SINGAPORE (Sept 29): Here are some charts this week for our technical analysis.
Straits Times Index (daily)
The Straits Times Index (3,219) fell by a point over the past five trading sessions. However, during the week, the index rose to an intra-day high of 3,250, marginally below the 100-day moving average at 3,253. Short term indicators are still spoiling for an upturn. Short term stochastics started to rise a week ago and should continue moving up. ADX has turned down, but the DIs have just turned neutral and are likely to turn positive on Oct 2 (Monday).
