Monday, July 31, 2017

STI : Holding above 3300 for the new up phase. STI 3326. Where to?


Following up from previous call in May, we have seen the STI consolidate in the range from 3200 to 3280 for about 3 months before some positive actions recently.


Over the past 2 weeks, mainly led by a rally in the banks, we have seen STI not only broke the 3280 resistance but also the psychological 3300 gave way too.


Like to see some support for the whole market at 3320 then 3300 for now and the uptrend that we have seen since the beginning of the year can still continue above this key levels now.  



















As drawn above, target to 3350 then 3400 in the short term with indicators looking good.


Some bullish signals seen recently on the system before the recent rally.... ;) PTI grads would know...


Anyway, is 2nd half of 2017 still looking good?


Well I have actually covered this in my market outlook seminar on 1st July 2017, 1 month ago....

















Seems like playing out well for now  ;)


Want to view what was shared then and the critical levels for the market....?


More importantly, if the BULLISHNESS can still continue?



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