Tuesday, 19 May 2009

STI Index - Update

i expect the correction to bring the index to 2040 .. however yesterday the index made a strong reversal after touching 2090 , and it break the short term downtrend channel also . As such , the short term correction might have ended and uptrend resume . Next immediate resistance is recent high of 2283 . If can break this resistance , potentially STI could even hit 2400 , follow by 2600 in the near term ...

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