STI immediate support 3019, next target is 3120. Current 3037 is a minor resistance.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, September 7, 2010
The Hangseng, Shanghai and Straits Times Indices
In overall, I see the regional market indices are bullish, there are still some room to move up before any major resistance.
STI immediate support 3019, next target is 3120. Current 3037 is a minor resistance.
STI immediate support 3019, next target is 3120. Current 3037 is a minor resistance.
Hangseng Index is about another 300 points away to its resistance( the red downtrend line):
Shanghai Index just breakout from its Aug consolidation base, plenty of room to upside. The major resistance is far away at 2922.
Labels:
HSI,
Index,
Investment Idea,
SG Mkt
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