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Daily Market Opinion for 26-Sep-2013
By Jay Chia - Your Financial Mentor  •  September 26, 2013
Daily Market Opinion for 26-Sep-2013

Daily Market Opinion for 26-Sep-2013

STI continues the week with a flat trading day yesterday. This was the third consecutive day that STI experiences flat trading after sharp upward spike last week. Yesterday’s movement started with a slight gap up opening. The bullish strength had managed to send STI to as high as 3232 level before selling pressure starts to set in again. Before noontime, STI was seen tackling the negative region again. The selling pressure had led STI to hit as low as 3200 level before closing at 3208 level. A mere drop of 3.17pts was achieved yesterday. Trading volume continues to be lacklustre yesterday. Last night, DJI ended with 61.33pts down. Can STI break out of this consolidation range today?

The expectation for yesterday’s movement turned out right. STI continues to be bounded between the ranges of 3200 – 3230 level. The candles had clearly shown ...

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By Jay Chia - Your Financial Mentor
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