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Thursday, January 29, 2009

STI 29/01/2009

I am expecting the following range on STI and some counters today.
I have listed the counters,
the range I am expecting,
if the range is broken upwards then the resistance is displayed in this column,
if the range is broken downwards then the support is displayed in this column.


Counter Expected Range If broken upside If broken downside
Capland 2.43 ~ 2.58 2.85 2.35
Kepcorp 4.17 ~ 4.26 4.34 4.12
SGX 5.27~ 5.15 5.37 5.06, 4.91
SIA Eng 2.05 ~ 2.01 2.06 1.98
Singtel 2.67 ~ 2.56 2.71 2.5
Wilmar 2.83 ~ 2.71 2.86 2.63
Yanlord 0.94 ~ 0.89 0.975 0.845
Hyflux 1.80 ~ 1.75 1.9 1.64
STI 1789 ~ 1746 1841 1727

These are just support and resistance guidelines from the trend lines. If you are following this, please trade with caution as I could be wrong too.

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