Good Morning!
US market is up on Friday, it simplly no follow through for any drop--one day or two down and was immediately push up again. and this week is the Option Expiration week again -- bulls' dream, bears' nightmare - OPX week typically has an upside bias. I will do more US market in another post.
As for STI, nothing has changed, as said few posts back,STI in a nice uptrend channel, it firmly stand above 2700 last week. A one day pull back was followed by a immediately push up. Currently STI:
1. Just hit its 200weekly MA,(resistance)
2. stand on top of its 50% fibo(support)
The immediately level I'm watching is 2750 as target. It seems STI will continue its sideway action with bias to upside.( blog having issue with uploading pic at this moment, I'll upload pic later).
As for individual stocks, here are the bullish set ups I'm watching at:
SC global
Olam: 2.5 as support
Capitaland: 4.0 major support
KS energy: 1.03 major support
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