Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Friday, May 11, 2012
Friday Indicator
STI managed to closed just above 2900 after went down as low as 2887.82, it closed at 2903.6, my Friday Indicator levels for this week:
61.8%: 2927
50%: 2919
38.2%: 2912
I'm bullish if it closed above 2919 today, bearish otherwise.
At the same time, for mid term indication, since STI started to drop over past two weeks, I have levels for the past two weeks range as well:
61.8%: 2965
50%: 2951
38.2%: 2918
61.8%: 2927
50%: 2919
38.2%: 2912
I'm bullish if it closed above 2919 today, bearish otherwise.
At the same time, for mid term indication, since STI started to drop over past two weeks, I have levels for the past two weeks range as well:
61.8%: 2965
50%: 2951
38.2%: 2918
Labels:
Index,
Pivot Point,
SG Mkt
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