Above is an end of day chart of the STI. The STI performed strongly again today and closed at the previous pivot high of around 2910 again. The trend is now strongly on the upside. The next resistance is at 3000 points. Initial support should be at the 200d simple moving average line of about 2850.
Above is an end of day chart of OLAM. Olam has outperformed the STI. It has broken through the previous pivot high of 2.62 and managed to close above it for the past three days. It's momentum is also strongly upwards. Next resistance is around the $3.00 level. Support is about 2.50.
Above is an end of day chart of Sembmarine. The offshore and marine sector is performing extremely well lately. It has burst through the previous pivot high of $4.38 It is currently experiencing resistance at $5.00. Next level of resistance is about $5.50. Support is $4.60.
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