We were seeing Asian market hitting resistance last week. I shall now take a quick look on Singapore Straits Time Index stock market trends now.
Singapore STI Broke Support
I mentioned last week that there is a possibility that the Singapore STI will swing in a sideway market. However, STI broke the 1st level support that I was looking at and I believe it will now correct and dive down to the 2nd level support which is the Oct low at 1,476.
US had a big rally just on Friday but it is difficult to say now if market will continue its upward momemtum. My take will be NOT. I believe the Singapore market will be quiet and swing almost at the same level on Monday and it will have a bigger movement after seeing the result on US market on Monday.
Anyway, you need to keep an eye on 1,476 as the immediate support for Singapore Straits Time Index and resistance will be 1,714.
Singapore Straits Time Index Stock Market Trends
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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