Straits Time Index (STI) - My Stocks Investing

Straits Time Index Review: Supports and Resistances

Post author:Marubozu
Post published:September 2, 2011

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.

Straits Times Index (STI): A Big Correction Ahead?

Post author:Marubozu
Post published:June 12, 2011

Straits Times Index (STI) has been trading within a Symmetrical Triangle for 3 months but broken down with a long bearish candle last trading day. This breakdown of a Symmetrical Triangle may send STI index down to 3,000 level which is also a psychological support level.

Also take note that the current STI is trading below all 4 Moving Averages (20D, 50D, 100D and 200D), 20D MA is crossing down 200D MA, MACD in Bearish Convergence region…. other technical indicators are also showing the bearish momentum of STI index.

I am bearish on STI in the coming weeks. Any BULL out there to share your view?

STI: Facing Resistance

Post author:Marubozu
Post published:March 27, 2011

STI has been on the bullish last week. However, STI may have reverse the trend as the Singapore Straits Time Index is facing the 200D MA resistance at about 3070, followed by 50D MA resistance of 3100. If STI does reverse at the 200D MA resistance, a “Lower Low, Lower High” down trend pattern continues…..