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Singapore STI - 31 July 2009 & CSI Scans

Sunday, August 2, 2009 , Posted by InvestorTrader at 2:33 PM

STI weekly chart - STI still looking strong with 2 marubozu candles in a row. Trend is still up in the intermediate term but caution is needed as it heads towards potential resistance at the Fibonacci 50% retracement level of 2679.

Position Trading using MetaStock CSI system scan:

Conditions for entry are the occurrences of Green Ribbon, Blue Bar and Buy arrow.

Keppel Telecoms: Another appearance of buy signal. Possible entry at 1.58 and stop loss exit at 1 to 2 bids below 1.48.

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