The STI finished up at 2998 after hitting an intraday high of 3004. Momentum is easing off, and without big boys doing the heavy buying, most people are taking a wait-and-see attitude. It looks like the STI will consolidate for a short while before gathering enough strength to push through the 3000 mark.
Capitand has retraced quite significantly from its previous high, but the lows are still getting higher and i think it is a matter of time before it break out of 2.99. Resistance for Capitaland is at 3.00 and support is at about 2.865.
Golden agri managed to close above the heavy resistance of 0.72, albeit at a relatively low volume. The ideal entry into Golden Agri would be a retracement to about 0.70 because support is strong at that level. Resistance is at 0.735.
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