STI – Turning cautious

Collin Seow — Mon, 09 Nov 2009 04:08:16 +0000

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)

HK Land US$

Collin Seow — Fri, 11 Sep 2009 02:31:05 +0000

Set up of Swing trading 3-5 day trade. 20 and 40 ma sloping up and CCI <-100

Trigger day will be day1 when it break the prior day high.