Tuesday, February 9, 2010

STI Updates

Market went bullish today on a expected technical rebound. The MACD Histogram +ve divergence did warn of an impending rebound upwards. The gap made few days ago is also now fully covered.

However, STI faces resistance at 2755 (100MA), 2810 (50% retracement), 2843 (61.8% retracement) and 2850 (gap resistance).

Let's see how it goes... My eyes are shutting as I type this post out.

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