Looking at overall trend from Oct 5, STI hit new low at 2521 then rebounded to high of 2905 on 28 Oct, the uptrend is still intact so far, pivot point will be at 2694, if STI CLOSED below 2694, I would consider the uptrend is violated.
Tuesday, November 22, 2011
STI Pivot Point 2694
STI hit its one month low yesterday(new low), the chart doesn't look so good. It crossed its 50% fibo level 2713 yesterday, and next fibo level at 2668.
Looking at overall trend from Oct 5, STI hit new low at 2521 then rebounded to high of 2905 on 28 Oct, the uptrend is still intact so far, pivot point will be at 2694, if STI CLOSED below 2694, I would consider the uptrend is violated.
Looking at overall trend from Oct 5, STI hit new low at 2521 then rebounded to high of 2905 on 28 Oct, the uptrend is still intact so far, pivot point will be at 2694, if STI CLOSED below 2694, I would consider the uptrend is violated.
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SG Mkt
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