Daily Market Opinion for 18-Dec-2014
STI managed to end its losing streak yesterday. The opening was a positive one as bargain hunters were seen entering the market early. However sellers were still in the market, resulting in STI breaking its support at 3210 level slightly. But the bargain hunters supported the support level after hitting a low of 3200 level. The rebound came quick and strong which caused the sellers to stand aside. After lunch hours, STI hit as high as 3232 level as buyers continue to put aside the negative feeling that it had for the past few day. Before closing, STI faced some profit takers which prevented STI from closing at high. STI ended at 3227 level with 12.14pts up. Last night, DJI also managed to rebound firmly with 288pts up. Will STI be able to continue its rebound today? How far can STI rebound?
The support ...
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