Trend : Up
We were spot on that STI stayed sideway with a downward bias in our last update. What does the waves tell us from here on?
STI 3100 held up to the bear onslaught very well. Signs are showing that a rebound is in the pipeline. This is a good opportunity to pick up stocks. Intermediate traders may like to go long and hold the stocks till STI nears its resistance at STI 3180. Short term traders may go long and be prepared to hold on the stocks till next week for more gain.
