STI

21st September, 2015, 3:26 PM

Just an update on the STI, the last we saw it hit the low of 2837 when it broke our horizontal line of 2877 it didn’t hit our target of 2808 level missing it about 30 points.

With that it seems that STI looks strong but for the moment is in a sideway consolidation mode. Its friday’s closing was below the downtrend line and it seems that we might be testing that first downtrend line again. A break above that might see STI test 2928 level in the coming days. So stay alert. Its an upwards bias from here.

STI Sept 2015
STI Sept 2015

Yours

Humbly

Sembmarine

21st September, 2015, 3:11 PM

Sembmarine testing the downtrend line and closed right at it. With oil recovering in US trade we could see it finally break above that downtrendline, it tried to break it on friday but came back down at closing. If it manages to break above and stay above that downtrend line we might see it test $2.55 in the coming days.

sembmar

Yours

Humbly

Ezion

21st September, 2015, 2:55 PM
Ezion Sept 2015
Ezion Sept 2015

Ezion, having recovered well despite market being down during the day, it had a late day movement and had a nice strong closing. With oil recovering in US trade if oil continue to sustain ezion might have a recovery to 80 cents and even to 0.825-0.83 centsย subsequently. From there we will have to see how the market reacts. So be alert once it reaches there.

Yours

Humbly

STI

5th September, 2015, 7:56 AM

The STI broke it’s immediate support of 2877 on friday and saw selling throughout the day. With Dow closing lower on friday night we might expect the STI to move down and retest the previous support of 2808 level and if a break of that we might even see it go lower to test 2756 area and depending how bad the markets might be we will then update then again.

STI Sept 2015
STI Sept 2015

Yours Humbly