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Showing posts with label Fibonacci. Show all posts
Showing posts with label Fibonacci. Show all posts

Singapore STI

Posted by InvestorTrader on Sunday, October 11, 2009 , under , | comments (0)




STI after falling below short term uptrend line is now testing it again. Will it be be able to break above it this week? Maybe for tomorrow it will since US market was up last Friday. If it does, it may head to test the weekly 200SMA but it will likely face resistance at 2681 which is the Fibonacci 50% retracement of the 3906 to 1455 drop and then the psychological resistance of 2700.

Singapore STI

Posted by InvestorTrader on Friday, September 11, 2009 , under , | comments (0)




STI had been traversing along the uptrend line for the past few days but moved slightly above it today and closed just above 2681 which is the Fibonacci 50% retracement of the 3906 to 1455 drop. Near term upside likely if it can stay above the 50% retracement level.