I am also looking at 2 different indices, below is ST Cons Goods, I figure it is consumer goods. This counter has taken a heavy beating and is already fulfilling its double top objective. Seems like consumer goods in Singapore has not been doing well at all.
There is another index ST Technology (no, not from Singapore Technologies). This seems to be doing the opposite. IT has completed its double top objective. Not only that, it has formed a double bottom mirroring the Double Top. It has presently met its objective and is facing a resistance from the Gann Grid lines. I have also calibrated the Gann Grid to be more precise and surprisingly this is now blocking the advance of ST Technology. I would expect at least the next few weeks that this counter would be moving south.
0 Comments:
Post a Comment
<< Home