Wednesday 31 December 2014

STI last trading day of 2014, where are you?

STI break resistance show strong move (which surprise me) but decrease in volume, year end rally or window dressing by institution the reason not important for me, question is whats next?

The chart pattern show a reverse Head & Shoulder pattern and STI just break up looking good, follow up if hold above 3360 point and eventually break 3390 point with volume is good for new up trend but if fill the Gap and fall back to congestion zone will have another round of side way ranging. 

3200 point is the support to watch, if next year make a lower low shall prepare for a bear coming.


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