Daily Market Opinion for 23-July-2013
It was a good start for STI yesterday as the week started with bullishness. This could have implied that STI had bounced off for a higher low formation which might have confirmed the continuation of the uptrend movement. The day started with a gap up action as participants of the market were positive about the market sentiment of this week as cautiousness had subsided. Buying strength was seen slowly been built up during the day as sellers were subsiding. This allowed STI to reach as high as 3240 level during the day before STI closes at 3234 level. STI gained a total of 21.09pts during the day. Last night, DJI was lacking of catalyst and it ended flat with only 1.81pts up. Will STI be able to continue its bullish momentum today? Or will STI behave like DJI which ended flat?
STI closed ...
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