Tuesday, July 18, 2006

A quick update on STI

Just to do a quick update on STI.

STI is doing a technical rebound and the rebound should be capped at around 2400 for the short term. The support is at 2380 and the resistance is at 2420. I think many counters are looking like STI at this moment (i.e. technical rebound). Do be nimble if you are trading this counter-trend.



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