25 Nov '12, 6am

Market Outlook (24/11/12): STI Selling Pressure Ease?

Market Outlook (24/11/12): STI Selling Pressure Ease?

Market Outlook (24/11/12): STI Selling Pressure Ease? by Dou on November 24, 2012 In last week, STI gain 43 points from the opening of 2946 and close higher at 2989. A white candle sticks with short upper/lower shadow indicates investors are buying the stocks higher and there are little profit taking. Key Economics Data report: On Friday, European Union leaders has failed to reach agreement on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries balked at far deeper spending cuts demanded by Britain and its allies. Technical Analysis on STI STI index had breached the resistance at 2983 and close slightly above the resistance turned support. 1) In weekly chart, a white candle stick with short upper/lower shadow affirms on recovery on the stock market. 2) The weekly trading volume drop as some investors are unsure of t...

Full article: http://thefinance.sg/2012/11/24/market-outlook-241112-sti...

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