STI is under downside presssure on last Friday trading, negated its rebounce on previous day. I'm a bit of doubts if it will rebound at this moment, since inflation fears are continuing stalk the market.
Anyway, STI at its support level 3190 now, next support level is its 50ma at 3158 if it continue to slip.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Monday, November 22, 2010
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