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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.

10/13/2013

ST Technology Index re-visit

I have earlier done a read on ST Technology index. I have mentioned that the advance is blocked and should be heading south.



I did a revision on the ST Technology today, I have written that it would be reversing, I have no idea how serious it would be. ST Technology was really affected by the sell down the last 2 weeks. It shot all the way down. If I consider the objective of the earlier double top, the index minimum target is 448. However, it went all the way to 331. It reached one of the lower support line. I am not sure if this level will support the index or will it fall further, the next level is 270.

Seems like ST Technology is not doing that well......

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