STI up 20 points at 3160 now. It's just beneath its down trendline( resistance). An early signal for bulls to get in will be the trendline breakout, while the confirmation only comes when STI close above 3180 major resistance.
Breakout Play: Manhattan Res, at 1.10, up 5c now.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, May 31, 2011
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