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Right timing: STI weakens and retreats from resistance

Goola Warden
Goola Warden8/4/2018 07:59 AM GMT+08  • 1 min read
Right timing: STI weakens and retreats from resistance
SINGAPORE (Aug 4): Here are two charts for our technical analysis this week:
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SINGAPORE (Aug 4): Here are two charts for our technical analysis this week:

STI daiiy (3,265)
The Straits TIme Index tested resistance at its declining 50-day moving average as it made an intra-day high of 3,328 on Aug 1. Since then, quarterly momentum has resumed its downtrend, making a new one-year low.

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