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STI decline halts at support, attempts rebound

Goola Warden
Goola Warden10/11/2019 10:40 PM GMT+08  • 2 min read
STI decline halts at support, attempts rebound
SINGAPORE (Oct 11): It appears that the Straits Times Index managed to hold at 3,078 on Oct 4, in the area of a previous support and above the Aug 28 low of 3,056. Quarterly momentum has rebounded off a one year low. Volume expanded a little on white cand
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SINGAPORE (Oct 11): It appears that the Straits Times Index managed to hold at 3,078 on Oct 4, in the area of a previous support and above the Aug 28 low of 3,056. Quarterly momentum has rebounded off a one year low. Volume expanded a little on white candle days, but has generally stayed subdued, suggesting that the market is attempting to bottom.

Chart 1: STI with moving averages and momentum

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