Singapore one of the Asian Tigers in the 1990s with Hong Kong, South Korea and Taiwan known as "Four Asian Dragons or Four Little Dragons, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates (in excess of 7 percent a year) between the early 1960s (mid-1950s for Hong Kong) and 1990s. By the early 21st century, all four had developed into high-income economies, specializing in areas of competitive advantage. Hong Kong and Singapore have become world-leading international financial centres, whereas South Korea and Taiwan are world leaders in manufacturing electronic components and devices. Their economic success stories have served as role models for many developing countries, especially the Tiger Cub Economies of southeast Asia.
A controversial World Bank report (The East Asian Miracle 1993) credited neoliberal policies with the responsibility for the boom, including maintenance of export-oriented policies, low taxes, and minimal welfare states; institutional analysis also states some state intervention was involved.[4] However, others argued that industrial policy and state intervention had a much greater influence than the World Bank report suggested", quote by Wikipedia.
https://en.wikipedia.org/wiki/Four_Asian_Tigers
Year 2018 had been an unexpected tumultuous year in global financial markets, seen a technical bear markets across commodities, Indices, equities and foreign exchange currencies with 20% or more selloff from their recent highs.
lets take a look at STI technical analysis chart on what year 2019 and beyond will present an opportunity.
STI Monthly Historical 28.12.18
STI Monthly Historical Technical Analysis Chart 28.12.18
Based on the charts, STI historical all time high is 3906 points in year 2007, STI displays a bullish chart formation listed
1) Ascending Triangle using double blue color lines classical neckline that connects all the peaks couple with red color uptrending support line that connects all the higher lows trough.
2) Rounding Bottom where am orange color line that connects the peaks and troughs, using simple mathematics formula, we can identify the minimum target of Y axis drawn. It is observed an orange color vertical line drawn name Y axis that connects the green color neckline and the upper blue color neckline, 3906 - 2521 = 1385 + 3906 = 5285 points as the minimum target.
STI had been trading rangebound or consolidating from year 2010 till now have not break all time high of 3906 points yet.
Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.
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