Here is look at the daily chart of the STI. The STI has broken out of resistance of 2900 quite convincingly. It is now firmly on an uptrend as both the 50 and 200 day moving averages have turned up and the price is above these 2 indicators. Next resistance level is 3000. Support is at 2900.
Above is an end of the day, daily chart of Golden Agri. After going sideways for almost 1 month, it has finally broken out of strong resistance at 0.745. The next strong resistance is at 0.83, which is its previous high in late December 2010. I would say support is now 0.745.
Olam has been performing very well this year. It broke the previous high of 2.62 a few days ago, did a minor correction back down to 2.50, and has gone back up to close at 2.71 today. Uptrend is strong for this stock, with both 50 and 200 day moving averages turning up. The target for the next resistance is a little difficult to determine, but appears to be around a fibbonacci level of 2.88. Support is about 2.50.
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