Straits Times Index turning uptrend but it is lacking of market participation.

Straits Times Index had a great week last week as market prices started to revive after the end of World Cup. STI struggled during the early days of the week but it managed to gain its momentum at the mid of the week. Most importantly, it managed to stay above its support at 3280 level, which proved that STI is starting its uptrend formation. On Wednesday, it successfully pulled off a strong closing as it tested its resistance at 3305 level. Further testing of this resistance level was done on Thursday which it failed to break it. On Friday, despite its initiate reaction to the news of crash of M17 aircraft due to conflict in Ukraine, STI was being able to maintain its bullishness and broke out of 3305 resistance level. For the whole week, STI managed to ...