Support: 3062
Resistance 3100
The relatively safer "Longs" to consider are:
Straisasia 3.0 support
Wilmar 5.45 support
Tuesday, July 12, 2011
The Panic Plunge
STI dropped more than 60pts intraday today and recovered 20pts to close at 3077. It broke all my prepared support level and hit 61.8% fibonacci at 3062 then bounced back. major support levels:
Support: 3062
Resistance 3100
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The general market is bearish, but some bottom swing trades are lucrative, I did catch some bottom fish and expect for a short term quick profit.
The relatively safer "Longs" to consider are:
Straisasia 3.0 support
Wilmar 5.45 support
Support: 3062
Resistance 3100
The relatively safer "Longs" to consider are:
Straisasia 3.0 support
Wilmar 5.45 support
Labels:
Investment Idea,
Long Candidates(Sg)
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1 comment:
Gap down from support @ 3105. If the gap is not filled in the next few days, expecting the start of the next downturn.
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