Short Term Down-trend May Continue in STI Index
As per technical analysis, the Straits Times Index (STI) gapped up last Friday due to the overnight announcement made by the European Central Bank. However, the STI has not turned up as its 7-day and 13-day moving averages (MA) are still moving down. Besides, as compared to markets in Europe and the US as well as the Hang Seng Index, the movement of the STI was not impressive. Therefore, the short-term downtrend of STI may continue.
No comments:
Post a Comment