Singapore bourse has strongly rebounded from the recent double bottom near Bollinger band 2920 and went past crucial 3000 level recently. This is past 2 moving averages and STI is poised to resume bullish trend. Next important resistance will be at 3150. Volume has been good but not among the highest and this serve to show some investors are still…
Tag: Straits Times Index
Straits Times Index STI – Crucial period, Watch for breakouts | Stock Prices & Market | Singapore
With news of the Japan earthquake & nuclear crisis easing, no further aggravation of Libya’s bombardments, coupled with technical recoveries of US markets (Dow Jones Index, S&P, Nasdaq), Straits Times Index (STI) has also make some good headway with its index value staging a good recovery for almost a week from the trench support. It is now at a crucial…
Straits Times Index (STI) – More consolidations for reversal attempts| Technical Analysis | Stock Market | SIngapore
It was a rather turbulent week with investors reassessing political impacts. Straits Times Index (STI) has managed to scale up some nice gains but did not manage to hold past 3065. All indicators are showing initial hit of bottoms – DI+/DI- is crossing, MACD has ticked past 0, OBV is growing, and RSI is improving from the past oversold status.…
Straits Times Index STI – More weakness ahead – Stock Price / Stock Investment – Singapore Stock
The Straits TImes Index STI has breached multiple support in a span of one week, definitely a trend reversal. Funds are rushing out. DI+/DI- is widening with ADX rising. OBV is correcting downwards. Only consolation is to have a slight reprieve with RSI in oversold. 3080 as next support. Failure to hold, index will strike range (3000 – 3080). This…