STI – Turning cautious

November 9th, 2009 admin Posted in STI, singapore stock | No Comments »

My personal view on STI, please draw your own conclusion.

STI has broken down from the 40 and 50 Moving Average. Can consider to lock in your profit.

(Sell on strength but does NOT mean short)

20 MA and 40 MA are flat . CCI already high indicating the wave are already near max.

At best we are on a sideway.

STI support 2570 which is also at sloping up 100MA.( Long term can consider buy but NOT now)

STI 091109


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