For the time being, I'm watching 3180 and 3100 for the immediate resistance and support level respectively. Looking at the bigger picture, STI may move higher to its target 3280 as long as the 3100 is hold.
Monday, May 16, 2011
Straits Times Index
Good morning everyone. I'm cautiously bullish on STI given that US market has pulled back and the US dollar is likely to rebound a bit. These will probably add more pressure on STI's rebounce.
For the time being, I'm watching 3180 and 3100 for the immediate resistance and support level respectively. Looking at the bigger picture, STI may move higher to its target 3280 as long as the 3100 is hold.
For the time being, I'm watching 3180 and 3100 for the immediate resistance and support level respectively. Looking at the bigger picture, STI may move higher to its target 3280 as long as the 3100 is hold.
Labels:
Investment Idea,
SG Mkt
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