Just a quick update. After gapping up into 2820 on tuesday, the price gapped down yesterday and closed weaker today. The overall trend of the market is still very bearish. If the market closes below 2767, then it will likely trend to around 2700. If the market is able to close above 2820, the market may be able to rally to 2870.
Throughout the day, i noticed heavy selling in commodity stocks like Noble and Golden Agri. There was also a period of heavy selling in Genting SP.
Overall, the market sentiment is not so good.
No comments:
Post a Comment