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5/11/11

Nov 7, TA for STI



  • Trend - Side
  • Momentum - Average
  • Support 1 - 2760 
  • Support 2 - 2700 
  • Resistance - 2880
  • Candlestick - Gap up shooting star (short term bullish but with shooting star reversal) 
  • Volume - >50D MA
  • Pattern - Upward Slope, with higher Highs and Higher Lows (long term is bullish)

STI is now trading in Side Range o f 2700 and 2900, overall TA signals are bullish. STI index to watch is 2880 which is aligned with 100D MA. If STI breaks through resistance and 100DMA, it will enter into a new range of 2880 and 3000.

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