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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

11/28/2010

Long time never see HSI

It has been quite some time since I last talked about HSI. Probably because its movement did not really affect STI much nowadays.


Fig 1 HSI Weekly Chart

Looking at it now however, seems like it has all the signs of going down. RSI and Stochastic on down trend, with clear divergence downward. The best part are the 3 black crows from Candlesticks. The next support level is 22,388.

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