STI Technical Analysis Feb 2014
The Straits Times Index has finally arrived at the trading range of 3,080 ~ 3,100, a level which I have cautioned in my previous post as a possible point of reversal. The closing today at 3,088 is a doji candlestick signalling indecision of the market. Prices have now returned to touch the trendline it has broken on January 24. The trendline is now served as a resistance. We shall see if the market will indeed heeds the above technical observation.
Labels: Market Direction
posted by Market Wizards @ February 19, 2014
Comments: 0
