Biz Direct MarketKnowing When To Make A Good Decision

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]

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The market faces heavy resistance when the FTSTI is at 2,700 points level. The market has been testing this level 4 times in the past one month but failed to break above it. The last test on the resistance level was on the 23rd of September and then fell for two days to close at 2,662.82 points on the 25th. It was another yo-yo month for the Singapore equity market which has gone into a bullish

The market opened positively Wednesday with a new year high after the Aidilfitri holiday. The FBMKLCI opened 10 points higher from the closing before the holiday to 1,231.33 points Wednesday. However, the bullish sentiment was not sustainable as regional markets start to weaken and investors lock in profits. The benchmark index then fell to 1,219.07 points. Another 1 point is taken away from the

Continued from Part 1…DAY 2 EXITThis is a two day trading strategy. Day two is about profits. There is no intention to extend this trade into a third day. Prior to the open our focus is on the order lines. We look for evidence that buying pressure is continuing. There are two ways to determine this.The first uses the estimated match price. This is set at $0.61 and represents a gap above the

The market extends its bullish rally last week as sentiments continue to improve. The FBMKLCI gained for the 4th consecutive week. The FBMKLCI rose another 17.52 points or 1.45% from the previous week to close at 1,218.80 points, another high for this year. The benchmark index traded in a narrow trading range between 1196.46 and 1,220.47 points. With a long break coming ahead of the Hari Raya