To The Moon

Singapore's stock market closed higher on Tuesday, following a positive gross domestic product growth in Q2 with one eye on the upcoming US inflation data.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,242.03 and 3,270.45 throughout the day. It ended the session at 3,258.57, up 23.19 points or 0.72% compared to Monday's close.Singapore narrowed its GDP growth forecast for 2024 to 2% to 3% from a previous range of 1% to 3%, as per data released by Singapore's Ministry of Trade and Industry.In company news, shares of Yangzijiang Shipbuilding surged nearly 15% after the company disclosed a 77% increase in attributable profit to 3.06 billion yuan for the first half of 2024.COSCO Shipping International was up nearly 4% in Singapore at close, as the company's profit attributable to equity holders rose 16% to SG$2.3 million in the first half from SG$2.0 million a year ago.Trans-China Automotive's stocks rose 4% despite the company reporting a widened

Allow me an ever so brief digression. There are many other analysis methods out there. Some use technical indicators. Others use candlesticks. There are books written about the meanings behind the formation of these. What we find lacking in that certain viewpoint is that much information is lost inside the stick. The formation of the move up or down contains pertinent price action that will tell the properly trained analyst what is more likely to happen next. How does it do this?The market is fractal in nature. It also displays self-similarity at all degrees of its structure. These forms will repeat at the smaller and then the larger time intervals. “How” a stock or an index arrives at a certain place on the chart will tell us what the probable path going forward will look like. How does this help us in the BABA chart?

Seatrium shares are surging following its announcement on Saturday that it has won $11 billion in new orders from longtime customer Petrobras.Seatrium shares surged by as much as more than 11% to $1.7

A tough word from Chinese state media on the investor frenzy over artificial intelligence stocks see

Palantir Technologies (NYSE:PLTR) shares fell sharply on Thursday after the data analytics software

Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine.The spark came as Jake Sullivan, the White House national security adviser, warned Friday afternoo