Wanna Go Bintan?

Kim Eng Forex Trading Platform

Well, not too often mentioning Kim Eng. Finally KE house is catching up with the tide. It's better late than never. As you maybe interest to know what platform I prefer to use in my trading. Here it is:

1. For US options: Thinkorswim(TOS) from US, I would say it's the best of best platform I have been used so far. It also provides FX and futures, stocks trading. I have been using it for years. Good news is it will soon launch its new office in Singapore.

2. KE Trade: It has improved a lot since May this year. I like its free live charting and "4site" tab for me to customise my page.

Overall, I think Singapore local platforms are really hard to be praised as compare to US and Chinese ones, local platforms are far far away behind them. Aren't we "financial centre"? 

Anyway, KE just launched its FX arm. Here's the link if you want to know more: http://www.kimeng.com.sg/trading_tools/forex.htm

StraitsAsia

Many fundamental guys recently had a buy recommendation on SAR. Lookin at its chart, It's a pretty nice uptrending stock indeed. It's hit 2.8 resistance and retracing back. I'm lookin at its key support level for long entry. Two support levels:
S1: 2.6
S2: 2.4

Go long with CAO

CAO is rebounding from its support.

It's Taking the Course

Good Morning everyone, wish you a good week ahead.

On last week 29th Nov, I drew out STI's possible rebounce to 3215 level to form its right shoulder,(Click HERE) and now it hit it and coming down.  Below is the present chart:

Looking at the chart, it seems like making a classical Head and Shoulder pattern, but I'm not that bearish as it suggests, STI is currently trading around its major uptrend line. The overall uptrend is still intact.

Anyway, the head and shoulder pattern would be only confirmed when it break its neckline which is at 3120 level. I'm still bullish bias as for now. Let the chart decide its course.

Few Notable Charts

STI Momentum Bullish

As I posted the momentum charts last week (Click HERE ), STI momentum chart today had a bullish crossover.

I will just list down the long candidates below for your reference when you do your homework tonight:

Manhatton
Olam
Noble
First Resources
F&N
Capitaland
SGX
Cosco
Sembcorp

Straits Times Index

November is finally over, it's a rather painful month as the shooting star shows many have been trapped along the long tail. Take a look at the STI monthly, weekly and daily charts respectively. On monthly chart, it's fairly bearish but it has be confirmed by December, will the conventional "Christmas Rally" save us? Let see.

STI (monthly): Bearish

STI weekly: Neutral

STI Daily: Bearish