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STI's bullish moves after US election to continue  - THE EDGE SINGAPORE

Right Timing

STI's bullish moves after US election to continue

Joe Biden's win in the US elections has provided the wind beneath the STI's wings, supporting a rally in the local market


Short term bounce aside, STI's downdrift likely to persist

Despite a positive divergence SIA has yet to complete a base formation and breakout. The STI's next support is at 2,450.

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STI: Indicators stay weak as volatility sets in

With indicators weakening, the STI will stay hostage to short term downward pressure and the volatility of global markets.

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STI: Some indicators turn negative despite a steady market

The Straits Times Index stayed within a narrow range during the week, ending at at 2,509, down 30 points. The move is small in relation to the market’s absolute level, and on Sept 4, the STI formed a white candle on marginally higher volume, suggesting

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STI stabilises but stuck in narrow range; banks could firm

The Straits Times Index stayed within a narrow range during the week, ending at 2,539, up 11 points week-on-week but below the 50-day moving average at 2,596 and its 100-day moving average at 2,589. Both moving averages appear poised for a negative cross.

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STI could stabilise initially but likely to weaken towards end-month

Although the Straits Times Index started the week on a firm note, it lost most of its gains, and ended 53 points lower week-on-week. Much of the decline occurred on Aug 20, when the STI fell to 2,527, before stabilising to end on at 2,528.

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A relatively stable week ahead as short-term indicators turn up

he Straits Times Index rose 36 points week-on-week to 2,581, supported by an upturn in short term stochastics. There has also been a rebound in 21-day RSI which rose from 36 at the start of Aug to a high of 50, before ending at 48 on Aug 14. The most enco

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Directional movement hints of selling pressure ahead

Directional movement comprises of ADX which attempts to identify whether the market is trending or moving sideways, and directional indicators or DIs. ADX does not identify an uptrend or downtrend. It merely indicates whether the market is trending or ran

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Short-term sideways but rally could return

SINGAPORE (July 17): Week-on-week, the Straits Times Index slipped to 2,618, from 2,652. However, the chart pattern shows resilience. ADX is at 11, wiith the DIs neutral, indicating that a sharp move in either direction during July 20–24 is of a low pro

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Latent strength keeps market on steady path

SINGAPORE (July 9): Although the Straits Times Index ended the shortened trading week of July 6-9 unchanged at 2,652, indicators have strengthened. Despite this, the index may not make spectacular moves. ADX which points to market direction is at 14, whic