Tag: Profit Taking

Straits Times Index (STI) – consolidation continues with positive bias | Profit taking for a cheaper re-entry | Singapore Stocks Market

by Editor on January 19, 2012 in Investment Tips & Guides • 0 Comments

After the gap down for Singapore Straits Times Index in August 2011, the index underwent series of sideway consolidation. Support will be at 2600 and resistance will be at 2900. Mid term wise, the index is poised up though MFI shows that funds are not driving the recent gains. The index should continue its sideway consolidation with positive bias until…