The STI is currently at 3308.10. This is a respectable level for our Singapore bourse. So the question on the minds of many investors is whether the STI will continue to climb? For this, I opened up my stock charting software and looked at the technical graph of STI ETF. Looking at the chart of STI ETF will give me a sense of how the STI is performing since STI ETF is an exchange-traded fund which tracks the STI. From the graph, the STI ETF has a “Golden Cross” where the blue MACD line cuts the red signal line from below, this is a bullish sign. Next, in terms of RSI, the STI ETF is attempting to cross from below the “Overbought region”- this suggests that the STI is not overbought yet. Thirdly, I observed that the 5-days moving average is still going up steady, being above both the ......
