Sent: Tuesday, April 14, 2015 4:59 PM
Subject: ****************** STI Direction: Pushing stongly above the 3460 - 3470 resistance level, now 3517
Subject: ****************** STI Direction: Pushing stongly above the 3460 - 3470 resistance level, now 3517
From previous STI OUTLOOK, it has managed to stay above the 3450 to 3460 support level and today we have seen it clear above the critical 3500 level at an new recent high with some blue chips like banks and property plays leading the way. Note that staying above 3500 now for the whole market would be a positive and we can see more strength in the general market if it manages above 3500 now. Both 100 and 200 days longer term AM trending upwards firmly with 20 day ma line accelerating upwards on today’s market movement. May start to see buyers coming in to take the index higher to 3540- 3550 level before some consolidation.
Sent: Tuesday, April 07, 2015 9:54 AM
Subject: ******************* STI Direction: Pushing stongly above the 3460 - 3470 resistance level, now 3475
Subject: ******************* STI Direction: Pushing stongly above the 3460 - 3470 resistance level, now 3475
STI can start to see more strength now towards the 3500 if it can manage above 3450 – 3460 support level. Clearing above as we have seen today can be a positive as it pushes higher to find a new high. Note that 3460 was also the resistance formed in May 2013 before it dipped all the way down and recovered back. More buyers might start to come in to take banks and blue chips higher again on this if it can maintain above over the next few days. Longer term 100 and 200 day MA line still sloping upwards strongly. Next resistance at 3500 for now.
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