Currently, i have some stocks with me - Ezra, OCBC, SGX and was riding with them since the bottom is formed at 2919. My wave theory has surpassed many of the market analysts' prediction so far. Many of the analysts were looking for STI to go for another leg down, basically telling Mr. Market what to do.
Let's look at the current status of STI.
3120 will be a critical level to look at now. Mr. Market is waiting for something before moving. At this moment, most of the blue-chips just stopped below their resistance level. If STI cross the 3120 point, the next resistance level may be at 3210 - 3230 range. But if it pull back, 2965 will be the support.
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