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Thursday, February 18, 2010

HSI Under Resistance

HSI is kissing its neckline (resistance) for the second time. It's important for it to cross above this line, to move higher. otherwise it's a turning point to downside again, and it will be getting lower, to its previous support level. I'm seeing it's in favor of bears camp.


STI looks much better as it already gappe up and stay above its resistance line yesterday. It's now in the middle of the resistance and support line(also its 50dma and 20dma respectively).


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