A look at the STI. Uptrend is getting stronger. The STI has broken out of major resistance at 3130 and looks poised to head towards next resistance @ 3180.
Genting SP has been consolidating for quite some time, and is now showing signs of heading towards its previous high of $2.35. It has broken through the psychologically important $2.00 barrier and looks like it is headed towards the next resistance at $2.16. Major resistance area is around $2.16 to $2.26. A successful breakout of this zone will see Genting heading towards $2.35 in no time.
An extremely strong performance by Cosco today on very high volume, which saw it going from a low of $2.07 to close at $2.17. This is just shy of the resistance at $2.19. A successful breakout from $2.20 should bring it to its 2011 high of $2.44
Noble group is also on an uptrend. Resistances at $2.25, $2.32 and finally to its 2011 high of $2.40. Support is at $2.17.
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