Wednesday, November 18, 2009

STI is bullish

STI is bullish, no correction.

Singtel

Singtel seems to have gone through 3 phases of consolidation. With each move down, the time period seems shorter.

MACD had a buy call on 13th November when it cut across the signal.
RSI seems to be moving up.
Momentum also.
But MA looks terrible, all cutting down.
Any implications of 3 consolidations?



Gold


I am so dead. Did not realise that there was a chart with indicators for it. Was bullish since Aug 10 to 24, cut above the 50 MA line. Backtested twice.
RSI is now slightly overbought but it matches the increase in price.
At Nov 3rd, MACD has a positive cutover.
I need to buy back at 1075 to cut loss?
Oh my goodness, I shorted without a chart.