STI is really not going much of anywhere recently. The greens on our scan results are not strong these few days.
No really ideal candidates to buy at the moment.
However, a couple are interesting and if they can move up with valid signals appearing, should be good.
Factors For: Currently in a consolidation, it was moving higher prior to this.
Factors against: Not a valid signal because TIF is still ed.
Conclusion: Follow system, no trade yet. Broadly it looks interesting so think can keep in view for a valid signal upwards.
Factors For: Trying pretty hard to break through this resistance area to continue the trend up.
Factors Against: Not a valid signal because TIF not blue.
Conclusion: No valid arrow means no trade. But also can keep in view for valid signal upwards at a later date.
Factors For: Unable to break above that 2.15 level still.
First valid signal on the 17th of Nov, no valid 2nd arrow yet.
Technically, it looks like a valid short and we are able to get same or better price than the first arrow.
Factors Against: Uptrend since March, but consolidating since September. Suspect trend is now downwards, so it’s quite a fresh trend.
Conclusion: Personally think can consider scaling in if can accumulate a bit at first arrow’s price or better. Keep a decent stoploss.
Good trading folks!
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