Above is a daily chart of the STI. The technical picture is mixed. The trend, as indicated by the moving averages, is up. However, the momentum, as indicated by the MACD, is reducing, and a sign of this is that the price action is getting quite choppy. The STI made a new high only two days ago, but profit taking has quickly set in and the upward momentum could not be sustained. Key levels to watch for are support at 3034 and resistance at 3114. There is negative divergence between the STI and its MACD, and this is normally indicative of near term price weakness.
Above is a daily chart of NOBLE GROUP. The trend changed from down to up in Mid july 2012. It appears to be consolidating now for another push higher. Support is about 1.27, but there are quite a few resistance levels. They are at 1.32, 1.34 and finally 1.38.
above ia a daily chart of Capitaland. It doesn't seem to have clear support and resistance levels, but the general direction of the trend is a pretty strong uptrend. Momentum is also declining, but there seems to be pretty good support at about 3.15.
Resistance is about 3.30.
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