| | Close | Change | Low | High |
| STI | 1,852 | -7 | 1,840 | 1,859 |
| | Shares | Value |
| Volume Traded | 1.44 billion | $1.04 billion |
Another quiet day with an even tighter trading range compared to yesterday. Volume traded is getting more and more pathetic. It is understandable that many investors prefer to stay by the sidelines in wake of US regulators discussing their findings with the banks. US officials also will outline publicly the process they followed in an attempt to show how rigorous the testing was. It is anyone's guess on how the US US
The hot stocks today were still CPO counters, while Capitaland was under significant pressure after results came out weaker than expected. Chart wise, the STI is getting into an increasingly tighter trading range, which suggests that a breakup/breakdown should come along soon – probably to be brought about by the announcement of the stress test result. Support levels for the STI are at 1,830 and 1,780. These will be our
strategic entry levels as well.
The hot stocks today were still CPO counters, while Capitaland was under significant pressure after results came out weaker than expected. Chart wise, the STI is getting into an increasingly tighter trading range, which suggests that a breakup/breakdown should come along soon – probably to be brought about by the announcement of the stress test result. Support levels for the STI are at 1,830 and 1,780. These will be our
strategic entry levels as well.
Note: Kindly read my first post, About Myself, on my disclaimer. Thank you.
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