Today´s Case Apr 12, 2024 - Singapore - Straits Times (SINGAPO)

Singapore - Straits Times is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 3208. Further rise to 3403 or more is signaled. The index has received a positive signal from the moving average indicator, thus signaling a continued rise. The index is testing resistance at points 3240. This could give a negative reaction, but an upward breakthrough of points 3240 means a positive signal. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically slightly positive for the medium long term.