Invest
Update – STI
By Stock Market  •  June 18, 2012
Was the signs of optimism just a mirage?
On 18 June, FSSTI gapped up to open at 2849, up by 38 points. I guess for those who have been waiting for the Greece Election to be over, may probably take the election results as a possible cue. While for those who have waited for the result and decide to take a view before the Election, may porbably have enter the position and waiting to sell into strength.

As shown on the chart, while the journey up to test the Upper bound of 2865-2875, there is another resistance of 2827-2840. Yes, indeed the FSSTI gapped up to open at 2849 but this gain was not sustainable for long. Those hungry Bears waiting to pounce at the patience Bulls, not to forget those opportunistic Bulls ready to forsake those patience.

FSSTI pared its gain to close below 2827, at 2824.

Well, I guess things just got more interesting than ......
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