Thursday, January 23, 2014

STI at critical support

As we all know that STI is running on a sideway trend, most blue chip is not moving up. Current  resistance is at 3155, support of STI is at 3115, pls watchout for downside risk if this support is broken, for the previous few occasions, when STI break sideway support or resistance, it usually result in a >100 points move, hence if you are waiting for a big move, dont miss the breakout/down!
Today we saw one of the bluechip moving lower, our Singapore Airline (SIA) break the support level and moved lower into a downtrend. Lets watch and see which is next stocks that break the  support.

Some Mid Cap trending Stocks You should be trading

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