Today, the STI closed above the 200day moving average and below the 50day moving average. Momentum is still strongly upwards. Immediate resistance is at the 50day moving average line and next would be the previous swing high of around 3110.
Genting SP's upward momentum is extremely strong now. It has broken through the 50day moving average and previous swing high of $2.04 to close at $2.05. Next resistance is at $2.20.
Noble Group's upward momentum is also very strong. It also closed above the 50day moving average line. Next resistance is at the previous swing high of $2.25.
In great contrast to the previous stocks, Capitaland is still on a sideways trend with a bias to the down side since it has broken support of $3.50. Above is a WEEKLY chart (the rest are DAILY charts), which show that the price of Capitaland has been sideways since the middle of 2009. Volume is strong today, which is why i am highlighting this counter, but it really is not a pretty chart.
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