Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Thursday, February 18, 2010
HSI Under Resistance
HSI is kissing its neckline (resistance) for the second time. It's important for it to cross above this line, to move higher. otherwise it's a turning point to downside again, and it will be getting lower, to its previous support level. I'm seeing it's in favor of bears camp.
STI looks much better as it already gappe up and stay above its resistance line yesterday. It's now in the middle of the resistance and support line(also its 50dma and 20dma respectively).
STI looks much better as it already gappe up and stay above its resistance line yesterday. It's now in the middle of the resistance and support line(also its 50dma and 20dma respectively).
Labels:
SG Mkt
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