STI closed at 3113pts, up 44 pts. Most major Asia Indexes have moved up by more than 1%, DJI future currently move up 54pts, which mean we will see DJI to open high. If DJI move up more than 1% during closing, we may see Asia Market pushing further up on tomorrow.
STI is currently very near to its resistance at around 3120pts (20d EMA), if it push further up, there is possiblities that it may break its resistance.
As in to know whether the correction is over, that depend largely whether STI is able to find its support level again at its 20d EMA or not.
Disclaimer
All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Monday, March 19, 2007
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