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Right timing: Rebound phase still valid, short term indicators rising

Goola Warden
Goola Warden9/29/2017 8:13 PM GMT+08  • 2 min read
Right timing: Rebound phase still valid, short term indicators rising
SINGAPORE (Sept 29): Here are some charts this week for our technical analysis.
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SINGAPORE (Sept 29): Here are some charts this week for our technical analysis.

Straits Times Index (daily)
The Straits Times Index (3,219) fell by a point over the past five trading sessions. However, during the week, the index rose to an intra-day high of 3,250, marginally below the 100-day moving average at 3,253. Short term indicators are still spoiling for an upturn. Short term stochastics started to rise a week ago and should continue moving up. ADX has turned down, but the DIs have just turned neutral and are likely to turn positive on Oct 2 (Monday).

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