STI manage to stay above 2700 for past 4 days. Daily chart, MACD stay above signal line, stochastics showing sign of bullish crossover approaching soon. Weekly stochastics showing some strength with bullish crossover. These suggested more upward push. Bollinger band is showing sign of expanding, DOW is trading near resistance, expect to have near term correction but overall uptrend still strong.
Wednesday, October 21, 2009
STI showing some strength
STI manage to stay above 2700 for past 4 days. Daily chart, MACD stay above signal line, stochastics showing sign of bullish crossover approaching soon. Weekly stochastics showing some strength with bullish crossover. These suggested more upward push. Bollinger band is showing sign of expanding, DOW is trading near resistance, expect to have near term correction but overall uptrend still strong.
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