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Straits Times - Trading Strategy for Today 27-Nov
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Publish date: Tue, 27 Nov 2012, 01:03 PM
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STI closed its 2 week higher level and traded well above its 200 day MA level of 2974.18. STI looking bullish above its 2970 mark.
It's a 6th straight gain in STI and its formed a bullish candlestick pattern called White Opening Marubozu it is a single candlestick pattern characterized by a long white body. It has an upper shadow but no lower shadow. This is a strong bullish candlestick pattern.
STI trading above 3000 mark today which is good recovery sign, if it will sustain above this level then shortly will see more upside trading in STI.
STI Support Level
STI having nearest support @ 2990 level and below this level it can take support @ 2960-2940 will be the support zone for STI.
STI Resistance Level
STI having Resistance @3015 and above this level it may take resistance @ 3040-3060 levels.
Technical Indicators
Technical indicators are seem to recover from lower levels on charts.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
