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Friday, August 12, 2011

Weekend Wrap Up

STI did big swing with more than 220 points from high to low. It's starting rebounding today and managed to close above 2850 important support level, the strong buy in has left a long "tail" in weekly candle, which is a bullish sign.

Further rebounce is expected in the coming week. The immediate resistance is 2936. Blue chips which plunged will be my first choice to catch for a upside move.

Will update you soon again. meanwhile, have a nice weekend ahead.


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