Tuesday, February 15, 2011

STI downtrend status

The STI downtrend come down to a halt for a breather,


As stated on the above chart, there is 2 downward trend at the moment. I will expect the third one to happen in weeks time. As we can see, the 200MA is not tested yet. I will expect STI to test it's 200MA. And it is around 3040 at the moment. Personally, i feel STI will test 3000 major support.

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