From the look of STI's weekly chart, it will be nice to close around 2383 or even break 2400. Because we will form a candlesticks reversal pattern known as Bull piercing pattern! Which is to say, potentially more upside next week. Another anticipation is a slightly normal reaction by world markets due to the big gains today. If we close mixed tomorrow, with the risk of Middle-east unrest, the brave ones might want to pick up some gems to hold over the weekend. The reward is ceasefire in middle-east and Monday you will be laughing all the way to the bank. The risk, is at most a small gap down. In my humble opinion, I do not feel a fierce sell off from here.
Labroy Marine
UTAC: Weekly chart forming a hammer if this week close between 0.690 to 0.710. But hammer needs a white candle confirmation. FA wise, plenty of house downgrades UTAC. So could be a fast rebound only.
Cosco Corp: Running into resistances soon But strength is seen in same sector. Labroy and Semb Marine.
ChinaSun, 0.845 is key...
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.
