Monday, December 13, 2010

SG Market Analysis -- 13th Dec 10


STI forecast for the week 13th Dec - 17th Dec 2010.
If STI was to still able to maintain trading within its channel, the following lower and upper boundary should be valid.

13th Dec :  lower boundary, upper boundary = 3,180 - 3,223
14th Dec :  lower boundary, upper boundary = 3,186 - 3,227
15th Dec :  lower boundary, upper boundary = 3,190 - 3,232
16th Dec :  lower boundary, upper boundary = 3,195 - 3,237
17th Dec :  lower boundary, upper boundary = 3,200 - 3,242

Note also breaking out of the channel ( to the upside or downside ) must accompany with high volume else the breaking out/down will be considered invalid.