Hi there! Above is a weekly chart of the STI. It closed above the 50% fibonnaci retracement last Friday. This is a very good sign. Major resistance remains at 2745; if the STI manages to close above that level, there is a good chance that it will move strongly towards the next Fibonacci level, which is at 2984.
I think a good strategy now would be to accumulate on weakness.
No comments:
Post a Comment