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Daily Market Trend and Analysis Guide

The document provides guidance on analyzing daily stock charts and making trading decisions. It discusses analyzing the trend, identifying support and resistance levels, and making observations from indicators like candlesticks, RSI, stochastic, and Bollinger bands. The conclusion recommends determining whether to take a long, short, or waiting position based on the analysis, key price levels to watch, and justifying position sizing or alternative strategies like breakout plays with expected success probabilities. Sectors of interest are also listed.

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mmclow
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139 views2 pages

Daily Market Trend and Analysis Guide

The document provides guidance on analyzing daily stock charts and making trading decisions. It discusses analyzing the trend, identifying support and resistance levels, and making observations from indicators like candlesticks, RSI, stochastic, and Bollinger bands. The conclusion recommends determining whether to take a long, short, or waiting position based on the analysis, key price levels to watch, and justifying position sizing or alternative strategies like breakout plays with expected success probabilities. Sectors of interest are also listed.

Uploaded by

mmclow
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Daily Chart Analysis

1. Trend : Uptrend/Downtrend/Sideways (Highs and Lows), 20MA (up/flat/down), MacD


(above/below 0)

Why : to decide to long or short

2. Support : Immediate level, next level

Support can come from moving average line or horizontal (classical support) line or window

3. Resistance : Immediate level, next level


Resistance can come from moving average line or horizontal (classical resistance) line or falling
window

Observations (in order of sequence):

1. Candlestick – White or black or any significant shadows?


2. Histogram – number of R or G? any bullish(e.g. trend is uptrend-higher high but RSI shows lower
high)/ bearish divergence is seen?
3. RSI – at which level? Overbought/ oversold? Any bullish(e.g. trend is uptrend-higher high but RSI
shows lower high)/ bearish divergence is seen?
4. Stochastic – Bullish(blue line crosses red line upwards – this is a buy signal)/ bearish crossover?
Overbought(blue line above 80%)/ oversold(blue line below 20%)?
5. Bollinger band – upper/ lower band? Squeeze?

Conclusion:

Long or short or wait?

Which level to watch out for?

Why and what’s the chances of the current price to go up/down?

If good chance, do ESP and position sizing

If not good chance, any other alternatives? E.g. play breakout? (if yes, do ESP for breakout strategy)
Sectors
1. Banks & Financials & REITS:
DBS, UOB, OCBC, SGX, Capitacomm, CDL HTrust, Suntec REITs, Ascendas Reits

2. Properties:
Capland, Kepland, CityDev, Wheelock, HKLand, Wingtai, Yanlord, Ho Bee, F&N

3. Commodities & Agriculture:


Olam, Noble Grp, StraitsAsia, Wilmar, Indo Agri, Golden Agri, First Resources

4. Off-shore & Marine:


SembMar, Cosco Corp, YangZiJiang, Kepcorp, NOL, Ezra (subsi is Ezion), KS-Energy, Swiber. Sembcorp(subsi is
SembMar)

Other STI Components:


ComfortDelgro, Gent Int, SIA, SMRT, SPH, ST Engg

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