The STI gapped down at the open, mirroring the weaker closes of the US markets, but soon found its footing later in the afternoon. I am looking for it to go to 3100 soon. Support is at 3016.
Golden Agri also had a weak open and at one point in time was sold down to 0.71. But it rallied in the afternoon to close at 0.725. Resistance is at 0.745.
Capitaland rose strongly today on high volume to close at 3.12. Support is at 3.00. First target is 3.155, second target is 3.20. This stock is outperforming the STI.
Genting rose slightly on high volume. The larger trend of Genting is still down, but momentum is going higher. It seems to have found some support at 1.285. There is some resistance at 1.32, and the next resistance is at 1.41.
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