SgTraderClub Weekly Stocks Updates: 2780 key Support level Still Intact

Thursday, November 17, 2011

2780 key Support level Still Intact

STI came down tested 2780 support and rebounded to close 2807 yesterday, and it opened today(gap down) at 2780, AGAIN. 4th time since it broke the resistance level on 27th Oct.

Overall, market is trading in a sideway manner, also an "insideweek" within last week range. It's rather frustrating. To show me some bullishness, it should at least climb above 2810 today. Otherwise, a same inside day again.

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