Do checkout how we ride the trend from 3000 till now
- For the Past 14 days STI have been staying above the 5days Moving average, Uped more than 100 points. This 5 days moving average is actually can tell the Short term trend.
- For the Past 14 days STI make New high every 3 day
- On 25 Feb we STILL see a new high, There is still buying going on in the market. Today 26 is second day no new high, we need to see 3 day no new high to confirm the reversal.
- Property Sector still weak, Capitaland, Capmallsasia is hitting the low for past 5 trading days. Banking stocks will get profit taking first (turn down today). Commodities sector is the strongest with wilmar and GoldenAgri Hitting the High for past 5 trading days
- Watch out if today close below 3100, do watch if STI break 3080, if we dont break new high in next 3 day, we are on profit taking. STI likely to go Sideway or down.
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