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STI

Straits Times Index (STI): Resistance Ahead

 

Despite breaking out of the kumo, STI may be hitting resistance soon.

1. Resistance level from Chikou Span is around 3201.65

2. There is a high possibility that it will retrace.with support at 3124 and 3063.

Target timeframe : 2 months for retracement.

Note:

Singapore election is just around the corner. Take care.

Categories
STI

STI : Chart for 22 April 2009

STI  Update :

STI has reversed and breakthrough the Tenkan sen support 2 days back.

Yesterday, it did not manage to stay above the Tenkan sen but is hovering around it.

Support level to watch : 1846 level.

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