Friday, 4 May 2012

Analysis for 1st week of May

STI
STI was forming a ascending triangle with 3030 as the critical resistance.
If STI were to move lower on Monday, do watch the support level of 2970 which should be a critical support to watch. If it breaks lower, it would mean that the STI isn't that bullish anymore.
However, STI do have some support levels to watch for will be 2945 then 2905.

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