Tuesday, October 16, 2012
key levels for STI, noble group and Genting SP
Daily chart of STI. Uptrend is still being maintained, but momentum is still dropping. This is a sign of a big move coming; not sure if it will be up or down. STI opened strongly, but sold off in the afternoon to close only 3 points above yesterday's close. We are still unable to close the gap. Support is at 3020, near term resistance is at 3063, then 3088.
Noble group is breaking out of support at 1.27 and is hitting resistance at 1.335. The trend is up, and I expect it to test 1.38 soon. Strong support is at 1.27.
Genting SP looks to have found support at 1.31. Overall trend is still down, but momentum is rising. Resistances are at 1.36 and then 1.45.
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