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Wednesday, August 3, 2011

STI Updated

STI dropped 54 pts at 3123 now( 12.03pm), it dropped to as low as 3111.34 in early trading session.

There are two important level to watch out for STI turn around, 3120 and 3100. and 3113 is the 50% fibonacci level. As such a huge drop so far, I think STI downside will be limited to 3100( major resistance turn support level).

I will be watching those "Falling Angel" for rebounce first. Those blue chips as I always mentioned...
(click picture to enlarge)

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