Straits Times Index- [The Rebound Continues]
Chart Source: Poemsview 18th April 2018
Straits Times index was the best performing market in the Asia-Pacific region today with the index up by 1.7%, and breaking above the Downtrend line resistance which we were keenly watching for .
Since early April , Straits Times Index ( STI) has moved according to our analysis which we blogged that April was historically a positive month and last week we alerted on our blog that we were closely watching out for the breakout of the downtrend resistance line in STI for more bullish signs. Indeed STI broke and close above this downtrend resitance line today and has risen over 4% from our Early April blog on STI.
If STI can remain above this downtrend line resistance , the next possible upside resistance may be 3568 follow by 3609 which was the January high before the market correction .
We have shared many stock analysis with our clients to capitalized on this recent rebound . Would you like to be part of our Thriving Trading Community and be inform of the latest market movement and ideas via our Timely Whatsapp Analysis ??
Then Click HERE to open your trading account and be served by a team of Top Tier Remisiers.
We will also be sharing in our upcoming 24 April Seminar on how you can make use of the Complimentary SGX enhanced market depth which Poems is offering for FREE till 29 June 2018 and complement with our trading Strategies to spot the recent rebound in stocks and enhance your trading.
So Register HERE, Mark your Calendar and See you on 24th April !!.