25 Jan '13, 4am

Daily Market Opinion for 25-Jan-2013

STI had enjoyed a bullish day yesterday and managed to break its recent high despite weakness in regional market. STI struggled to trade higher during it opening as it opened flat and it started to experience selling pressure during the opening hours. Sellers forced STI to as low as 3221 level after weakness in HSI’s opening. However, STI managed to hold up its footing and started to rebound back. Buyers gained further strength after sellers were forced to wait for a higher level to sell. 3230 resistance level was hence broken easily as buyers rushed to enter the market after the breakout happens. Eventually, STI is able to end its day at 3248 level with 17.16pts higher. Last night, DJI continues to inch higher with 46pts up. Can STI continue its bullish momentum today? How high can STI appreciate?

Full article: http://thefinance.sg/2013/01/25/daily-market-opinion-for-...

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