STI has so far recovered 18 points after a 66 points drop a week ago. It will likely to form a green weekly bar today, Friday Indicator levels for STI:
61.8%: 3052
50%: 3048
38.2%: 3044
While weekly pivot at 3056, fibo 61.8% @3056 from the 3110 to 3021(recent high to low), the recent resistance still capped at 3066.
New IPO Geo Energy( code: RE4) will start trading today, business similiar to sakari, the IPO seems very hot. IPO price at 32.5c
Friday, October 19, 2012
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