Straits Times Index Daily (29.06.2014) Technical Analysis.
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO but under the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind for Monday is the Kijun Sen approach. The index has reacted from support line. MACD is on sell sign but on deviation changing and is neutral.
We have no special candlestick pattern. The index is above the KUMO and over the Tenkan Sen.
There is no special pattern. The fib from 2954.26 to 3135.60 (projection) shows resistance at almost the current level 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3429.
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO but under the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind for Monday is the Kijun Sen approach. The index has reacted from support line. MACD is on sell sign but on deviation changing and is neutral.
We have no special candlestick pattern. The index is above the KUMO and over the Tenkan Sen.
There is no special pattern. The fib from 2954.26 to 3135.60 (projection) shows resistance at almost the current level 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3429.
