Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Thursday, January 5, 2012
Straits Times Approaching 2715 Resistance
STI has full filled its target which I mentioned on 30th Dec post(click HERE), It hit it 50% fibo level at 2714 and closed at 2711.02, it's under resistance now. Vol picking up for STI, I will be watching the levels between 2676 -2714 for bullish bias consolidation before it continue move up, otherwise a break below 2676 (or 2669 61.8% fib) would be a sign of resume its downtrend.
Labels:
SG Mkt
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