Just a quick look at the STI after today's close. Above is a daily chart of the STI. It closed strongly above the 50-day moving average; a good sign, but is encountering strong resistance at the 3112 level (previous swing high and multiple support level in the past). Momentum is still strongly upwards, support is around 3060.
Above is a daily chart of GENTING SP. It put in a strong showing today, breaking above the $2.03 resistance on high volume to close at $2.07, while at the same time also closing above the 50-day moving average. Momentum is also strongly upwards, with next resistance at about the $2.20 level. Immediate support is at $2.03 (previous resistance), but the next support is at $1.86 (the previous swing low).
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