Sunday, 11 August 2013

STI weekly chart - week ending 09 Aug 2013


1. From the chart, the STI continue to be above the long term 'Red trend line'. The current long term view of the STI Index is still on the uptrend.

2. Currently, the index is still consolidating within a tight range.

3. A strong break above 3,260 and stay above will likely see the index trending upwards.

4. For the coming week ahead:
    
    Resistance: 3,260
    Support: 3,205