On Wednesday, Genting SP re-tests the support at $1.505 and closed at $1.505 with HIGH volume of 37.84 million shares traded. A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  There have been 3 falling windows [...]

On Tuesday, STX OSV re-tests the resistance at $1.59 and closed at $1.565 with LOW volume of 6.35 million shares traded. During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles.  During the past 50 bars, there have been 16 white candles and [...]

On Monday, Wilmar re-test the support at $3.77 and closed at $3.80 with LOW volume of 5.78 million shares traded. During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles.  During the past 50 bars, there have been 16 white candles and 30 [...]

On Friday, Biosensors re-test the resistance at $1.20 and closed at $1.20 with LOW volume of 2.11 million shares traded. A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar. A long lower shadow occurred.  This is typically a [...]

On 17/May, Singapore shares ended lower on continued worries over Europe with Greece preparing to hold fresh elections in June. STI ended lower at 2822.61 (0.3%) with LOW VOL of 1.20 billion shares traded compared with 1.47 billion shares Wednesday. In the broader market, losers outnumbered gainers 194 to 159. Today STI undergo profit taking [...]

On 16/May, Singapore shares ended lower due to worries Greece is edging closer to an exit from the euro zone after week-long coalition talks failed to form a government. STI ended lower at 2831.15 (1.6%) with LOW VOL of 1.47 billion shares traded compared with 1.64 billion shares Tuesday. In the broader market, losers outnumbered [...]

On 14/May, Singapore shares ended lower after sharp losses in European markets. STI ended lower at 2864.12 (0.7%) with LOW VOL of 1.82 billion shares traded compared with 1.92 billion shares Friday. In the broader market, losers outnumbered gainers 346 to 88. Today STI undergo heavy selling pressure as investors panic sell on possible economics [...]