Technical Analysis on STI 2015-06-02 - 200MA broken. Healthcare going strong.

SGinvestors.io

The Straits Times Index has retreated about 6% for the past 1.5 months since its peak during mid-April. The 1.5% drop yesterday broken the support of 200 days moving average as well, with quite a massive volume.

Will it be able to hold the ground of 3325 today?

The Straits Times Index (STI) Technical Chart 2015-06-02

On the other hand, if we pivot the performance of different sectors, healthcare sector continues to shine and go against the tide for the past 1.5 months.

Performance of FTSE ST indexes vs STI since mid-April 2015

The FTSE ST Healthcare Index Technical Chart 2015-06-02

(click on the image to view larger chart)

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