SgTraderClub Weekly Stocks Updates: Straits Times Rebounding to Underneath 2700

Tuesday, January 3, 2012

Straits Times Rebounding to Underneath 2700

Good day everyone. A very good Happy New Year to you.

Some says STI is dressing up today as it didn't do so on last trading day last year. It's 44 points up to 2690 as I'm writing now. My expected rebounce level happened one day late. As it crossed the major resistance 2676 level, I'm slightly bullish rather than bearish as long it stayed above 2676.

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