March 17, 2015
Straits Times Index, STI Technical Analysis
Straits Times Index open the day gap up at 3392.29 points and STI drives up to 3397.93 points. But the sell pressure are just too high; STI get drive down and closed with a small tail, and end the day at 3369.95 points. A bearish candlestick big and taller than the last one. So, look bullish.
STI was resisted by 50 MA. We see 20 MA continue to close up to 50 MA, 50 MA is near flat and slightly point up. PA is still below 20 MA.
STI seems to have a reversal; STI has continued to fall since February 25, 2015. Will this the time STI to change the flow direction.
To find which stock may move, checkout the MACD Screener on the site.
March 17, 2015 Straits Times Index, STI
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