update on STI

Good afternoon, here is a short comment on the STI. Trading volume over the past 4 weeks has been anemic. Middle term trend of the STI, as shown by the moving average line, is now flat. Momentum, as shown by the MACD line, is still down.

So what we have is still a mixed picture. I guess it would be prudent to wait till some trend emerges from this muddled picture.

update on STI

Hi there! Just a quick update on the STI. Above is a weekly chart of the STI. Momentum of the STI is still down as shown by the MACD. The trend, shown by the moving average line, is now down, with the STI unable to close above this line over the past 4 weeks. Support is still at the 50% Fibonacci retracement at 2695.