By KP on May 12, 2008
Singapore STI Index is also supported by 20d MA at approx. 3,168. This is a critical support to watch. The market rebounded today with a white candle. However, the volume traded today is significantly lower. A real reversal must be fueled by an high volume. So, I do not think this rebound is sustainable. There are still down side pressure in the market.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
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Posted in SG Stock Market | Tagged Singapore, STI, Stock Market Trends
KP Yang is a private trader are passionate about invest and make money in the stock market. He also enjoy using technical analysis to study the market trend and formulate trading strategies based on TA. "There is NO Secret Ingredients. That's just YOU" - Kungfu Panda. He believe practice makes perfect, everyone can be successful in the stock market by constantly learning, practicing and taking action.
