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Home / Capital / Right Timing

STI remains in consolidation mode; CityDev weakens

Right Timing

STI remains in consolidation mode; CityDev weakens

Goola Warden Published on Sat, May 19, 2018 / 4:46 AM GMT+8

A-

A+

STi remains in consolidation mode
SINGAPORE (May 19): The Straits Times Index eased by about 40 points during the week to close at 3,529. The confluence of the 50-and 100-day moving averages at 3,501 should provide support.

Short-term stochastics is at the low end of its range and could turn up towards the end of the week. If the STI is able to hold at its moving averages, it could rebound towards the end of the month.

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