Above is the STI showing the short-term downtrend channel. It clearly shows that STI is approaching the upper resistance line. It is around 3225 area, and i believe it will stage a pullback over there. Risk will be lower if you start the shorting over this area. But from now till that area, it is still about 50 points away. So just hang on, wait for Mr. Market to tell you what to do.
Weak counters: Wilmar, KepLand, DBS
These counters appeared to be weak but the wave support them. At the mean time, it is not advisable to enter any shorts yet. Follow the old saying 'Trade with the trend', i will not react yet till Mr. Market says so. Again, these counters are based on my own analysis. Please do your own homeworks before any trades.
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