Market Review and Trends
Daily Market Opinion for 22-Apr-2014
By Jay Chia - Your Financial Mentor  •  April 22, 2014
Daily Market Opinion for 22-Apr-2014

Daily Market Opinion for 22-Apr-2014

STI was seen inching up yesterday as it faces resistance at 3255 level. It managed to have a strong opening that coupled with attempts to head higher during the early trading session. A high of 3264 level was reached but STI did not manage to go higher than that level. Instead, profit takers started to enter the market which caused the market to slide as the day goes by. A low of 3250 level was being tested. With the lack of strong trading volume, trading was pretty listless during the day and STI ended with only 2.03pts up; closing at 3255.83 level. Last night, DJI started the week with 40.71pts up. Will STI be able to break is resistance level today? Or will retracement action starts to set in?

Another black candle was formed yesterday. This shows that the resistance at 3255 ...

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By Jay Chia - Your Financial Mentor
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