Friday, February 11, 2011

SG Market Analysis -- 11th Feb 11

STI appeared to have a capitulation just now dropping to 3,054.30 and rebound back to around the opening level.  If STI is able to close at this level, this has created a dragonfly doji candlestick which accompany by past 4 days of drop is a bullish reversal signal potentially.

Also watch out for individual stocks which develop similar pattern.