Singapore STI
Sunday, October 11, 2009
, Posted by InvestorTrader at 5:19 PM
STI after falling below short term uptrend line is now testing it again. Will it be be able to break above it this week? Maybe for tomorrow it will since US market was up last Friday. If it does, it may head to test the weekly 200SMA but it will likely face resistance at 2681 which is the Fibonacci 50% retracement of the 3906 to 1455 drop and then the psychological resistance of 2700.
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