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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.

9/06/2013

ST Con Serv ( what is this?)

While going through the new data set from the service provider, I come across some interesting indices. There is this bunch from ST and with short abreviations.

Anyway, very few of them look good. There is this index ST Con Serv for instance, I would interprete as Consumer Service. Looking at the chart, it seems to be at the end of its top formation. It is a head and shoulders. The counter has broken its neck line and I gather that it is going to head south. Base on the measurement, its minimum objective should be around 490. Almost 1/2 of the now 784.



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