Friday, July 20, 2012

End of day look at STI and Genting SP

Above is an end of day chart of the STI. The momentum is falling and it is starting to retrace. This looks like a good buying opportunity. Support is around 2980 and resistance is 3030.
Above is an end-of-day daily chart of Genting SP. It has been on a relentless downward slide since breaking about 1.65 on the downside. There appears to be some support at 1.305.

No comments:

Post a Comment