17 October 2016
In March, be specific March 18, we did an analysis for STI, See posting for more, http://www.amibrokeracademy.com/amibroker/high-of-2016-sti-straits-times-index/.
If we put back the key level we drew on that analysis, the level still stand. Picture worth a thousand words. See the updated charting for more.
^STI The Straits Times Index Weekly Chart
14 October 2016 The Straits Times Index ^STI Weekly
Moving Average is a great visual tool. We see ^STI is below 50 MA, and resisted by 50 MA. The index is responding to 50 MA.
Have fun!
Moses Singapore Stock Desk
AmiBrokerAcademy.com
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