Document the journey of my stocks investment as a strategic investor. Record of investment portfolio performance, stocks analysis and market analysis. Trade like Jesse Livermore, Invest like Benjamin Graham, Think like 诸葛亮.
Monday, December 13, 2010
SG Market Analysis -- 13th Dec 10
STI forecast for the week 13th Dec - 17th Dec 2010.
If STI was to still able to maintain trading within its channel, the following lower and upper boundary should be valid.
13th Dec : lower boundary, upper boundary = 3,180 - 3,223
14th Dec : lower boundary, upper boundary = 3,186 - 3,227
15th Dec : lower boundary, upper boundary = 3,190 - 3,232
16th Dec : lower boundary, upper boundary = 3,195 - 3,237
17th Dec : lower boundary, upper boundary = 3,200 - 3,242
Note also breaking out of the channel ( to the upside or downside ) must accompany with high volume else the breaking out/down will be considered invalid.