Home > chart, market, sg, singapore, stock > Can STI make higher high?

Can STI make higher high?

So someone must have make a April fool joke with a 45+ point drop on Thursday and 55+ point on Friday. So where will STI go next? My previous post is still intact. Double top formation is still possible.

For STI to move higher, it has to break the 2950 resistance convincingly. My daily chart has shown bearish divergence on several indicators. It is even more obvious on the weekly chart. And STI has reached it’s high with the majority of the STI components still lower as compared to the Jan2010 top.

Remember the maxim, keep your losses small and let your profit ride. And buy low sell high.

20100402 sti daily double top with bearish divergence

20100402 sti daily double top with bearish divergence

20100402 sti weekly chart double top bearish divergence

20100402 sti weekly chart double top bearish divergence

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Categories: chart, market, sg, singapore, stock Tags: , , , ,
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  1. April 5, 2010 at 10:36 am

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