Market Comments (STI) for 28 Feb 14

STI Daily 27 Feb 14

After a beautiful recovery starting from 4 Feb 14, the STI is currently at resistance of 3,100 – 3,120. I would expect the Index to take a breath and consolidate for a while before testing 3,120 again. Looking at Dow Jones peaking and HSI also begins its consolidation, it will be sometime before the Indexes gain their strength to climb higher grounds.

Traders may take some profit now.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s