Shares & Derivatives
STI rebound off 2820 support!
By Dou  •  September 8, 2011

On 08/Sept, Singapore shares ended higher on hopes of new stimulus plan in the U.S.

STI ended higher at 2856.9 (0.9%) with LOW VOL of 1.47 billion shares traded compared with 1.52 billion shares Wednesday. In the broader market, gainers outnumbered losers 229 to 217. The rally for STI is relatively weak today as investors merely buy up specific stocks rather than the overall market.

Headline in STI

After market close

No updates

Technical Analysis on STI

Immediate Resistance of STI: 2936

Immediate Support of STI: 2820

MY sentiment on STI: Today STI re-test the support at 2820 but managed to rebound off this support. A white candle sticks with lower shadow similar to a “hanging man” affirms on the weakness on the rally. Moreover the market breadth is relatively weak as well. Watch out for the support at 2820 for more signals.

STI rebound ...

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By Dou
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