There is no major selling pressure for now, STI is still on track of nice uptrend in the short term. STI immediate support is 2830, which is its weekly R1 level, then weekly pivot at 2795. I'm not too worry as long these two levels hold. STI low of today is 2828.22 till now.
I have few stocks in sight for upside move:
HL Asia: at 1.62 resistance now, ready to break.
Sakari: pull back to its 20 ma at 1.33
Hyflux: the breakout level 1.25 holding well, at 1.27 now
Sats: at 1.63 resistance now, slowly moving up
STI 60mins chart in nice uptrend( real time)
3 comments:
Hi FanJun.
Sakari just broke 1.3.
What is your immediate view ? Still can long, or sideline ?
thanks
Edmund
your avid reader
Sakari dropped back to its breakout level at 1.3, a defensive trader, you should stand aside watch if it rebound from here, a relatively agressive trader will get in partial position first. and a gambler will "hoot" at one go...
haha...good analogy!
got difference between MBS and RWS gambler ? hahah thanks!
ed
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