SINGAPORE (Aug 6): The Straits TImes Index managed to break above its 50-day average decisively at 3,223. in the meantime, the 100- and 200-day moving averages are poised for a positive cross. The index’s upmove was accompanied by a breakout by quarterly momentum, and volume expansion. This should support a continud advance.
ADX has turned up from a low level, and the DIs are positively placed, further supporting the STI’s uptrend. Annual momentum is also turning up and has moved above its own momentum.