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Market recap 17-Jul-2006

by Gav Leave a Comment

It is not a nice picture for STI. It , in fact, failed to stay above 50-day moving average and closed below 200-day moving average. And it formed a lower high. It is a bit difficult for me to stay bullish. I would prefer to stay at Short side. In addition, looking at stochastics, it is yet to enter oversold zone.

UOB sesdaq is on the line. It stays around on 50-day moving averages. It is likely for Sesdaq to ding-dong between 50-day and 200-day moving averages. Not so good for small cap, but I am not over bearish. I guess, a little bit patience is needed.

Filed Under: Old blog archive

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Comments

  1. TopTrader says

    at 8:19 pm

    UOB Sesdaq – Potential shs? Which will be confirmed once 90 support is broken down.

    Reply
  2. TopTrader says

    at 2:19 am

    UOB Sesdaq – Potential shs? Which will be confirmed once 90 support is broken down.

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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