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Friday, May 31, 2013

STI Two days Heavy Sell off

STI closed -31.46@3336.01 yesterday, It once lost over 60points intraday but managed to recover half of its loss on close. The heavy sell-off hasn't been seen for long time.

Anyway, STI is still above the support 3320, within my defined support range 3344-3320. It's expected STI to stablise within the range for a while before its possible resume to upside. Thus, we can have time for a better entry price.

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