Market Review and Trends
Daily Market Opinion for 12-Nov-2013
By Jay Chia - Your Financial Mentor  •  November 12, 2013
Daily Market Opinion for 12-Nov-2013

Daily Market Opinion for 12-Nov-2013

Positive closing was seen starting the week yesterday after a drastic drop by STI last Friday. STI opened with a slight gap up but it faces selling pressure quickly during the morning session, sellers were piling in to exit the market in fear of further selling pressure setting in. However, bargain hunters were in the market to support STI’s price and caused a rebound when it reach a low of 3175 level. The rebound managed to hit a high of 3190 level before it closes at 3186 level. A total of 9.47pts was recovered by yesterday’s rebound. Last night, DJI traded flat with only 21.32pts up. Will STI continue its rebound momentum again? Or will STI continue to test its support level?

STI managed to hold at its 100ma support at 3170 level well and even rebound back above its horizontal support at ...

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By Jay Chia - Your Financial Mentor
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