The probability of STI to pull back has increased now, I'm looking at 3110 (prior resistance turn support) as the first defense level for bulls.
Wednesday, April 6, 2011
Straits Times Resisted at 3150
With many counters at their resistance level but failed to breakout for upside yesterday, it turned to selling off and formed a shooting star candlestick on STI daily chart, at its trendline resistance 3150.
The probability of STI to pull back has increased now, I'm looking at 3110 (prior resistance turn support) as the first defense level for bulls.
The probability of STI to pull back has increased now, I'm looking at 3110 (prior resistance turn support) as the first defense level for bulls.
Labels:
Investment Idea,
SG Mkt
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