Investing
Haven
No Result
View All Result
Wednesday, January 27, 2021
  • Login
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
Crypto investing >>
Investing
Haven
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
No Result
View All Result
Investing Haven
No Result
View All Result
Home Breakout / Breakdown

Singapore Stock Market Index FTSE STI To Break Out In 2018?

by Ralf Lai
November 05, 2017
in Breakout / Breakdown
0
Tags: 2018 ForecastsSTI
2.1k
VIEWS
Share on FacebookShare on Twitter

The stock market index of Singapore, the FTSE STI, seems poised for a multi-year break out, and it could happen as early as the first days of 2018. Let’s take a look into this.

Ever since Singapore which is the smallest country in South-East Asia achieved independence on 9th Aug 1965 it has characterized itself by relentless forward-looking economic and financial progress. Think of a globally top-notch airport hub, leading Airline services, first ever country to organize a night-race for most prestige race event (Formula 1 Grand Prix) to the most powerful passport … All these signs clearly indicate that it is global leader in many areas.

The FTSE Straits Times Index (STI) is a capitalisation-weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange. The index point is jointly calculated by Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE).

Singapore Stock Market Index FTSE STI Breakout In The Making As 2018 Kicks Off

At a time when major indices around the globe have major bull markets running in full fledge the STI index – as shown on historical monthly chart below – has not made a major move as of yet. But it seems that the tide could be turning because price has been consolidating in a pseudo-triangle pattern, and it gradually moved up towards the downtrend line.

singapore stock market index FTSE STI 2018

We highly suspect that within the next 1-2 months the price of the STI index will break out of the upper downtrend line of the triangle. In case that happens (which is still a big IF) the next immediate target will be the top which was set in October 2007 right before the global economic crisis hit around 3870 points. Breaching beyond 3870 level, it could hit ±5400 in about 3-5 years.

Note: as always, a much as we are optimistic about the breakout, please do consider how much you can afford to risk before you decide to put some funds in the Singapore equity market.

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Ralf Lai

Ralf Lai

Ralf Lai has a scientific background. He learnt investing the hard way. He invested his hard-earned savings in stocks back in 2011, at the highs, partly due to his ignorant beliefs in financial news. He decided to stop following mainstream financial news, and start reading every technical analysis book available. In doing his analysis he discovered a passion in researching the WHY question behind movements. Combined with the fact that he is a very curious person, and an insatiable appetite to learn, he started learning the ability to decipher charts. He has developed into a TOP-DOWN approach, meaning monthly historical data and daily or 4 hour entry using candle as an entry signal, indicator. With his sharp analysis he joined the InvestingHaven team in October 2017.

  • Trending
  • Comments
  • Latest
silver prices

A Silver Price Forecast For 2021 *Silver 30 USD Underway*

January 2, 2021
gold price

A Gold Price Forecast For 2021 *Gold 2200 USD Underway*

January 2, 2021
dow jones

Dow Jones Long Term Chart on 20 Years *10 Must See Charts*

October 26, 2020
dow jones

A Dow Jones Forecast For 2021 *New All Time Highs*

January 2, 2021
lithium mining stocks

Lithium Stocks on Fire In 2021

0

Protected: [Emerging Markets/Gold/Silver] Heads up Template

0

Protected: [SPY] Heads up Template

0

Protected: [GOLD] Buy Alert Template

0
lithium mining stocks

Lithium Stocks on Fire In 2021

January 24, 2021
bitcoin trade

Is This Topping Pattern In Bitcoin Really Concerning?

January 24, 2021
bulls bears

Stocks Ragingly Bullish But Do These Charts Suggest A Better Entry Level Is Underway?

January 24, 2021
attention

‘Watchout Chart’ For February 2021: US Dollar

January 24, 2021

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026

Site Navigation

  • RSS Feed
  • About us
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2021 Investing Haven

No Result
View All Result
  • Premium Services & Login
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2021 Forecasts
  • Markets & Stocks
  • Commodities & Gold
  • Crypto Markets
  • Mission 2026

Copyright © 2021 Investing Haven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In