STI Report @ 17/Feb

Posted by Dou at 2/17/2010 . Wednesday
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STI has gained 1.27% by closing @ 2794 on 17/Feb with 296 gainer vs 143 loser @ LOW vol of 1409.4 million

This sentiment is supported by good gains for HSI, positive lead from U.S. market as effect of recent negative shocks such as Greece debt, China tightening, wanes.

However caution should remain on investor for the sustainability of this rally.

LOW VOL and forming of a Doji candlestick lacks conviction therefore investors who are looking to go long should stay at sideline for the time being.

Major Resistance: 2933

Immediate Resistance: 2808

Immediate Support: 2759

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