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Temporary pause likely after breakout

Goola Warden
Goola Warden11/8/2019 11:00 PM GMT+08  • 2 min read
Temporary pause likely after breakout
(Nov 8): Although the Straits Times Index retreated on Nov 8, the rally should be able to resume. On Nov 2, the index had broken above its 200-day moving average at 3,226 accompanied by expanding volume.
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(Nov 8): Although the Straits Times Index retreated on Nov 8, the rally should be able to resume. On Nov 2, the index had broken above its 200-day moving average at 3,226 accompanied by expanding volume.

Chart 1: STI with moving averages and momentum

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