Saturday 1 November 2014

STI strong rebound! It is a counter trend retracement.

STI got a strong rebound on Friday (31 Oct 14), from chart it is second week move up due to oversold retracement. Next week will move to test resistance 3300 point, if STI hold well above 3200 point, go side way and form chart pattern and break up with volume is bullish. Every inch up getting difficult without increase in volume, in longer term STI don't know where to go yet. 


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