Short term term technical indicators have turned down, as evidenced by declining stochastics. The 21-day RSI has also retreated after hitting a high of 76 on Nov 23, the day when the Straits Times Index tested an intra-day high of 2,903. The breakaway gap which starts at 2,891 continues to provide resistance.


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook