Daily Market Opinion for 24-Jan-2013
STI continued its bullish momentum yesterday after the positive mood from the US market brought confidence to the market. The opening was seen to be flat but buyers were buoyant and started buying slowly into the market. Before lunchtime, STI started to reach a plateau and started an intraday range till closing. There isn’t much trading action seen during the day as the bullish conviction managed to stay firmly. Little market actions were seen in the region markets and that could be the reason why STI did not experience volatility during the day. STI closed with 11.37pts higher which ended at 3231 level. Last night, DJI maintained its bullishness and closed with 67.12pts higher. Can STI continue to trade higher today? Will its resistance level hold?
White candle was formed in STI yesterday. This candle shows that STI still have the strength ...
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