Above is a daily candlestick chart of the STI. The STI seems to be turning around and managed to close above 2700 points. New few resistance levels are at 2750 (50day moving average) and 2900 (200 day moving average). Support is 2700 and 2636. Momentum is turning up.
Above is a daily chart of Golden Agri. It is one of the few counters that is currently trading above both the 50day and 200day moving averages. It managed to close above strong resistance of $0.70 and has also broken out of the long term downtrend line. In my opinion, this is a strong counter and worth watching.
No comments:
Post a Comment