Straits Time Index (STI) is currently trading in an Uptrend Channel but will probably have trend reversal as it is facing the uptrend resistance at about 3,230. Immediate support is at 3,130 which is the 20D MA support followed by 3,040 which is a 50D MA support (also the uptrend channel support). Breaking below 3,040 indicates the end of uptrend.
- Post author:Marubozu
- Post published:October 17, 2010
- Post category:Straits Time Index (STI)
- Post comments:0 Comments
Tags: Up Trend Channel