Straits Times Index Daily (14.07.2014) Technical Analysis. The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a long development from January 2014 above the KUMO cloud. Now the Index is above the KUMO above the Tenkan Sen (light green) and Kijun Sen(blue line) too. The weekly and monthly diagram are bullish.
So the first think in mind is the uptrend continuance. The index has reacted from short term support line. MACD is on buy sign and RSI =55>50 (bullish)
We have no special candlestick pattern. The index is above the KUMO and above the Tenkan Sen & Kijun Sen.
There is no special pattern. The fib from 2954.26 to 3135.60 (projection) shows now a support at 1.618 of fib (3247.67) and a long term target at 2.618 of fib at 3429.
