Straits Times Index managed to rise within the bearish storm.

2015Feb-Straits%20Times-1280x768.png

Straits Times Index managed to rise within the bearish storm.

The Straits Times Index managed to experience a bullish week despite facing negative concerns from various countries last week. The movements clearly show that market participants are still positive on STI’s bullish strength. The week started with a positive note with STI fighting to head towards 3420 resistance level again. But the resistance was felt the next few days as market participants were unable to break this resistance level. There was strong selling pressure last Thursday which many thought that STI will retrace further. However, a positive boost was seen on Friday which aid STI to break 3420 resistance and clocked a high of 3441 level. Hence, STI was seen ending its week at 3431.36 level and made 40.16pts worth of gains. Many were concerned on whether STI will be able to sustain its bullish momentum. Can STI …

Read the full article →

Leave a Reply

Your email address will not be published. Required fields are marked *