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Thursday, March 1, 2012

STI Retraced

3.10pm: STI -15.3 at 2978.  In overall STI uptrend is still intact, it has retreated back to the gap support area between last two days( filling the gap). The gap is overlap with fib retracement level 61.8% at 2979 and 50% 2972 level too.

Some weak counters has broken their support on intra-day baisis, including:
Hyflux: 1.43 support broken
Amtek
Ezra
Osim

The banks are holding well.
Next major support is 2946(S1) if it the gap support can't hold.

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