STI Weekly Technical Data Analysis (21 Jun 2013)

Publish date: Fri, 21 Jun 2013, 05:57 PM

STI Weekly Technical Data Analysis

21 Jun 2013


Dear all,

Welcome back to our STI Weekly Technical Data Analysis.

Some points to note for this week's analysis (17-21 Jun 2013):
1) None of the counters are in the overbought region (RSI value 70 and above).
2) 3 of the counters is in the oversold region (RSI value 30 and below).

Technical Updates on the STI

After ending last week at 3161.43, the STI slid further this week to close at 3124.25 (closing end of today), with an intraweek high of 3235.09 and an intraweek low of 3065.42.

Following the 4th consecutive week of losses last week, the STI extended its losing streak again this week. Trading was very volatile with the index swinging in a 170 points range before ending the week somewhere in the middle.

With the index having reached another 6-month low, sentiments are still rather pessimistic. Unless the US and European markets recover strongly overnight, the local bourse is likely to remain more downside biased in the week ahead.

Until then, have a great weekend!





Discussions
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CapitalVia SGX

Thanks for your Technical Data Analysis..hope for STI upward on monday

2013-06-21 19:18

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