STI with an abandoned baby chart parttern today - 2020.07.15

STI did a bullish abandoned baby reversal candlestick pattern to gap up back above the pitchfork channel bottom.  - 2020.07.15

Find more how to trade such a reversal chart parttern here : 

https://therobusttrader.com/bullish-abandoned-baby/

https://tradingsim.com/blog/abandoned-baby/

Find my daily STI chart update at WhalePool Traders Digest, https://t.me/NewsUpdateLearning

Wilmar has been building its accumulation base since 2012.

Wilmar been building its accumulation base since 2012. 

It has been pushing higher since last July / Auguest, as it had applied to list its China business, Yihai Kerry Arawana Holdings (YKA) on the Shenzhen Stock Exchange. 

"Wilmar's YKA may reach $19.7b valuation in IPO: analyst" 

Wilmar counts China, where it has more than 300 plants and a wide marketing and distribution network, as a major market.

Important news from Wilmar 

https://www.shareinvestor.com/news/news.html?source=sg_si_express&nid=211893

https://sbr.com.sg/agribusiness/news/wilmars-yka-may-reach-197b-valuation-in-ipo-analyst

https://www.theedgemarkets.com/article/wilmar-shares-surge-impending-subsidiary-ipo-draws-query

https://www.straitstimes.com/business/companies-markets/singapore-listed-wilmar-eyes-regulators-nod-for-china-ipo-in-early-2020

Find my regular updates at Whalepool Traders Digest, https://t.me/NewsUpdateLearning

SATS back at old habits?

SATS looks like having the habit to consolidate.

Will this time be different?

Currently, SATS is supported at oversold level 1.

It broke doen from its important mid-line during Feb 2020 amd then plunged rapidly further down, breaking through pitchfork channel bottom to test oversold level 1 in March 2020.

Find my regular free updates at 

WhalePool Traders Digest https://t.me/NewsUpdateLearning

Indecisive STI to find its direction soon?

STI these 2 days have been indecisive. Watch bulls or the bears to win the tug of war. 

Note the day high level of Tuesday and then the day low level of Wednesday, then see where the price go to breakout either this level, this will be the direction.

https://t.me/NewsUpdateLearning

Find my timely updates @ WhalePool Traders Digest, the channel for SG US Market news updates learning leisure entertainment lifestyle relationships building

What's next for US indices after its biggest turnaround in 3 months to end higher as Fed pledges to buy more corporate bonds?

https://t.me/NewsUpdateLearning

STI sharp pulled back. What's next?

Would STI rebound higher to fill the gap at 2690 or retrace lower to test 2580 or even further lower at 2544?

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Will DJIA rebound from its channel bottom tonight?

DJIA down 6.9% (-1861.81 points) @ 25128.18 as it closed on its parallel channel bottom with much higher volume by gap down significantly below its 200ma and then moved lower passed its 20ma. 

 - 2020.06.11