Daily Market Opinion for 13-Feb-2014
US’s Fed chief, Yellen, speech had assuring impact on the regional market yesterday. STI was able close higher for the 5th consecutive day. The day started with a gap up action with attempts to test its previous day’s high. The bullish momentum managed to gain traction on the morning trade and managed to hit a high of 3044 level. However, the bullish momentum failed to sustain and it started to retrace during the later morning. A low of 3033 level was hit and it started to trade around that level. At closing time, STI closed at 3035.45 level and clocked the day with a modest 6.35pts up. Last night, DJI ended its bullish streak and close with 30.83pts down. Will STI be able to sustain the bullish momentum today?
Although STI had closed the day positively, it had form a black ...
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