SgTraderClub Weekly Stocks Updates: Prepared for Downside

Thursday, July 28, 2011

Prepared for Downside

Good morning.

US market declined, Nasdaq also giving back its one week gain in just one day. It's not giving STI the necessary momentum to continue climb higher than 3190. Be prepared for a "volatile day".

I will be using Fibo levels as reference to support levels.
38.2%: 3143
50%: 3126
61.8%: 3110

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