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Analyst Reports 20: Point of Reckoning
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As a follow-up to my 2 last posts, I’ve decided to do some charting today because it does seem that we have reached a point of reckoning for most markets.
It’s amazing to see STI keep climbing up without Respite and Despite negative news. Even on recent Tuesday, STI closed up higher [...]
SIA TA Chart – 23/10/2008
Given the last few days of selling after the bear rally, SIA has even broken the July 2006 support as well. Despite the market and the counter being severely oversold and a rebound is very likely at hand, SIA might even go below the $10 mark in the future before resuming its uptrend.
From a fundamental [...]
SIA TA Chart – 14/10/2008
After many waves of selling due to the credit crisis (can you imagine the country of Iceland has gone bankrupt!), governments around the world has coordinated some moves to save the economy. Investors are going through a buying phase though it might not last long.
Downtrends of most markets are still firm and selling pressure might [...]
SIA TA Chart – 07/10/2008
Given the recent events that surrounds the global credit crisis, SIA has finally succumbed below a 10-month long trading band. As seen below, SIA closed on the outside and downside of the triangle formation firmly @ $13.5.
Based on Aug 2006 values, $13.5 region is the support level too.
Whilst we might see a likely rebound soon, [...]
SIA TA chart 03-10-2008
Here’s my take on the technical analysis chart on SIA.
It’s one of my favourites now because it is trading within a band between the figures of $14 and $16. The support has been touched 3 times and it can be concluded as very firm. I have posted in a previous post when the bailout did [...]
