This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a correction decline last two weeks and it reacted exactly on EMA 50 last Friday. There are several golden crosses on yellow circle in April that give a sense of bull market. The EMA 50 crossed EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too.
MACD completed the negative divergence and now has an uptrend return above the zero line. RSI > 50.
The fib has a 2.618 level of resistance. Long for it. Stop loss under the EMA 50.
The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has made a correction decline last two weeks and it reacted exactly on EMA 50 last Friday. There are several golden crosses on yellow circle in April that give a sense of bull market. The EMA 50 crossed EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too.
MACD completed the negative divergence and now has an uptrend return above the zero line. RSI > 50.
The fib has a 2.618 level of resistance. Long for it. Stop loss under the EMA 50.
