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Tuesday, September 27, 2011

STI Bullish Reversal

It's 10mins away to market close. STI shoot up 75 pts at 2730 now. Take a look at STI weekly chart, it shows a hammer candlestick(real time), as today is Tuesday only, the weekly candle not fully completed yet, but as long STI close above 2700 by Friday(major support, also Monday open at 2701 this week), I expect market will continue rebound in coming week.

We can take this opportunity to long at "bottom", the blue chips( mainly STI 30 component stocks) will lead the rebounce no doubt. will update you the long candidates in new post.

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