Sense & Guts - Technical Analysis Headline Animator

Sense & Guts - Technical Analysis

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What is Technical Analysis?

Technical Analysis is the forecasting of possible future price movements based on the past or historical records. Like other forecasting methods, it is using the past to determine the possible future, although the result may not be 100% accurate but it helps investors to anticipate what is the possible price movements ahead.

Technical Analysis is used by many investors and fund managers. It helps them to determine the trend of the market and individual stock, as well as the timing for entry and exit in their investment.

Wednesday, July 16, 2008

STI has Fallen Below its Support?

STI has fell below its support at 2850 and closed at 2830. It has break below both bottom uptrend line shown in the chart. Base on current market sentiment, looks like there may have more down side.

Also, with the starts of the result announcement period, unless you are expecting some good results, if not, it will be good to stay clear of the path.
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