Market Review and Trends
Straits Times Index ending the year of 2013
By Jay Chia - Your Financial Mentor  •  December 30, 2013
Straits Times Index ending the year of 2013

Straits Times Index ending the year of 2013

The week of Christmas turns out to be a Christmas rally for many as Straits Times Index broke multiple resistance levels. This rally had a strong start on Monday as it managed to break 3100 resistance level without much of a struggle. However, its upside was being capped by the 20ma line on that day. This 20ma resistance did not hold long, it was being quickly broken on Tuesday’s gap up action. Despite half day worth of trading actions, STI is still able to maintain the bullishness and close near the next resistance at 3130 level. This resistance level was being broken on Thursday as Christmas mood continue to lift the market. For the week, STI had achieved a total gain of 55.28pts; ending at 3149 level. Will STI be maintaining this winning streak this week? How will STI behave a ...

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By Jay Chia - Your Financial Mentor
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