Start of the new year !

This will be my 1st post of the new year ! :) Quite excited about it though i can't say the same for the markets now.

For the Straits Times Index, it closed well with a shaven white candlestick with a heavy volume. Notice that STI only opened for half a day, so i consider that volume to be relatively heavy.

However, STI broke it's channel support 2 closings ago and notice that it rebounded off the resistive trendline. We shall see whether STI will break this trendline in subsequent closings. Meanwhile, STI is still forming a higher high and a higher low.

Straits Times Index: