STI downtrend channel still intact, means to say downside pressure remains. STI short term resistance at 3010~3026 thereabout. It has to break above this level to give more confidence to bulls.
Wednesday, March 23, 2011
STI Facing Resistance 3010~3025
STI rebounded to 3000 in past two days, after it hit as low as 2920 support. Phew....a temporary relieve.
STI downtrend channel still intact, means to say downside pressure remains. STI short term resistance at 3010~3026 thereabout. It has to break above this level to give more confidence to bulls.
STI downtrend channel still intact, means to say downside pressure remains. STI short term resistance at 3010~3026 thereabout. It has to break above this level to give more confidence to bulls.
Labels:
Investment Idea,
SG Mkt
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