The STI Index closed at 3513.00 today, up by 10.25 or 0.29%. It seems that STI has found its short term support at around 3500. Strength of uptrend remains the same according to ADX indicator. The crossing over of MACD yesterday may be a false signal. The uptrend remains intact as long as MACD line doesn't fall below 15.
Above 20 MA? | Yes | Uptrend |
Above 50 MA? | Yes | Uptrend |
RSI above 50? | Yes | Uptrend |
RSI above 70? | No | Not overbought |
MACD Crossover | ? | Not significant |
+DMI above -DMI | Yes | Uptrend |
ADX > 25 | Yes | Trend Strength = Strong |