Singapore Humble Stock

Author: humblestock   |   Latest post: Thu, 23 Jun 2022, 6:57 PM


The Week Ahead May 2022 - [STI, HSI, NASDAQ & S&P]

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16th May, 2022, 5:36 PM
The Week Ahead May 2022 - [STI, HSI, NASDAQ & S&P]

Another crazy week as inflation came in HOT but higher than april’s number. Although inflation slowed down but it didn’t slow down as much and market saw another slam dunk. Towards the end of the week, market saw some relief but was still down for the week. Well, will be just be a dead cat bounce or the end of the correction? To be honest, no one knows but what matters most is your time frame. Whether you’re a trader or investor. And that will make a difference.


As expected, STI pulled back last week but came off more than expected. Some support drawn on the chart and for now, the 5ema would act as a resistance now and would look for that to break above before any bullish move made. Looking for some rebound for the week as markets in the US are generally oversold. So some relief rally could potentially bring in some rally here.


HSI broke the 20k support as mentioned and head down to our first support. During the week, some news came out that china govt will be meeting the tech companies for discussion with regards to the crackdown. This helped market out as we saw a general rebound in tech stocks. HSI is currently above the 5ema but still below the downtrend line and the 20ema line in yellow. cautious bullish but not going in full size in terms of trading as HSI always comes down even after good news.

Head over to our face book page for analysis on S&P 500 and Nasdaq.




The post The Week Ahead May 2022 - [STI, HSI, NASDAQ & S&P] appeared first on Singaporehumblestock.

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