I was preparing to short before market open but when I saw STI gap down when open to the support 3035. No more short and it's time turn to long for a rebounce! Remember: Do not short at support and do not long at resistance.
(click to enlarge)
Wednesday, October 10, 2012
STI Hit 3035 Support
STI this morning opened gap-down exactly at my pre-defined support level 3035( refer to my yesterday post). It went few points lower to 3031.5 then rebounded. Currently at 3040(1.26pm). My immediate focus will be the gap filling from 3035 to 3065.
I was preparing to short before market open but when I saw STI gap down when open to the support 3035. No more short and it's time turn to long for a rebounce! Remember: Do not short at support and do not long at resistance.
(click to enlarge)
I was preparing to short before market open but when I saw STI gap down when open to the support 3035. No more short and it's time turn to long for a rebounce! Remember: Do not short at support and do not long at resistance.
(click to enlarge)
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