March 17, 2015
Straits Times Index, STI Technical Analysis
Straits Times Index open gap down at 3361.38 points, and engulf the last Friday bar and end the day at closed 3376.04 points. STI hills the fall, jumps up 13.27 points.
Has STI stoped the fall and started the reversal? It is too early to know at this point.
STI has continued to fall since February 25, 2015. Will this the time STI to change the flow direction. STI may pull back to River first. After that there is two possibility either STI resisted by the River or break up the River.
Remember, the River is somewhat pointing at 4 o’clock; pointing south.
To find which stock may move, checkout the MACD Screener on the site.
Bullish Engulfing, March 16, 2015 Straits Times Index, STI
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Moses
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