Above is a daily chart of the STI. The STI tested support of the 50-day moving average but managed to recover to close above yesterday close. So far 3032 has proven to be a very stubborn resistance level. However, the 50-day moving average has also proven to be a rather strong support. From the look of things, i believe the STI will break 3032 on the upside. I just do not know what will be the stimulus that will do the trick.
Above is a daily chart of Noble Group. The price action for Noble Group is not looking good. The price has been going sideways, but the bias is to the downside as it is making lower highs. Support of the 50-day moving average was also broken yesterday, and today, it closed lower again but ominously, on high volume. It recently announced that the company is issuing Islamic bonds, but looking at the market reaction, this is not viewed positively.
Above is a daily chart of Ezion Holdings, a company that is into chartering and offshore support business. The price action is on a steady uptrend, with a bit of a correction at $0.97, where quite a bit of shares changed hands. The 50-day moving average appeared to serve as a good support level during that correction. It has now broken its previous high of $0.97 and closed strongly at $1.025. I think this counter is worth looking at.
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