Weekly market analysis by Fan Jun-- covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Wednesday, July 4, 2012
STI Entering "Resistance Zone"
STI has been soaring up for more than 150 points so far since last week, from 2800 to 2950 now(10.27am), today's high is at 2964.61. It bouncing up to the gap between 2990-2950 (4/5-7/5/12), which turns to resistance area now. We are at the "top" side, it may go sideway consolidation at this area or retrace if there are any bad news from EUR.
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SG Mkt
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