CHARTPOINT

Bigger correction to DAX expected

THE Deutsche Boerse AG German Stock Index (DAX) has seen price levels spike over the past 10 years from 7,000 price levels to above the 10,000 price levels currently. We can also observe resilience in the DAX during the euro zone debt crisis in 2013. Despite the weakening of the German economy,...

CHARTPOINT

Downside risk looms for Nikkei 225

THE Nikkei 225 has experienced a strong upside since September 2019 after it broke the high of 22,372 in the second quarter of 2019. The strong move made Nikkei 225 the best-performing index in Asia, outdoing traditionally high growth equity markets like Hong Kong's Hang Seng Index and China's...

CHARTPOINT

Range-bound scenario likely for STI as it begins new decade

WHAT can we expect from the Straits Times Index (STI) in 2020? The STI has not been making much headway in the aftermath of the 2008 global financial crisis. We saw a huge accelerated drop from 3,906 to the low of 1,455 in Q1 2009. Although there was a recovery in Q2 2009, the rally was not...

CHARTPOINT

Yangzijiang's bullish momentum weak

YANGZIJIANG has been a hot stock among local investors and traders alike since 2007. The stock price then plunged during late 2007, six months after its initial public offering (IPO).

CHARTPOINT

Results meet expectations but StarHub still faces headwinds

STARHUB Q3 2019 earnings met street expectations for the first time in a while. This provided relief to the stock as we see a strong bullish spike from S$1.30 to S$1.46, a record 12.3 per cent jump in its share price. Mobile service revenue seemed resilient, considering the intense competition...

CHARTPOINT

Bullish uptrend seen for DBS

DBS Group's share price has come a long way since 2015. The bull runs strong for the largest bank in Singapore as it broke the 30.00 mark in March 2018, marking a new historical high.

CHARTPOINT

Nikkei 225: Final bull charge seen

THE Nikkei 225 index has made a significant recovery since the 1990s. The index for the Tokyo Stock Exchange broke new high in mid-2012 after a prolonged period of range-bound trading.

CHARTPOINT

KLCI: Correction before the next supercycle

THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (KLCI) has been the better performing index compared to its neighbour Singapore's FTSE Straits Times Index judging by the strong rally from 2008 to 2019.

CHARTPOINT

Dow recession signals not straightforward

THE Dow Jones index is one of the oldest indices in America and has some age old wisdom when it comes to predicting the market movement. The Dow Theory was theorised by Charles H Dow more than 100 years ago. He is widely considered to be the father of modern technical analysis and much of his...

CHARTPOINT

Trend for Venture Corp still bullish

VENTURE Corporation's stock price has been rising steadily since 2016. It broke the previous high of S$10.00, which is located at the wave "a" top. However, the stock price began to falter at the start of April when the stock did not manage to break the S$30.00 psychological level, let alone the...

CHARTPOINT

Ascendas Reit rally slips after breakthrough

ASCENDAS Reit has risen steadily year after year since the recovery in 2009, post financial crisis.

CHARTPOINT

Straits Times Index slowly gaining traction

MENTION the Straits Times Index to investors and they may respond with a gloomy look on their face. Why are we so pessimistic about our local index? The gloomy perception may be justified when you compare the STI to its peers in the US - the DJIA, SPX 500 and NASDAQ 100. These indices has been...

CHARTPOINT

Bullish Dow poised to break through 28,000 level

AS we enter the second quarter of 2019, we cannot help but look back at the fourth quarter of 2018 when the Dow Jones Industrial Average plunged 600 points - a black spot in US market history.