STI Daily & Hour Charts Charts

Posted by admin on January 13, 2011 under Articles | Read the First Comment

STI Daily

STI still doing fine above 14-days EMA line at the moment. Rotational play and buying interest continues to take place among small caps and a few mid caps. Stock and sector selection becomes more important in this 2nd half of bull market…

STI Hourly

However, hourly STI had slipped back inside the hourly Bollinger Bands now. Luckily its still above the important horizontal support level of 3217. Two hourly midas lines are also converging at 3210, so 3210~3217 forms a very strong support zone for STI. As long as STI can continue to close above 3217, the chance of reaching new high within the next one mth will remain high.

Thanks to Cinderella

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