Note the target is in middle to long term. Do not expect it to be achieved very soon. In short term wise, 2857 is the immediate resistance level to watchout, we could see further upside if it cross and stay above this level.
Thursday, October 27, 2011
Bulls are Back
Another 6 minutes to 5pm, STI has soared up to as high as 2862, or nearly 100 points intraday today. currently around 2850 level. 50% market for STI to "go home"( 2010 close) is at 2857 level. We have an inverted Head and Shoulder pattern on STI chart with the neckline is 2780, the target is 3027.
Note the target is in middle to long term. Do not expect it to be achieved very soon. In short term wise, 2857 is the immediate resistance level to watchout, we could see further upside if it cross and stay above this level.
Note the target is in middle to long term. Do not expect it to be achieved very soon. In short term wise, 2857 is the immediate resistance level to watchout, we could see further upside if it cross and stay above this level.
Labels:
Investment Idea,
SG Mkt
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