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Daily Market Opinion for 10-July-2013
By Jay Chia - Your Financial Mentor  •  July 10, 2013
Daily Market Opinion for 10-July-2013

Daily Market Opinion for 10-July-2013

It was a day of rebound for STI as it continues to refuse to retrace below 20ma line yesterday.  STI opened with a gap up as it reacted to DJI’s previous night’s closing. There was some selling pressure since the start of the day but positive opening of HSI had encouraged STI to gain back its strength to head higher. 3180 level was soon tested and STI starts to hover there. 3180 level seems to be holding its resistance well as STI seems to unable to go beyond that. The price action was stuck in this level for the rest of the day without breaking this resistance. Eventually, STI closed at 3178 level with 23.16pts higher for the day. Trading volume seems to have improved a little but it is not back to its average level. Last night, DJI managed to strike a ...

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By Jay Chia - Your Financial Mentor
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