Straits Time Index Review: Supports and Resistances

 


Straits Time Index (STI)

  • Resistances:  2,914 (78.6% Fibonacci Retracement Level); 3,000 (Psychological Resistance and 50D MA)
  • Supports: 2,840 (20D MA); 2,800 (Psychological Support); 2,678 (Previous resistance turned support); 2,600 (Psychological Support and 61.8% Fibonacci Retracement Level)
  • Trend: Start of Down Trend.

 

This Post Has 2 Comments

  1. Free September 6, 2011

    Hi..

    i see many Fibonacci lvls drawn on ur chart. does the free version of chart nexus allow for drawing of the Fibonacci lvls?

    Thks.

  2. Marubozu September 10, 2011

    Hi Free,
    Yes. You can use Fibonacci tools in the free version.

    Marubozu

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