SIA has been supported above the critical 10.00 level since Dec 2011 till now. This Support looks set to hold again. Would be good to consider accumulating near this support level probably from 10.00 to 10.20 for another rebound when the market recovers. Of course the lower the better, but no one knows how low near support it can go before rebounding so layer your accumulation trades. Not for contra trading as it might take a while to consolidate before rebounding like what we have seen in Jun and Nov last year. Take profit on rebound from 10.80 to 11.00.
Stop loss strictly as 9.96. In fact we will consider short positions if the 10.00 does not hold.
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