Thursday, August 29, 2019

An oversold STI had an V-shape recovery which close the day +25.36 at 3081.83 points. The long bullish candle engulfed the 3 previous candles. This was the 4th day after STI had gap down lower. See charts attached

STI got back inside the pitchfork channel bottom and closed above the 5ema which has been tracking it lower. A bullish engulfing candle.

Source : 

https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents
https://sginvestors.io/market/sgx-breakout-price-52-week-high
https://sginvestors.io/market/sgx-breakout-price-52-week-low
https://www.investingnote.com/posts/1596323#

Singapore business news

https://www.businesstimes.com.sg/stocks

https://www.straitstimes.com/business/companies-markets

https://www.theedgesingapore.com/

US Indices & stocks performance

https://www.investing.com/indices/

https://money.cnn.com/data/fear-and-greed/

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