Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Wednesday, December 15, 2010
Straits Times Index
STI is not moving strong as what I expected. It's been sideways for the past nine days within the tight range of 3175 ~ 3220. I think the probability it comes down to test its neckline 3120 has been increased now. The head and shoulder pattern looks nice, someone wants to make it happen?
Anyway, I'm relatively light on my hands, the bullish sector is still commodities. The major support is 3120, and key resistance level is 3220.
Anyway, I'm relatively light on my hands, the bullish sector is still commodities. The major support is 3120, and key resistance level is 3220.
Labels:
Investment Idea,
SG Mkt
Subscribe to:
Post Comments (Atom)

1 comment:
Hi, new to indices trading, may i find out from you which platform can I use to trade STI? I'm currently using IG Markets to do my forex trading, they dun have STI, :(
Tks!
Post a Comment