5 Facts About STI
Here are 5 Facts about STI, Read on!
1) The 200 day moving average is currently flat with bulls and bears vying for control.
2) Price is currently falling back into the range after attempting to breakout a 7 days ago.
3)Â Price is contained within the range between 3390Â and 3250.
4) The 52 week high is at 3550 and 52 week low at 3250.
5) The average true range has been declining over the last 2 weeks, signalling lack of volatility in recent times.
Trading Plan
The STI is currently at resistance area.
If the resistance holds up, we could see a slide back towards the 2015 lows.
The best picks would be stocks which are in a downtrend like Noble and Ezra.
Kindly do your own due diligence. As always, comments are welcomed and encouraged. Cheers!
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Hi Rayner,
What software did you use for this particular STI chart (and any negative feedback)? Beside ATR, is there a VWAP calculator as well, for a range you can specify?
Regards
Hi Robert,
I’m using chartnexus which is a free charting platform.
There isn’t any vwap from what I know.
Rayner
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