Straits Times Index uptrend have been compromised.

It was a short week for Straits Times Index last week as the nation celebrated Hari Raya and National day on Thursday and Friday respectively. The week was lacking of active trading actions are many traders decided to stay out during the short week or were lacking of incentives to enter positions. STI started with a gap down action as it reacted to the bearish closing of DJI on the previous week. This triggered a bearish start for the week as it attracted more sellers into the market for the next few days. 3220 level was being tested and was even been broken briefly on Thursday but STI managed to hold itself well to stay above 3220 level. On Wednesday, STI managed to stage a mini rebound despite its struggled to stay above 3230 support level. Hence, STI concluded for the short-week at ...