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nikkei up 70 pts ..
Today is Monday, no bad news so far, market should do fine ??
Interesting support in LinkHi counter @ $0.38 cts
There should be a rebound to between 2520 to 2540. That is my take.
Cheers
There should be a rebound to between 2520 to 2540. That is my take.
Cheers
There should be a rebound to between 2520 to 2540. That is my take.
Cheers
STI needs to breach EMA 50 resistance at 2547 to reverse current downtrend. Indicators are looking oversold so I expect some sort of rebound on Monday especially with Wall Street managing to reverse losses to close with a gain on Friday. Next resistance if EMA 50 is breached is the gap resistance from 2581 to 2620.
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To jschan_99, thanks for the advice. Yes i know they are in a debt. Hhmm..
The major STI up-trend line from October last year has been breached and heading down driven by the weakness in the indicatiors (willR, ADX) that I tracked faithfully. I expect the STI to continue its downturn till it reached its second resistance at 2450. The other major indices DJI and Nikkei are looking much the same situation whilst HongKong seems to be the least bearish possibly because of the China factor. So brace yourself for more downside next week. If you can manage it; sell down some of your holdings to buy it back cheaper; if not, I hope you knew what you are buying - to take a leaf out of Warren Buffet. Good luck to all fellow investors.
Next week to end of May will be very important. 2 situations will likely happen. Either it got to rebound or drop further.
Can the STI rebound if Dow Jones drop below 11000 next week?
If early next week Dow Jones can rebound the STI will most likely rebound. Most global markets (US, Europe & Asia) are oversold. STI seemed to be well supported around 2480. Last week the STI dropped below 2490 3 times but each time it managed to close above 2490.
Chang Beer, Thai Beverage...tink they are using the ipo money to pay off debts...Total debt close to a billion. 0.36 a bit pricey, somemore at such market condition
Personally, I believe it should rebound, at certain regular intervals. And institution may move in hour later.
Hello guys, i am pretty new at this world of stock! Still learning and yeah hopefully you guys qin dui dui zi jiao!
Chang beer ipo is coming right up and per lot is 0.36, ani comments?
I think it will be a cautious rebound.
I think it will be a cautious rebound.
side way
side way
how low should STI do before a meaningful rebound happens ?
my take is that the market is treading down, if you look at the various technical indicitators such as RSI MACD etc. The real sell down is not here yet as most margin traders are still in money. Wait till the first meltdown that will wipe these margin traders, and there's where u can see a very clear downtrend in the STI index. Most commodities holders that I knew that got in the market sometime last 1-2 months are suffering huge losses.
Bear reader
Monday STI will go up, at least for half day, in the morning.