Both HSI and STI are under minor resistance now. As seen in the charts, HSI had a breakout from its major neckline resistance two days ago, it's possible it come back to fill the gap as indicated by tinted oval. STI needs to break above its downtrend line to move higher.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Wednesday, March 3, 2010
HSI and STI update
US market overnight closed with tiny gain: Dow +2; SPX +3; Nasdaq +7 points.
Both HSI and STI are under minor resistance now. As seen in the charts, HSI had a breakout from its major neckline resistance two days ago, it's possible it come back to fill the gap as indicated by tinted oval. STI needs to break above its downtrend line to move higher.

Both HSI and STI are under minor resistance now. As seen in the charts, HSI had a breakout from its major neckline resistance two days ago, it's possible it come back to fill the gap as indicated by tinted oval. STI needs to break above its downtrend line to move higher.
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