STI hit new high today since this round of rebounce, it closed 3021.19( also high of the day), with 20.6 points up. We are in a steady nice uptrend now. With the three banks set up for more upside move in coming days, I'm bullish for STI, my target for STI 3190 remain unchanged( it may take some time to get there).
The smart way to trade is buy on retracement or buy when it breakout from a consolidation period. Below are the counters in my focus for more upside move:
CAO
FnN
OUE
SMRT
Ascottreit
CNMC Goldmine
Capitaland (breakout from consolidation)
NOL (breakout from consolidation)
GoldenAgri
UOB (breakout from consolidation)
Monday, February 20, 2012
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