Above is a daily chart of the STI. The STI is still range bound between 3032 and about 2910. But it does look like the momentum is strengthening (look at the MACD histogram). The longer term outlook (based on the 200day moving average) is slowly moving up. So on the longer term, the STI looks poised to go higher. Support looks to be at the 50day moving average, which would be about 2960. Heavy resistance is at 3032.
Genting SP has been slowly tracing higher lows and now both the longer term outlook (looking at the 200day moving average) and medium term outlook (based on the 50day moving average) are on an uptrend. Support is at 1.68 and resistance is at 1.77.
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