The Straits Times Index (STI) closed below the 200-day Moving Average (MA) at 2874.72 but above the 20-day MA on 27April 2016. It is still above the up-trend line.
Technically, if the up-trend line is broken, the next support will likely be at about 2,818 points.
If it trades above the up-trend line, the resistance will be at 200-day MA at 2890 and 2930.
No comments:
Post a Comment