As for HSI, it's approaching its prior support turn resistance level--the neckline of its head& Shoulder pattern, after yesterday's 450 rebounce. A key level to watch out today.
Thursday, February 4, 2010
STI and HSI Next Move
STI's fierce drop has been slightly relieved for the past six days. Currently it's sitting above its uptrendline as support, kinda of sideway in the range from 2720 to 2768 area. This is frustrated, I feel it can go either way, up or down at this conjection. A close above current resistance level 2768 could lead us to its 50dma thereabout, otherwise a break below current uptrend line would resume its previous drop.
As for HSI, it's approaching its prior support turn resistance level--the neckline of its head& Shoulder pattern, after yesterday's 450 rebounce. A key level to watch out today.
As for HSI, it's approaching its prior support turn resistance level--the neckline of its head& Shoulder pattern, after yesterday's 450 rebounce. A key level to watch out today.
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Investment Idea,
SG Mkt
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