Create Your Own Saving Plan by Investing in High Yield Stocks

Below is the 9-month charts for high yield stocks (dividend yield > 3.5%, PE < 20, market cap >500M or I think worth putting). High yield stock are often used to generate passive income (AK from A Singapore Stock Investor Blog generates 200K or something dividend annually). Thus, you might want to create your own saving plan by investing in these high yield stocks.

Bullish Candle Sticks

Candlestick patterns are widely used in trading.  Here are 5 bullish candlestick patterns worth looking for. Remember that these patterns are only useful when you understand what is happening in each pattern. They must be combined with other forms of technical indicators/analysis to really be useful. For instance, when you see one of these patterns on the daily chart, move down to the hourly chart. Does the hourly chart agree with your expectations on the daily chart? If so, then the odds of a reversal increase. Below shows a bearish and a bullish candlestick.

Bullish candlestick patterns (1 or 2 candlesticks)

Engulfing

This pattern consists of two candles. The first day is a narrow range candle that closes down for the day. The sellers are still in control of the stock but because it is a narrow range candle and volatility is low, the sellers are not aggressive. The second day is a wide range candle that "engulfs" the body of the first candle and closes near the top of the range (it opened down). The buyers have overwhelmed the sellers (demand is greater than supply). Buyers are ready to take control of this stock!

Hammer

The stock opened, then at some point the sellers took control of the stock and pushed it lower. By the end of the day, the buyers won and had enough strength to close the stock at the top of the range.

Harami

When you see this pattern the first thing that comes to mind is that the momentum preceding it has stopped. On the first day you see a wide range candle that closes near the bottom of the range. The sellers are still in control of this stock. Then on the second day (opened at higher price than first day close price), there is only a narrow range candle that closes up for the day.

Piercing

This is also a two-candle reversal pattern where on the first day you see a wide range candle that closes near the bottom of the range. The sellers are in control. On the second day you see a wide range candle that has to close at least halfway into the prior candle (but opened down). Those that shorted the stock on first day are now sitting at a loss on the rally that happens on the second day. This can set up a powerful reversal.

Doji

The doji is probably the most popular candlestick pattern. The stock opens up and goes nowhere throughout the day and closes right at or near the opening price. Quite simply, it represents indecision and causes traders to question the current trend. This can often trigger reversals in the opposite direction.

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Daily STI and STI Components' Charts (one-year plots)

Below is the 1-year stock chart (click on the chart to get 3-month chart) of each STI component(*it helps to save some time for us). Please note that HPH trust is unavailable owing to some technical
issues