Saturday, January 12, 2019

STI,

A look at the STI today,

With a trade war between US and China happening. Problems in Europe, Brexit (waiting) to happen. The World is in a greater uncertainty than before. Volatility is high, plus the longest bull run since the 2007 Asian Crisis... All these are adding up.


STI looks to have rebounded, into resistance, with the 200 MA above and a resistance from previous S/R at 3.25-3.35.
Looks like the move could stall...

Great Eastern


One of the giants in SE-Asia, insurance company GE is part of OCBC bank and has shown a strong rally from 24.4. Also into resistance at $26.0. Wait for breakout and retest for confirmation.

OCBC


OCBC forming a wedge, and above longer term trend line. Could be silently bullish. A test of 11.2 will be a good buy.


SATS in a channel, 4.50 still good support. candles are entering channel top at 5.00.





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