July 19, 2014
Welcome to Moses’ Stock Analysis and Review Column
Straits Times Index, STI, a window into Singapore economy, let’s review how Straits Times Index performed last week, from July 14 to July 18, 2014. Straits Times Index has been struggled to bit the resistance of 3320 points since end May 2014. This is one of the significant levels for STI, if you look left (back) you will find this was a great level in 2013 between February to April too.
Now, let’s have a look for the week July 14 to July 18, 2014.
On Monday, July 14, 2014 Straits Times Index started the week with confusion; Doji candlestick. STI ended at 3290.98 points, dropped 2.75 points from the last closed at 3293.73 points.
On Tuesday, July 15, 2014 market gapped up. However, the bears rushed in and pushed the index down; Straits Times Index ended 3291.41 points. STI still inched 0.43 higher than the last closed at 3290.98 points.
On Wednesday, July 16, 2014 bulls have dominated the market, Straits Times Index ended high. Straits Times Index closed 3304.43 points. STI ended 13.02 points higher from the last closed at 3291.41 points.
On Thursday, July 17, 2014 the market confuse again, Straits Times Index closed at 3306.89 points. Doji candlestick. STI gapped up and ended 2.46 points higher from the last closed at 3304.43 points.
On Friday, July 18, 2014, it was a great day to many. Another great Friday. Straits Times Index closed 3310.53 points. It is the highest for the entire 2014 so far. The bulls have wake up again. STI jumped 3.64 points from the last closed at 3306.89 points.
Over all, the whole month in July the performance was positive and good.
Chart tells (worth) a thousand words, see the next posting on chart for details.
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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