Following up from note on the market last week, we are still seeing STI hold above the 3000 level....
This is still a good sign of LESS BEARISHNESS ahead for this year...
Has been see sawing up and down above this level for the past few days....
Would be interesting if it can test the 3100 for more confirmation of the upside....
So far so good....
Recent Email:
Sent: Wednesday, January 11, 2017 1:19 PM
Subject: ****** STI : Finally breached 3000 level.... a good sign for the market... STI 3015
Subject: ****** STI : Finally breached 3000 level.... a good sign for the market... STI 3015
Over the past few days, STI has managed to near and even break the KEY 3000 level today... we can start to see more upside from here with more blue chips like property and bank continuing their rally. Another key level to watch would be the 3100 level which was the cap in Oct 2015. Therefore, we can experience some selling near 3100.... However the case, seems like quite a good start with STI BREACHING 3000 finally. A positive for the market overall in terms of sentiments too.
For illustration purpose only
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