SINGAPORE (Sept 14): Here are two charts for our technical analysis this week:
STI daily (3,142): Relief rally sets in
On Sept 7, the Straits Times Index formed a doji, a sign that down momentum was fading. On Sept 11, the index made a low of 3,102, and it subsequenty rebounded. The initial upmove is likely to face resistance initially at 3,191, and then at the declining 50-day moving average currenty at 3,239.
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