Support found for STI

The Straits Times Index seems to have found support on the 50d EMA. Currently it has test the 50d EMA for the past 4 closings and it's able to close above it and that is bullish. I am very inclined to tink that this correction is over.

Straits Times Index:


I was looking at Pan Hong today. It has been a low volume counter until the last week where volume starts to pick up. I charted it since it appeared on the top volume list 2 days ago and i tot it was fishy. Pan Hong broke it's historical high with exceptionally high volume today. It is quite near the resistance turned support trendline so Pan Hong may perhaps be supported by this trendline. This may present a good opportunity to get in.

Pan Hong: