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Right timing: STI indicators strengthen and could support minor breakout

Goola Warden
Goola Warden11/16/2018 11:10 PM GMT+08  • 1 min read
Right timing: STI indicators strengthen and could support minor breakout
SINGAPORE (Nov 16): Quarterly momentum is strengthening and has broken above a resistance and its own moving average. The strength of this indicator could trigger a breakout by the Straits Times Index.
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SINGAPORE (Nov 16): Quarterly momentum is strengthening and has broken above a resistance and its own moving average. The strength of this indicator could trigger a breakout by the Straits Times Index.

Immediate resistance has been recalibrated to the Nov 2 high of 3,116, a level which now coincides the declining 50-day moving average of 3,115. The upturn by quarterly momentum is likely to be reinforced by the recovery of the 21-day RSI.

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