Singapore's Straits Times Index hits 5-week high; technicals suggest further gains

Venture

18/04/2018 06:17

** Singapore's Straits Times Index  .STI  rises as much as
1.35 pct to 3,545.56, its highest since March 14
    ** Breaks out of a triangle pattern, seen bullish for the
index
    ** Index's 20-day exponential moving average(EMA) also cuts
above its 50-day EMA and is seen favorable 
    ** RSI also cuts above the 60 mark, a resistance level in
Feb and March
    ** Immediate Fibonacci support and resistance are at 3,513
and 3,551, 23.6 pct and 14.6 pct retracement levels,
respectively
    ** Venture Corp Ltd  VENM.SI , up 40 pct, is the top gainer
this year as of Tuesday's close, while Hutchison Port Holdings
Trust  HPHT.SI , down 20.5 pct, is the top loser 

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STI Technical Chart    https://reut.rs/2JWMI3k
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 (Reporting by Gaurav Dogra)
 ((gaurav.dogra@thomsonreuters.com;))