Tuesday, June 17th, 2025
Market Updatesstock of the day

STI ETF:$3.685, breaks resistance.

Posted on October 18, 2024 at 8:34 am (GMT+8)

552
Views
Share on Facebook
Share on Twitter

STI ETF:$3.685, breaks resistance.

  • Monitor New Support Levels: After breaking through $3.685, traders will watch to see if the ETF can hold this level. If it does, $3.685 may become a new support level, reinforcing the potential for more gains.
  • Look for Confirmation: Traders often seek additional confirmation of the breakout by looking at other indicators (e.g., Moving Averages, RSI) or watching for sustained price action above $3.685.
  • Setting New Targets: With the resistance broken, traders might set new price targets based on previous highs or other technical levels, aiming for a continuation of the uptrend.

    Thank you

Related Posts

Hong Kong stocksMarket Updates

Bullish Momentum Builds for Smoore International Holdings as Upside Breakout Signals Growth
minichart
September 24, 2024

Date of Report: September 24, 2024Broker: CGS International Securities Company Overview Smoore International Holdings Co Ltd (6969.HK) is a Hong Kong-based company specializing in vaping technology solutions. The company is recognized for its advanced...

Market UpdatesSingapore SGX stocks

Yangzijiang Shipbuilding: Strong Orderbook and Margins Boost 2025 Outlook
minichart
January 8, 2025

Comprehensive Financial Analysis of Yangzijiang Shipbuilding and Industry Peers Comprehensive Financial Analysis of Yangzijiang Shipbuilding and Industry Peers Broker Name: CGS International Date: January 7, 2025 Yangzijiang Shipbuilding: A Leader in the Industry Yangzijiang...

Market Updates

Kasikornbank Faces Challenges Yet Shows Resilience with Strong Non-Interest Income Growth
minichart
October 22, 2024

Date of Report: October 21, 2024Broker Name: CGS International Securities (Thailand) Co. Ltd. 3Q24 Financial Performance Overview Kasikornbank (KBANK) reported a 3Q24 net profit of THB12 billion, reflecting a 6.1% year-on-year increase but a...