If STI cannot close above 2777 today.. there will be profit taking again
Posted by admin in Futures Pick, Market Analysis, Stock PickGood Evening,
Some of you are emailing us, asking us, how come HK and NIKKEI are falling.. US Futures are also falling.. how come STI is still strong? Is it because our GDP is good and we are strong.
If you can recall my posting on Tuesday, I mentioned that there will be a technical recovery on the STI today and today I say that most regional markets should be heading south.
So I am going to repeat here, get out for the stock market today if you are in profit or small losses (refering to contra players) as I believe tomorrow there will be some heavy selling again.
I may be proven wrong BUT with the NIKKEI going below the 9690 support level, the likely chance of it hitting 9400s level is high. HK Future should touch 22465 tomorrow.
So traders just becareful… there is time to buy and today is not… my 2cent worth advice.
Kelvin Han
Originator of V3Go Mentoring Program
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