Ichimoku Cloud (daily)
STI Tenken sen (blue line) is at 3142 while Kijun sen (red line) is moving higher to 3147. The 2 lines crossover may indicate the start of a bearish trend or a consolidation period awaiting a new direction to be confirmed. So far, the long white candle has provided a strong signal that the near term support is around 3099 (as indicated in the previous week chart). The near term support (Span B) is now at 3096 and the stronger support level (Span A) is moving up from 3005 to 3018. If STI continues the uptrend move, the two support levels will cross over to signify the new uptrend move.
STI Tenken sen (blue line) is at 3142 while Kijun sen (red line) is moving higher to 3147. The 2 lines crossover may indicate the start of a bearish trend or a consolidation period awaiting a new direction to be confirmed. So far, the long white candle has provided a strong signal that the near term support is around 3099 (as indicated in the previous week chart). The near term support (Span B) is now at 3096 and the stronger support level (Span A) is moving up from 3005 to 3018. If STI continues the uptrend move, the two support levels will cross over to signify the new uptrend move.
Bollinger Bands (weekly)
STI has stablised and still looking for direction. A uptrend move will need it to break the resistance level at 3313. The middle band is at 3134 which will provide the first support level. If this support is broken, STI will go lower towards the 2956 support level of the lower band.
Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.
Disclaimer: All info posted is for reference only and not an inducement to buy or sell shares. You are solely responsible for your own actions.
No comments:
Post a Comment