Double Bottoms spotted for Hi-P

Spotted this while looking at the charts that i have made. A confirmed double bottoms being made with significant volume. I shall observe n see what happens nxt :)

Some interesting observation on properties

Spotted Suntec Reit in top movers section.
Seems like a bearish rising wedge confirmed with a gap down when trendline broken



AllcoReit : Head and Shoulders formation confirmed with a gap down



Capitaland : Gap down with high volume with trendline broken

The Dow Jones live for another day !

Good news today ! The almost formed double tops neckline for Dow was not broken. It rebounded off with a white candle with average volume, forming which i tink by my noob knowledge, a bullish engulfing pattern. STI gapped up today with a white candle though volume was still lower den yesterday. I guess i can sense some caution here so i tink i should just observe for the new few days :)

On a lighter note, i met my gf's father and his wife for the 1st time at Great World City. It isn't dat great a shopping centre with not a lot of shops though zara is having 30% off and it looks like a battlefield inside there :) Anyway i was chatting with them den my gf mentioned to her dad my interest in the market. And the 1st qns i tink he ask me dat wat stocks do u tink he should buy ? Well, he is actually the 1st uncle i know who dabble in stocks, ( my dad not counted!) and my gf said he got burnt twice le so i guess actually there are more uncles and aunties out there who play the market den i tot there will be.

STI looks darn bad

STI looks darn bad today with the Dow making closing at a lower price. There was a gap down today and the falling prices was accompanied by an even greater trading volume. Earlier on, despite the STI making higher highs, there was volume divergence shown on the OBV and the RSI failed to make a new high. Next support level at the 50d EMA. On a lighter note, tink my fibbo retracement like a bit wrong liddat. The 100% line dunno leveling at where. Better go dig out my texts. :)

Waiting for the 'Dow' to lead

So far been learning the the Dow Jones Industrial Average leads the SGX cos we are only a small red dot while they are zillion times bigger den us :D. Dow not looking that pretty here as it may be forming a double tops pattern though not yet confirmed. Once it pierce the neckline, a double tops pattern is confirmed ! Looking at the technical indicators, MACD and RSI showing bearish divergence. Furthermore i tink got black candles with high volume near the top which is of cos not good la . Yesterday it formed a doji so i guess the market showing some indecisiveness. I heard fundamentally there are some important reports that will be released which might affect the mood for this month but oh well, whatever that is being released fundamentally will be reflected in the charts too. Too lazy to find out what is happen fundamentally oso :)