October 05, 2009

SGX- STi index

Hi all,
Due to US reported weak indication last week, STI follow the trend and fell below 2600 on last Friday, Since US continue to fall last friday night STi open low this morning but it still keep below 2600.
What will be the support line for STI....?

1st support line: 2595
2nd support line: 2517

1st Resistance line: 2655
2nd resistance line: 2699

Most of the counters that i monitors retraced in last two trading days, so i getting more excited what will happen so i can buy some.

China Hongx
Raffles Edu
Jaya Holding
Hongguo
Synear
Starhub

These are the stocks that i'm looking at now, if blue chip retraced and achive my target i will buy in some. STi stay at current seem like the bluechip still strong to keep market at this level.


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