SINGAPORE (Dec 16): Here are two charts for our weekly technical analysis.

Straits Times Index (daily)
The STI ended the week at 3,416, down just 8 points. During the week, it touched a high of 3,468. As such, the continuation pattern persists.

The consolidation is further underlined by falling ADX and DIs positioned mildly negatively. Short term stochastics is falling and in mid-range. Quarterly momentum and the moving averages continue to rise. Of note is the rising 50-day moving average which has acted as an uptrend line, and is now at 3,387.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook