Nikko STI ETF - 07 Jun 2024

What does this stock chart says?

Nikko STI ETF - Bulls have been in control for 7 weeks.  

A trend in motion tends to be in motion till the pattern break.  

Let the market do what it intend to do.

Nikko STI ETF - 14 Jan 2024

What does this stock chart says?

Very clear sideways trend right.  :-)

Nikko STI ETF - 15 Dec 2023

What does this stock chart says?

Nikko ETF remains sluggish as STI contains mainly banks which are not in favor now.

Nikko STI ETF - 24 Nov 23

What does this stock chart says?

Nikko STI ETF looks week as it is inside the down channel.  

Nikko STI ETF - 17 Nov 2023

What does this stock chart says?

Seem stuck at the lower support and resistance.  

Nikko STI ETF - 13 Oct 2023

What does this stock chart says?

Unexciting as keep moving sideways.  No need to talk much. :-)

Nikko STI ETF - 29 Sep 2023

What does this stock chart says?

Neither up or down.  A directionless market.  The channel will get narrower till a breakout by either the buyer or seller.  :-) 

Nikko STI ETF - 22 Sep 2023

What does this stock chart says?

Symmetrical Triangle a symbol of indecision as the upper and lower look almost the same.

Nikko STI ETF - 08 Sep 23

What does this stock chart says?

Weekly chart shows that Nikko STI ETF is still  in an uptrend.

Daily chart show a DOWN ARROW..... hmmmm    ;-)

Nikko STI ETF - 04 Aug 2023

What does this stock chart says?

Price likely to stay around this level for a while waiting for direction.  

Nikko STI ETF - 14 Jul 2023

What does this stock chart says?

Last week, the bulls rejected the bears in full force.

Next week will determine whether the bulls are still strong as STI hit the upper resistance.  

Nikko STI ETF - 16 Jun 2023

What does this stock chart says?

Nikko STI is near resistance of 3.42.  If next week failed to move up strongly with high volume, it will go for a technical correction.    

Nikko STI ETF - 26 May 2023

What does this stock chart says?

Price seem to be holding for Sell in May.  

May have a technical rebound soon.  

Nikko STI ETF - 24 Feb 2023

What does this stock chart says?

Failed to break the upper resistance of 3.45 and price now back to lower support channel.

If failed to hold, likely to move down to next support at 3.25  

Really, charting lines can be all over the place and confusing, its up to the technical chart reader to read.  :-)

Nikko STI ETF - The Price Point for My DCA

What does this stock chart says?

Interest does not rise or stay low forever.

Identify 3 good support price  for my DCA

3.05 - 1st support

2.85 - 2nd support

2.60 - 3rd support

The 3rd support point might not be easy to wait as it only happened 4 times in Year 2010, 2011, 2016 and 2020.

Yield at close 3.12

Year	Yield	Total	Amount	Ex Date	Pay Date	Particulars
2022	3.35%	SGD 0.105	SGD0.055	2022-07-01	2022-07-15	Rate: SGD 0.055 Per Security
			SGD0.0496	2022-01-03	2022-01-17	Rate: SGD 0.0496 Per Security
2021	3.39%	SGD 0.106	SGD0.0506	2021-07-01	2021-07-15	Rate: SGD 0.0506 Per Security
			SGD0.0551	2021-01-04	2021-01-15	Rate: SGD 0.0551 Per Security
2020	4.06%	SGD 0.127	SGD0.0662	2020-07-01	2020-07-15	Rate: SGD 0.0662 Per Security
			SGD0.0606	2020-01-02	2020-01-15	Rate: SGD 0.0606 Per Security

Nikko STI ETF - Support and Resistance

Nikko AM STI ETF now at critical support level of 3.29 (STI critical support at 3191).  If this breaks, it will go down to next support at around 3.15

Resistance 3.47

Yield at 3.29

Year	Yield	Total	Amount	Ex Date	Pay Date	Particulars
2022	1.51%	SGD 0.05	SGD0.0496	2022-01-03	2022-01-17	Rate: SGD 0.0496 Per Security
2021	3.21%	SGD 0.106	SGD0.0506	2021-07-01	2021-07-15	Rate: SGD 0.0506 Per Security
			SGD0.0551	2021-01-04	2021-01-15	Rate: SGD 0.0551 Per Security
2020	3.85%	SGD 0.127	SGD0.0662	2020-07-01	2020-07-15	Rate: SGD 0.0662 Per Security
			SGD0.0606	2020-01-02	2020-01-15	Rate: SGD 0.0606 Per Security
2019	3.64%	SGD 0.12	SGD0.0602	2019-07-01	2019-07-15	Rate: SGD 0.0602 Per Security
			SGD0.0597	2019-01-02	2019-01-15	Rate: SGD 0.0597 /sec

Nikko STI ETF - Sideways Movement

Nikko STI ETF moving sideways since April 2021.

When price action start to move sideways after a pro-longed uptrend, a technical correction might be coming especially when the parallel movement is more than 3 months old.

Watch the next support price at 3.00

Year	Yield	Total	Amount	Ex Date	Pay Date	Particulars
2021	3.33%	SGD 0.106	SGD0.0506	2021-07-01	2021-07-15	Rate: SGD 0.0506 Per Security
			SGD0.0551	2021-01-04	2021-01-15	Rate: SGD 0.0551 Per Security
2020	4.00%	SGD 0.127	SGD0.0662	2020-07-01	2020-07-15	Rate: SGD 0.0662 Per Security
			SGD0.0606	2020-01-02	2020-01-15	Rate: SGD 0.0606 Per Security
2019	3.78%	SGD 0.12	SGD0.0602	2019-07-01	2019-07-15	Rate: SGD 0.0602 Per Security
			SGD0.0597	2019-01-02	2019-01-15	Rate: SGD 0.0597 /sec

Nikko STI ETF - Waiting For Direction

STI already up more than a year and now everything is at the all time high.

Nikko STI ETF is also waiting for further direction.  

What direction? 

Delta Variant direction, Inflation and the FED simulation.  

Resistance - 3.27

Support  - 3.15

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Nikko STI ETF - No Demand

Nikko STI ETF at resistance line and there was No Demand every time it hit that zone.

Resistance = 3.30

Support 1 = 3.20

Support 2 = 3.10

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Nikko STI ETF - Will It Rebound on Monday

Nikko STI ETF (G3B) may or not follow DOW rebound on Monday as the local COVID-19 cases continue to increase.  Interestingly, the price action just landed on the uptrend support line nicely.  If it cannot rebound, it is likely to go further down to the next support level at around 3.05.

As 20% (about 1.3 M) of the local population are fully vaccinated, many of these 20% will become asymptomatic and the usual body temperature checks might not be able to detect them unless we swab test everyone of them.  This maybe one of the reason why the local COVID-19 cases keep spreading.

Hopefully we can get enough vaccination for at least 80% of our population so that the majority can be protected from this deadly virus.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.