Did you know Singapore has the most powerful passport in the world now?

We can visit 159 without applying for visas now, that beats Germany by 1 country.

The STI has seen a good rally, we even made a new high a couple of days ago, but I don’t think it’s because of this news =)

But that 3350 is not considered broken through yet.
We have a couple of new setups to watch, one long and one short.

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STI

We’re now testing the previous swing high at 3350

Looks like we have more upside coming.

STI breaking new highs again

Genting

Looks like we will get a signal soon.

Keep your eyes open.

Genting will have a signal soon, keep a close watch.

Hi-P

Still looking strong.

Be patient and follow system.

Hi-P still going, be patient and follow system

SIA Engineering

This is a short setup, do note that the STI has been heading higher and can continue further if it can clear this 3350 level.

On SIA Engineering, the 3.20-3.30 level has been a major support level for many years since 2010

Usually we would see a quick rejection when price tests this level.

This time however, we see price stuck in this area without buyers jumping in.

Price has recently just reset the signal with a couple of blue candles.

First signal was a very strong down move.

That triggered two weeks ago, since then price has been making a very slow retracement.

The trade still looks good, if this major level breaks, we could see a move down to 2.90

SIA Engineering not making strong rejection from this level.

OUE

It has broken out of a 6mth consolidation.

This is the second valid signal, which is more convincing than the first signal, because this one broke the resistance of the past 6 months range.

Around 2.20 is the first target, followed by 2.28 then 2.40 and 2.70

OUE breaks out of 6 month consolidation

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The post 25th Oct STI Market Update: STI Breaking New Highs Again. appeared first on The Systematic Trader | Trading Courses | Collin Seow.