Thursday, October 1, 2009

STI - Market


STI Weekly Chart

Resistance at FR 50% have been very strong.

ADX uptrend is now showing sign of weakness as ADX blue line (uptrend) is going down. If the blue line continue going down, this may lead to the green line going down too. Together with this, MACD is also showing sign of price going towards negative side.
Some retracement in price chart may happen soon.

GMMA also smaller gap for short term.
Some retracement in price chart may happen soon.










STI Daily Chart

STI have been consolidating for quite some time at FR 50%.

ADX and MACD have been showing weak trend (more into sideways). Need to wait for reversal into stronger trend.

Need to monitor when Stochastics is going to turn up. If the trend is going up, then that's the time to enter.

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