Sunday, September 13, 2009
Updates on the STI
Hi there! Above is a weekly 'line-on-close' chart of the STI. I zoomed it pretty close so that you can see that it has just about broken out of its trading range. Volume is picking up also, so i think upside potential is pretty strong.
Above is a daily candle stick chart of the STI. The 2700 level still seems to be pretty strong resistance, but looking at the momentum via the MACD, it looks like it will be broken very soon.
Tuesday, September 1, 2009
weekly update of STI
Good morning, just a quick update on the STI. Above is a weekly line-on-close chart of the STI. I decided to use a line chart this time instead of a candle chart to illustrate that the STI has been range bound for the past 5-6 weeks. The upper boundary is at 2647, while the lower boundary is at 2538. So what do we do? For a medium term investor, i would suggest getting out of the market if the STI closes below 2538. If the STI manages to reverse and to close above 2647, then it is safe to get back into the market.
Subscribe to:
Posts (Atom)