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Straits times index confirmed its uptrend, 3140 level eyed
By Jay Chia - Your Financial Mentor  •  December 10, 2012
Straits times index confirmed its uptrend, 3140 level eyed

Straits times index confirmed its uptrend, 3140 level eyed

Last week, STI enjoyed an exciting week as it went through a series of ups and downs. The week started with slight retracement movement as it was unable to break its resistance. However, its gap support held well and prevented STI from dropping lower on the next day. The rebound helped STI to test the resistance at 3085 level again on Thursday but was unable to break it. However, bullish momentum continues to stay in play which forces STI to open higher on Friday which aids to break the recent high resistance of 3085 level. Thus, STI was able to reach out for another resistance level and close near to it. For the week, STI gained 37.16pts and ended at 3107 level. Last Friday night, DJI was able to close positively with 81.09pts higher. Has STI really completed its ...

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By Jay Chia - Your Financial Mentor
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