Sunday, November 2, 2008

TA of STI for coming week (3-9 Nov 2008)

MACD: Bullish crossover soon
RSI: Has not reach to overbought yet, upside is still possible
Average True range ( ATR ): Divergence, Signaling a reversal is possible
Parabolic SAR ( Red circles ) : Intersect the price line, bullish
Moving Averages (MA) : 5 day MA still below 7 day MA,however rising
Bollinger Band: Price still in lower band, the centre of the band might act a s resistance.

In general : It seems like the trend for the STI is not as bullish as the Dow Jones however for the short term, it looks bullish enough. Lets see..

*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.

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