The Singapore Straits Times Index (STI) Daily Diagram Technical Analysis Training shows the following:
The STI index has reacted towards to EMA 200 last Friday. The index is under the KUMO, the Kijun Sen & Tenkan Sen too.
So the first think in mind seeing the diagram the 3287 approach. MACD and RSI tries for bullishness but are still bearish.
There is a bullish engulfing. The index is exactly on the EMA 200 resistance.
There is no special pattern. The fib technically shows the levels.
Long for 3287. Stop loss under the 3235.
The STI index has reacted towards to EMA 200 last Friday. The index is under the KUMO, the Kijun Sen & Tenkan Sen too.
So the first think in mind seeing the diagram the 3287 approach. MACD and RSI tries for bullishness but are still bearish.
There is a bullish engulfing. The index is exactly on the EMA 200 resistance.
There is no special pattern. The fib technically shows the levels.
Long for 3287. Stop loss under the 3235.
