1. The STI Index continue its up trend and closes strongly for the week at 3,237. The STI actually rally due to the FED delaying the implementation of the Stimulus Tapering. From the chart, the STI went above its long term 'Green trend line'. This might be just a short term rebound DUE to the delaying of the cutting of Stimulus Tapering. The 10weeks Moving Average (MA) is still down and had not move up to cross the 40weeks MA. Technically, this still implies that the STI index is still bearish and we are not out of the woods yet. We will continue to monitor for the 10weeks MA to flatten out and turn up.
2. For the coming week ahead:
Resistance: 3,270
Support: 3,060
