Daily Market Opinion for 25-Apr-2013

STI made a new high yesterday after experiencing drastic volatility during the day. STI opened higher during opening but it faces selling pressure immediately during the early trading session. Selling pressure forced it to as low as 3279 level before buyers starts to enter the market. Positive strength of HSI helped STI to sustain its intraday bullish movement. Eventually, STI encountered the first resistance of 3315 level and managed to break it gradually. This created more confidence for the buyers which caused further buying strength happening before the market closes. Eventually, STI managed to close at 3322 level with 38.36pts higher.  Last night, DJI did not maintain its bullish streak and ended with 43.16pts lower. Can STI maintain its bullish strength today? How high can STI go currently?

A long white candle was formed by STI yesterday. With its long lower shadow ...