The Straits Times index extended its consolidation on Friday. After the closing bell, 53% of the index constituents are above their 20D MA (vs unchanged from Thursday), and 53% of the shares are above their 50D MA (vs 60%). From a technical view, the index still remains in consolidation, but holds well above both its ST & MT MAs' support. ------- From Trading Central
STI weekly Pivot Levels:
R3: 3058
R2: 3034
R1: 3014
PP: 2991
S1: 2971
S2: 2948
S3: 2928
Monday, April 23, 2012
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