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Right timing: Further upside for STI likely in the short term

Goola Warden
Goola Warden9/29/2018 07:30 AM GMT+08  • 2 min read
Right timing: Further upside for STI likely in the short term
SINGAPORE (Sept 28): Here are three charts for our technical analysis this week:
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SINGAPORE (Sept 28): Here are three charts for our technical analysis this week:

STI daily (3,257)
Further gains are likely. The market’s short-term uptrend ideally could run into resistance soon, as both quarterly momentum and the Straits Times Index move into resistance areas. However, since short-term indicators continue to rise, the STI may attempt to move above this resistance at current levels of 3,257 towards the declining 100-day moving average is at 3,309, a level that coincides with more substantial resistance.

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