Good morning.
It's our last trading day today to close book. STI managed to close higher yesterday at 2672.78, up by 6.53points. Slightly above its 61.8% fibo level at 2669. The trading volume has picked up slightly as well. The next fibo level in sight is 50% at 2714, which is its downtrend line resistance level. With US market up by 135 points last night, I'm watching STI for a rebounce today with upside capped at 2715.
Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Friday, December 30, 2011
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment