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Friday, February 1, 2013

Friday Indicator

Jan 2013 has just ended, with a total of 115.58 points or 3.6% gain for STI. Will the conventional January Effect unfold for the rest of the year? We will see.

It's Friday, below are my usual Friday Indicator levels for STI:

61.8%: 3279
50%: 3275
38.2%: 3272

The bias is to upside if STI closed above 50%. Support level is at 3275-3250.

Long candidates:
CMT
GLP
Genting sp
MapletreeCom
MapletreeLog
Rotary
ST Engg
Sabana

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