Weekly Wrap

For the week ended Apr 7, US three major indexes close flat mostly. Local STI and HSI edged a little bit higher, Shanghai index was the best performer with 2% gain.

STI still in good shape of uptrend, there is still some room to upper channel line as in its weekly chart below. Shanghai is poised to move higher, to catch up to its peers, plenty of room to upside.

Weekly index performance and charts as in below.