Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Monday, April 18, 2011
STI In Consolidation Mode
Good morning everyone.
STI now 3163, slightly up by 10pts. It has been consolidated in a flag formation in past four trading days. A breakout from the formation would indicate its fresh move, bias to upside. Current resistance is 3180, major support 3110.
STI now 3163, slightly up by 10pts. It has been consolidated in a flag formation in past four trading days. A breakout from the formation would indicate its fresh move, bias to upside. Current resistance is 3180, major support 3110.
Labels:
Investment Idea,
SG Mkt
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