Invest
Market Outlook (04/05/13): STI Display Weakness Despite 3325 Resistance Breached!
By Dou  •  May 4, 2013

STI

In last week, STI gain 21 points from the opening of 3349 and close higher at 3370. A white candle stick with long upper shadow indicates that investors begin to take profit off the table.

Key Economics Data report:

Job creation accelerated in April, with the U.S. economy adding 165,000 new positions and the unemployment rate edging lower, quelling worries of a spring slowdown.

The unemployment rate edged lower to 7.5 percent, due partly to the jobs gains and to a labor-force participation rate that remains at a 35-year low. An alternative rate that also counts those who have quit looking or are underemployed rose to 13.9 percent.

Technical Analysis on STI

STI index climb higher in this week after it broke the resistance at 3325 last week which boost the sentiments of the investors.

1) In weekly chart, a white candle stick with long upper shadow similar ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance