The STI Index closed at 3487.15, down by -7.94 points.
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| The Straits Times Index STI 2015-04-29 |
From technical analysis point of view, STI had broken its support and it is now under its 20 days moving average line. The downtrend shown by MACD indicator is obvious, while ADX indicator further shows the long running uptrend is further weaken. A short term downward adjustment of STI seems to be inevitable now, with the support at 3357.
(click on the image to view the larger chart)
