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Saturday, May 16, 2015

Weekly Wrap

For the week, all major indexes listing in the table below have rebounded from past week(s) correction. Weekly candlesticks for all six indexes look bullish, it's expected market will be rise or consolidate at support.

Stocks in focus for Singapore:

China everbright Water

HSI weekly doji candle formed. Market uptrend may resume after previous two weeks retracement.
 Shanghai index is leading the rebound. Formed a bullish weekly candle as well.
 STI weekly formed doji candle at major support 3465 level. Uptrend is well intact.

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