Above is an end-of-day daily chart of the STI. The STI started quite strongly in the morning, but profit taking set in as the index was about to hit the psychologically significant level of 3000 points. Support is at 2900.
Genting SP has had a strong run up over the past few days, and managed to close above its 200day moving average yesterday. Today, despite some profit taking, it managed to close above the 200day moving average and above yesterday's high and at a higher volume than yesterday. This shows very strong buying presence for the stock. Resistance is around 1.80, support is at 1.60.
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