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Friday, April 1, 2011

Straits Times Resisted at 3110

Good morning everyone. I didn't have any post yesterday as I have nothing to say rather than want you focus on my last post. STI formed a doji candlestick yesterday, not much movement. Most of blue chips are just holding stalled.

Straits Times facing its major resistance at 3110 now. It has been a long way of run-up since it hit as low as 2920 recently, I think some health retracement is good, as market needs to take a break before it continue run-up. The support levels I'm looking at :

Support 1: 3070
Support 2: 3044


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