Above is a monthly chart of the STI. Since the low of 2009, we have been in a major uptrend, with only a minor correction in late 2011. Very significantly, we have broken through the previous high of 3313 at end 2010 and it looks likely that the STI will test 3600 soon. Support now is 3313.
Capitaland is now resuming its uptrend after some consolidation. Support now is 3.60, with resistance at about 4.00.
Boustead: consolidated sideways after hitting a high of 1.485. It looks like it will resume its uptrend. Support at 1.36, resistance is at 1.485. Today's price action was significant, with high volume and huge movement in price.
Expect the upward momentum to continue.
Noble group. Suffering from weak commodity prices. Price action traced a double bottom at 1.12, and looks poised to break out of the downtrend. Broken through the 21 EMA, but stopped by the 55 EMA. Significant resistance at 1.175. A close above that will signify a possible trend reversal.
Above is a monthly chart of the STI. Since the low of 2009, we have been in a major uptrend, with only a minor correction in late 2011. Very significantly, we have broken through the previous high of 3313 at end 2010 and it looks likely that the STI will test 3600 soon. Support now is 3313.
Capitaland is now resuming its uptrend after some consolidation. Support now is 3.60, with resistance at about 4.00.
Boustead: consolidated sideways after hitting a high of 1.485. It looks like it will resume its uptrend. Support at 1.36, resistance is at 1.485. Today's price action was significant, with high volume and huge movement in price.
Expect the upward momentum to continue.
Noble group. Suffering from weak commodity prices. Price action traced a double bottom at 1.12, and looks poised to break out of the downtrend. Broken through the 21 EMA, but stopped by the 55 EMA. Significant resistance at 1.175. A close above that will signify a possible trend reversal.
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