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Tuesday, February 18, 2014

STI Resistance Overhead

Message extracted from FB" SgTraderClub":

Feb 18, Tue stockwatch

US market closed for Holiday last night. HSI +237pts, SSE+19pts yesterday.
STI+30.57 or 1% surge yesterday close at 3069.28, its biggest gain since last Sep. STI rebounding into its "resistance zone" now as shown in my chart below. It may continue rebound for few days. I'm monitoring its action as it approaching the three short term downtrend line for any bearishness signs.
Trade small and be nimble.

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