' t be one off  |
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Luzern
Supreme |
02-Jul-2018 09:52
Yells: "9" |
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Bro SgYuan, thank you for the good information.  Ignore the noise.  I got my fair share of haters as well, some have disappeared, some have become friends.  Now I have become more immune to haters' comments.  In some cases, they help to push me to be better and more accurate in my trades.  Huat Ah Bro!
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famouspinky
Supreme |
02-Jul-2018 08:40
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MON, JUL 02, 2018 - 5:50 AM
SINCE hitting a high of 3,641 points in late April 2018, the Straits Times Index (STI) has fallen around 10 per cent into a new downtrend. The bearish move was mainly sparked by the Weekly Bearish Engulfing Bar rejection off the 3,611 resistance area and the weekly Relative Strength Index (RSI) bearish divergence formation in the week ended May 4, 2018. Instead of seeing some rebound near the crucial 3,341 support area, the bears were relentless this time as they succeeded in breaking below it. The 3,341 support area is particularly important because it has been holding the uptrend intact since November 2017, and had successfully reversed major sell-offs on three separate occasions shown by the highlighted boxes. However, as the bears break below the 3,341 support area, the sell-off exacerbated as the sell stops get taken out. Most long speculators would have hidden their stop losses just below the 3,341 support area, thus resulting in the sharper sell-off after price broke below the 3,341 area. The immediate trend has turned bearish with the recent bearish break below the 3,341 Higher Low point. Thus, the next closely watched area for a possible rebound is the 3,200 support area. The 3,200 support area is an important point of interest as it has been a solid floor for the STI in May 2017 to September 2017 shown by the highlighted boxes. There were more bullish rejections around the 3,200 psychological round number justifying the significance of that area. Moreover, 200-week moving average also coincides with the 3,200 support area adding more weight to it. Do note that the daily RSI is also currently in the oversold condition. RSI measures momentum. A reading above 70 represents overbought condition while a reading below 30 represents oversold condition. With the rise in the bearish momentum lately, the RSI has also hit an extreme low of 23 in late June suggesting for an imminent correction soon. The confirmation of the correction could be seen when the RSI rises back above the 30 oversold level. Historically, when the RSI dives into the oversold territory, a mean reversion higher tends to happen together with a rebound higher in the STI. Our historical study shows an average rebound of +5 per cent after the oversold RSI mean reversion signal is confirmed. |
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tehpeng
Member |
02-Jul-2018 08:15
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Thks for the info, Sgyuan! :)
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Lucky520
Senior |
02-Jul-2018 07:53
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You have my support too. 
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famouspinky
Supreme |
02-Jul-2018 07:41
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Always ahead.
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yuzuisland
Elite |
01-Jul-2018 23:55
Yells: "red day buy green day sell" |
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Agree!! Your sharing has helped us to make better trading decisions and as you have said many times, no tool is 100% accurate. Im sure you did the calculations to the best of your abilities and we are grateful. Dont be put down by those naysayers :)
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SgYuan
Supreme |
01-Jul-2018 23:06
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The uptrend never break.
Break only if touch 2631.
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pkli899
Supreme |
01-Jul-2018 22:51
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Prof SG Yuan, don' t be upset. U have our support. | ||||
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JKMaximus
Master |
01-Jul-2018 22:29
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Prof, come back to our family, thats where everyone appreciates your hard work. Already got 4 of us bros and sistas here support you liao.
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PocketS11
Veteran |
01-Jul-2018 22:22
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Agree.  Be appreciative.  He has selflessly spent time and effort to help out, and bothers to respond whenever someone seek for advice...... from what I see, he' s not obligated nor has anything to gain from doing all this.     
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JKMaximus
Master |
01-Jul-2018 22:15
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Be appreciative, prof is just a human like us. The tool is not 100% accurate, its just a guide.
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JKMaximus
Master |
01-Jul-2018 22:06
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Means showing an uptrend ew, prof? Some saying strong support at 25, so a bit confused difference very wide.
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SgYuan
Supreme |
01-Jul-2018 21:48
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No problem.
EW px target cannot be zhun zhun. The primary px movement direction is there. And important EW also break.
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rapidash
Member |
01-Jul-2018 21:21
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Thanks Master Yuan!![]()
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SgYuan
Supreme |
01-Jul-2018 21:17
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w0 2631 w1 2720 w2?
w1 89 w2 56 tgt 2664 - px hit low 2635 delta 85 dn 96% w3 144 tgt 2779 - w3 chg to ext EW - w0 2635 w1 2781 w2?2753 w3?2827 w4?2799 w5?2845 w4 55 tgt 2724 w5 89 tgt 2813
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rapidash
Member |
01-Jul-2018 21:09
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BlackGarlic
Senior |
01-Jul-2018 20:11
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SgYuan has devoted his time and guidance on free advice..   what has he gained? Let&rsquo s appreciate leh.  
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