Friday, November 1, 2013

STI Sideway, Profit Taking

Previous Post on STI:

  1. As mention in previous post, STI Support Remain at 3200. However Since US market is not moving higher last night, there will be more chance of Profit taking going on today.
  2. Resistance remain at 3235-3240 area, unless we can break this STI can move in uptrend again. We are now in a short term sideway trend.
  3. CityDev, Capitaland, Biosensors, SGX are among the few weak stock on thursday
  4. Is it a good time to short yet? Probably not yet, now is good time to clear some old inventory. If you have some stocks not moving as planned, is good to cash out first. and look for higher probability trade.