Monday, December 30, 2019
STI slipped 4.09 points in a low volume day, which saw our 3 local banks, UOL and SIA and SGX led losses. Closing at 3222.44, which back below its 200ma on the 2nd last trading day of 2019. Cheers!
Friday, December 27, 2019
STI closed a Doji above its 2-week consolidation zone and its daily 200ma. STI has been trending up since 4th December since peaking 7th November. Last Friday, STI edged higher by 3.54 to close at 3226.53, which is very near to its immediate down trend line at 3234.
Hourly chart, looks ascending triangle, resisted at the neckline of previous support.
Thursday, December 26, 2019
STI climbed back above its curent uptrend line. Friday mornng is finding itself now above cloud and current consolidation zone, as well as its 200ma.