A long signal on 040122 at 3168 on the day charts puts the STI on a multiple time frame UPTREND to start 2022. the targets are now illustrated on the monthly charts at 3415 and 3641 respectively.
This uptrend move may break the downtrend drought of the STI since October 2018.
There are only now 6 COMPONENTS in the STI index that are in an UPTREND led by the banks and the property sectors.
LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM UPTREND since 040122
PIVOT 3116
Long positions above 3116 for 3415 and 3641
Short positions below 3116 for 3067 and 2747
Comentarios