Market Review and Trends
Daily Market Opinion for 21-Feb-2014
By Jay Chia - Your Financial Mentor  •  February 21, 2014
Daily Market Opinion for 21-Feb-2014

Daily Market Opinion for 21-Feb-2014

STI had ended its bullish streak yesterday after struggling to trade higher yesterday. The bearish closing by DJI on the previous day did not stop STI from opening higher yesterday. STI opened with a slight gap up action and it immediately tried to head towards 3100 resistance level by reaching a high of 3101 level. However, it failed to sustain the gains as HSI started to trade deep into red. Being the only bullish market in the regional market, sellers made use of the excuse to sell into strength for the rest of the day. A low of 3084 was formed and STI was unable to recover much during closing. STI ended the day with only 2.15pts down, closing at 3086.64 level. Last night, DJI managed to recover 92.67pts. Will STI be able to recover its lost grounds today? How far can ...

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By Jay Chia - Your Financial Mentor
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