Straits Times Index Update, Missed the Big Win

Straits Times Index Update – Missed the Big Win

 

Welcome to AmiBrokerAcademy.com Moses’s Stock Corner.  This week Singapore stock market benchmark Straits Times Index, STI has recovered to 2993.49 points.  Once again to prepare to challenge the 3000 points level again. Will the index succeed in breaking up 3000 points level?

The index has started to drift south after meet the resistance of the ED, equal distance channel. Although the STI has struggled to push north, can the momentum remain?

If you move back and gaze at the chart, you may see a bearish flag chart pattern. However, there is possible support to slow down the index from moving south. See the number of layers of defence to slow the index from moving south.

Trade with caution!

Do you miss the big win from 2650 points since last year end December? See chart for details.

 

Straits Times Index Daily Chart

 

Straits Times Index Daily Chart, March 2, 2012 - Bearish Flag Chart Pattern

 

Moses, March 5, 2012

 

DSICLAIMER

Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.  

You should seek advice from your broker, or licensed investment advisor, before taking any action.