Sunday 10 April 2011

STI Weekly Preview


Trend: Bull trend intact.

The election really is still strong. And should be able to carry STI pass 3200 before the middle of next week. After which there may be a minor pull back before it continue to challenge the 3270, previous high.
Next week the focus is on earnings in US. Unless there are major earning disappointment, STI should continue to charge upwards. Long term traders, who have bought 2 weeks ago, should continue to hold their position. Short term holder may like to sell on really and to buy again on the pull back.