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Sti Singapore - Technical Outlook for 17-Jan
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Publish date: Wed, 16 Jan 2013, 08:52 PM
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Today
STI suddenly fell and took support near the 3160 mark and closed
above the 3200 mark with gain from the previous day.
STI
previously trading in a channel called bullish channel from the last
3 trading session it traded below the channel and looking more
bearish and can took support @ 3150-3140 levels in coming days.
STI
now crossed this channel and traded below this level which will be
the cause of more bearishness in the market. If STI will able to move
above the upper level of channel than it will move further upside.
Support:
STI having
immediate support @ 3180 level and below this level it can take
support @3150-3130 will be the support zone for STI.
Resistance:
STI having
immediate Resistance @3215 and above this level it may take
resistance @ 3230-3245 levels.
Technical
indicators:
Technical
indicators are seems to overbought zone on charts.
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