Singapore’s Straits Times Index is establishing a base between 2600 and 2900. Rising 63-day Twiggs Momentum warns that the down-trend is weakening. Breakout above 2900 would signal a primary advance to 3200*.
* Target calculation: 2900 + ( 2900 – 2600 ) = 3200
South Korea’s Seoul Composite Index is headed for a test of resistance at 1920. Breakout would signal a primary advance to 2150*, but bearish divergence warns of medium-term selling pressure. It advisable to wait for retracement to respect the new support level, confirming the breakout.
* Target calculation: 1900 + ( 1900 – 1650 ) = 2150