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STI Singapore Weekly Forecast for 05-09 Aug 2013
Your Advisor
Publish date: Fri, 02 Aug 2013, 09:06 PM
Your Advisor
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- As we previously mention that STI trading in an inverted pennant, but not given breakout yet.STI trading above its 50 Week EMA level and looking bullish above this.
- As per the pattern forming in weekly graph If STI maintain above 3275 mark then it will be in bullish zone and on the other side if STI breached 3200 mark and 3180, then we can see bearish trend in STI.
- Technical Indicator MACD and RSI looking positive as MACD is showing bullish crossover and RSI trading above 50 i.e. centreline.
STI
Resistance:
- STI having Resistance @ 3280 and above this level it may take resistance from 3305-3335 levels.
STI
Support:
- STI having nearest support @ 3210 below this 3180-3140 will be the support area for market.
Technical
Indicators:
Technical
indicators are giving positive impression.
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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....
