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STI: Resistance at 2800
STI has been somewhat slow in pushing to the upside and has traded sideways for the past week, indicating a lack of conviction for now. The odds are that the 2800 mark will act as a resistance level. more |
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STI: Muted uptrend
While we anticipate the STI to extend its gains this week, we are expecting only a muted uptrend on lacklustre trading activity. more |
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Dollar weakness driving STI higher
With the US dollar weakening and the S&P 500 pushing higher, the STI is likely to trade higher as well though within a more muted trading range. more |
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Tiong Woon & Wilmar
Tiong Woon is displaying good price action at a confluence of support. This makes it a potential long candidate, while Wilmar is exhibiting signs of a potential breakout play. more |
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STI: Poised to extend gains
We believe the present bullish momentum could push the STI up to the 2,740 resistance level – this represents the trading high for 2009. Meanwhile, support is at the 2,613 – 2,621 levels. more |
