The Straits Times Index
The STI reversed from the downtrend on June 4 following a RSI bullish divergence was formed. The index has now risen for 20 days and arrived at the Fibonacci 61.8% between 2,698-3,035. Volume decreased today as prices pushed to new high. We should see a respite to bring prices closer to the moving averages.
Labels: Market Action
posted by Market Wizards @ July 02, 2012
