Market Review and Trends
Daily Market Opinion for 11-Jul-2014
By Jay Chia - Your Financial Mentor  •  July 11, 2014
Daily Market Opinion for 11-Jul-2014

Daily Market Opinion for 11-Jul-2014

STI experienced volatility yesterday as it attempts its rebound. The day started bullishly with a gap up opening. Upside attempts were seen in the morning session which pushed STI to as high as 3291 level. However, it failed to maintain its high as sellers started to enter the market. Bearish concerns were happening as strong bearishness was seen in DJI futures after lunch hours. Hence, whatever gains that were made are being erased before the closing hours. STI closed at the low of the day with 5.96pts down; closing at 3269.5 level. Last night, DJI closed with only 70.54pts down. Will STI continue to face bearishness today? Or will STI attempt to rebound again?

STI is struggling to rebound yesterday as it faced resistance at 3280 level. This resistance level seems to be holding firmly as STI formed a long upper shadow ...

...
Read the full article
By Jay Chia - Your Financial Mentor
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance