STI effective support is at 2700-2715, and the resistance area is 2790-2800 in coming week. STI may had a side way consolidation or retacement before it take off to up again.
Will update you more long candidates.
Monday, October 17, 2011
Weekly Wrap and Broad Market
Uncle Dow closed at 11644, up by 166 points on Friday trading--its highest CLOSE over the past two months. It's now standing above its benchmark leve, last year close 11570.
The fear factor VIX has cracked its support level and dropped below 30 on the same day, which indicate market bullishness. I see further upside other than downside in coming weeks.
STI effective support is at 2700-2715, and the resistance area is 2790-2800 in coming week. STI may had a side way consolidation or retacement before it take off to up again.
Will update you more long candidates.
STI effective support is at 2700-2715, and the resistance area is 2790-2800 in coming week. STI may had a side way consolidation or retacement before it take off to up again.
Will update you more long candidates.
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1 comment:
Thanks FJ, please share more on STI. :-)
Butter
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