SgTraderClub Weekly Stocks Updates: Weekly Pivot Point

Monday, March 12, 2012

Weekly Pivot Point

STI closed at 2963.15 last week, exactly its 61.8% at 2963( refer to previous post '"Friday Indicator"). STI total volume continue shrink from this year's peak over 3000 to around 1200 on Friday( daily), which indicate lack of big transaction in the market.

Below is the STI weekly pivot point for this week:

R3: 3097
R2: 3047
R1: 3005
PP: 2956
S1: 2914
S2: 2864
S3: 2822

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