On 21/Apr, Singapore shares ended weaker Wednesday, continued concerns about credit tightening in China and some profit taking erased Wall Street-driven gains yesterday.
STI ended 13.72 points (0.5%) lower at 2967.65 points with 2.05 billion shares traded compared with 1.89 billion Tuesday. In the broader market, loser beat gainer 288 to 228. Overall the pressure for “Selling down” is increasing (VOL increase) as investors starting to take more profit off the table and expecting a pullback to happen in the coming weeks.
"It's a wait-and-see game now," a trader at local brokerage said. "People are not willing to bet more, but there's also not much selling pressure."
Today Genting Singapore
Important Resistance of Genting: $0.91
Immediate Support of Genting: $0.845
RSI: Slightly bearish at 43%
My sentiment on Genting: More selling pressure will be expected as we approaches Marina Bay Sands great opening. If interested, do monitor the VOL and wait for the SELL DOWN pressure to ease before entry. Do look out for the support at $0.845 as another sell down will occur if broken.
4 comments:
I think its going up tomorrow due to the RSI divergence.
Hi, I am working for an advertising company to source for advertising space on popular blogs. I have recommended your site to my company.
We have taken a keen interest on it. Are you interested to let us place advertisements on your blog? We will pay you the fees upfront, into your paypal account in USD. A sample of our advertisement (CFDs investing) has been placed on my blog (http://sgbluechip.blogspot.com/) and no clicks or minimum impressions are required.
Please contact me at sgbluechip@gmail.com if you are keen! Thanks!
Hi Anonymous
For me, I do not usually trade based on RSI/MACD divergence but these observation will serve as a reference for my trading.
There are some stocks who RALLY for few mths despite MACD having lower peaks thus i find that it is not a accurate way to judge. But of cos that my method to trade.
Thanks for the head up anyway.
Hi Sgbluechip
I am flattered by your comment but currently i am discussing some "sponsorship" with an investment company thus i would not do any things yet till their decision is out.
Anyway, thanks for your offer. If my negotiation failed, i will email you as soon as possible.
Post a Comment