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Friday, January 10, 2014

STI in Sideway Consolidation

Message from FB "SgTraderClub":

It's last trading day for the week. STI has been trading in a sideway for past 4 days, it hit 3190 resistance and was selling-off last week, formed a bearish weekly candlestick but has no follow through this week--it did not drop further down, which i see some "light" for bulls in short term. Immediate support is 3120, resistance at 3167-3190. The mid- term trend remain bearish, my long position would be only for short term swing trading unless STI can CLOSE above 3190.

Stocks to focus today: 
Del Monte

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