STRAITS TIMES INDEX – Part 5
Straits Times Index continued to lose ground as with the other major indices while depreciating by 2.3% for the week. It has broken trend-line, 20MA, 50MA and 100MA. Also broken support 2700. If we draw fibo, 50% retrench be the support level. This be key support on 2650.
For Long Term investor is possible to go in as 200MA still slopping up.
Please look at the previous post on STRAITS TIMES INDEX – Part 1, STRAITS TIMES INDEX – Part 2, STRAITS TIMES INDEX – Part 3 and STRAITS TIMES INDEX – Part 4. Resource more,Click Here!
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