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Tuesday, August 25, 2009

Updated STI Chart

Updated STI Chart :



Parabolic SAR buy phase triggered today. With this, I am more optimistic that the index will clear the last significant high at 2,647 and possibly retest 2,700. However, I am still very apprehensive about the correction being too shallow. Correction at the end of 5 waves really should not be so shallow. So even if we are heading north in the near term, we should stay cautious !
Noble closed at $2.21. For those who missed the opportunity today or haven't buy enough can look up for the return move to buy on dip ( provided if the return move take place at light volume ).

Next, I am beginning to monitor SingTel at around $3.25 ~ $3.26 but this may take a few days and depend on market sentiment.



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posted by Market Wizards @ August 25, 2009 Comments: 0