Hello,
just a quick update to the STI after the close today. Above is a daily chart of the STI. Support at the previous swing low (about 3119) appears to hold. Index level as bounced back to close just above its 50-day moving average. It would be good if the STI can follow the middle fibonacci fan line, but right now, support at the 50-day moving average is still holding. Short term outlook is sideways with a slight upwards bias. Longer term outlook is still up.
No comments:
Post a Comment