$STI-SES, $200-FTSB, $N225-NKI: Asian Stock Market Monthly Update

Posted on September 6th, 2017 by

STI INDEX:

$STI-SES Singapore Stock Market Monthly Update.   Since June 2009, the Singapore stock market has been in a consolidation pattern between the low region of 2528 and the high regions of 3548.   This monthly update will analyze the market to see the current state of the market.

Below is the MONTHLY STI index based on esignal chart:

As you can see, on Aug 2017 it fell below the support level @ 3308.61. This month, that support has become its resistance. Be cautious as the Monthly is still in a consolidation pattern. It has a higher probability this month to be bullish since momentum broke out from price. However, as long as price is trap in the consolidation pattern then the bullish trend cannot start yet.

Let us look at the Weekly chart. Below is the Weekly STI index based on esignal chart:

By zooming in to the weekly chart, we can see that price had fallen into the Weekly TS. The Weekly TS became the resistance after the second week of Aug. It then resisted price’s bullish movement twice. It could ping pong between the flat ts and flat ks.

Next, we head down to the Daily time frame. Below is the Daily STI index based on esignal chart:

The start of Aug 2016, the STI D chart was in the peak of it’s bullish move, which started on 14 July that ended the consolidation started in May 2017. Price is setting up to be bearish and has formed a bearish pivot (Strategy 4) on the 30 Aug.

 

Nikkei 225 INDEX:

$N225-NKI Japan Stock Market Monthly Update.Since April 2013, the Nikkei 225 has been trending bullish and only did a minor pull back in 2016 but broke the critical monthly support (17901) in Nov 2016. Since Dec 2016 it has been hovering for 5 months unable to break an iMTF™ resistance at 19295 that is until May 2017, which it managed to break the iMTF™ level. It then broke the Monthly resistance on 19601 (pivot high) on May 2017.

As of Aug 2017, the Nikkei broke the Monthly support @ 19842.19. Its next target should be the 19251.95 level where the M iMTF™ and flat TS support is. We shall see if the TS flat can hold price on Sept 2017.

Below is the Monthly chart provided by eSignal:

Weekly is bullish but weakening as momentum got into price. Wk price broke the TS support and currently is bouncing between TS and KS. M support is also the Wk Flat KS. price has rebounded on the flat KS, it means that this is a strong support.

Let’s look at the Weekly chart. Below is the Weekly chart provided by eSignal:

Daily has been in a consolidation pattern since Dec 2016. Aug 2017 saw Daily price broke below the cloud and is preparing itself for a bearish breakout. The next support is at 19251.95, which is also our ichimoku entry.

Let’s take a look at the Daily Chart provided by eSignal:

 

Bursa Malaysia KLCI INDEX:

$200-FTSB Bursa Malaysia Stock Market Monthly Update.Since Sept 2015, KLCI has done a major pull back into the cloud and has been consolidating from there ever since. Last month (Aug 2017) price was held by an iMTF™ resistance for the fourth time at around 1771. The bulls will have high probability (due to momentum) after August 2017 if it maintains a more horizontal movement. Momentum has broken out of price and price has came out from the cloud.

Below is the Monthly chart provided by eSignal:

Weekly has been in a consolidating pattern since September 2015. Weekly price was supported by the SKA level and as the TS sinks, and price got above the Flat Tenken Sen. Its immediate resistance is the Flat SKB @ 1784.01.

Let’s look at the weekly chart provided by eSignal:

In Aug 2016 daily price has been in consolidation. Momentum for Daily on the month of Aug has become Neutral as momentum enters the cloud. Since price is in consolidation, it has the probability to move between 1784.01 and 1751.26.

Let’s look at the Daily chart provided by eSignal:

 

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