Friday, December 10, 2010

SG Market Analysis -- 10th Dec 10


STI trading within the channel, ranging from lower boundary to upper boundary of the channel.

Any breakout from the channel regardless to the upside or downside must accompany with high volume else consider failure.

Level to watch for 10th and 13th Dec 2010
Lower boundary = 3,177 and 3,182
Upper boundary = 3,218 and 3,224