Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Thursday, September 29, 2011
STI "go home" Now
STI opened lower and rebounding after that for the whole morning session, playing "go home" (2715-2730 resistance as mentioned in two post back). Now it at 2705( previous gap resistance 2705-2715).
As long as it stayed above 2700 by tomorrow(Friday) close, we will have a bullish reversal candle at support level.( Please refer to my post on Tue). It's all about numbers and levels. I didn't enter to short as planed, as I see the stocks did gap down lower on opening, and there's a chance for it to fill the gap.
Will update you again.
As long as it stayed above 2700 by tomorrow(Friday) close, we will have a bullish reversal candle at support level.( Please refer to my post on Tue). It's all about numbers and levels. I didn't enter to short as planed, as I see the stocks did gap down lower on opening, and there's a chance for it to fill the gap.
Will update you again.
Labels:
Investment Idea,
SG Mkt
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