TA Presentation at NTU-SFC 2017

Shared with the audience that with the right understanding, forecasting using Technical Analysis is not complex.

STI has reached its mid-term objective of 3,200 zone following its upward trend since early 2016. Technical observations showned that the index has touched a previous support created in 2014 and Fibonacci level hitting 261.80%, MACD also reaching a peakish level at 76.5.

Thus, traders may hold off their LONG trades, till the index has retraced to a significant support level. Following is the s weekly chart presented at the event.