end of day picture for STI

Above is a daily chart of the STI. The STI is now trending sideways between 3207 and 3170. The momentum indicator has also turned flat. Trend indicators indicate that both the mid term and longer term trend is up.

end of day picture for STI

Another quiet day today. I guess everyone is waiting for the outcome of the FOMC meeting starting tomorrow. Market action is still weak, with the STI closing just above support at 3171. Momentum has started to turn down, but mid to long term trend is still up. Next support level is 3130.

end of day picture for STI

Dear all, above is a daily chart of the STI. Today's price action is rather weak, with price gapping up and falling for the rest of the day to close at 3187, which is the previous high. Support appears to be 3170. Mid to longer term trend is up. Next target for the STI is 3230.

end of day picture for STI

Good evening, daily chart of STI is attached above. Today's candle formation looks like a bullish hammer. STI also seems to have found support on the 20day moving average, bouncing strongly off that line. This level also corresponds to the previous pivot high of about 3100. Momentum based on the MACD is still down, so the near term picture is a bit mixed. A close above 3130 level is a strong sign that the uptrend established since March 2011 will continue.

end of day picture for STI

Good evening, above is a daily chart of the STI. Momentum is coming down, near term support is at 3130, but mid and longer term trends are still up.

end of day look at STI

Good evening. Above is a daily chart of the STI. The nearer term picture for the STI is getting weak. Momentum is dropping. It looks like the STI is headed towards support at 3130. Resistance is around 3172. Longer term picture is still on the uptrend.

end of day picture for STI

Hi, a quick look at the STI at the end of today. Above is a daily chart of the STI. I was looking forward to the STI heading towards 3230 after it closed above 3180, but i guess it is time to take profit. The STI has fallen back to previous strong support at about 3130. If the STI manages to rebound from this level, then this time it should head towards 3230. Both medium and long term trend is still bullish.

end of day review 8 apr 2011

STI's daily chart above. The STI has been rising since mid Mar 2011. The upward momentum is extremely strong. Short term moving average has turned up sharply. Today, the STI managed to close above previous support @ around 3180. Next minor resistance is 3228 and the next major resistance should be at 2011's high of 3280.



Something interesting must be brewing at Cosco Corp. It rose $0.08 from the open @ $2.17 to close @ $2.25 at extremely high volume. It looks poised to hit 2011's high of $2.44.




Golden agri managed to breakout of previous high pivot @ $0.72 on increasing volume. Next resistance is @ $0.75. The upward momentum of this counter is getting stronger.

end of day review: 4 Apr 2011

A look at the STI. Uptrend is getting stronger. The STI has broken out of major resistance at 3130 and looks poised to head towards next resistance @ 3180.



Genting SP has been consolidating for quite some time, and is now showing signs of heading towards its previous high of $2.35. It has broken through the psychologically important $2.00 barrier and looks like it is headed towards the next resistance at $2.16. Major resistance area is around $2.16 to $2.26. A successful breakout of this zone will see Genting heading towards $2.35 in no time.




An extremely strong performance by Cosco today on very high volume, which saw it going from a low of $2.07 to close at $2.17. This is just shy of the resistance at $2.19. A successful breakout from $2.20 should bring it to its 2011 high of $2.44



Noble group is also on an uptrend. Resistances at $2.25, $2.32 and finally to its 2011 high of $2.40. Support is at $2.17.