Straits Times Index continues down trend, no reversal in sight

STI Daily chart

  1. Below previous 52-week low (2740.36, 29 September 2015).
  2. No reversal pattern.
  3. Resisted by 20-day ema (lime green).
Straits Times Index daily chart May 2015 - 01 February 2016

Straits Times Index daily chart May 2015 – 01 February 2016

 

Weekly chart

  1. At moment, STI is nearly 30% down off the top.
  2. Subprime Crisis low was 60% off the top.
  3. Appears to be supported off 2011 bottom at 2521.
  4. Other meaningful levels/zones are 2200, 1900-2000, 1400-1500.
  5. No reversal pattern.
Straits Times Index weekly chart 2007 - 01 February 2016

Straits Times Index weekly chart 2007 – 01 February 2016

The following two tabs change content below.
Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
Loading Facebook Comments ...

Leave a Reply