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My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

10/18/2010

STI on reversal

Okay, it is like Deja Vu because I have mentioned this before. STI is reversing now because of divergence on indeicators for both weekly and daily basis.

The moving average support level on daily basis is 3,139 while resistance from Fibonacci Projection is 3,197.


Fig 1 STI Weekly Chart



Fig 2 STI Daily Chart

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